Tiếng Việt
普通话
17
November
Market commentary: Bullish signals
Despite the recovery, the downtrend is dominant in the short term as the VNIndex retests the 900-pts threshold. Therefore, traders should stay on the sideline and wait for the next signals.
Research Center
16
November
Easing liquidity condition in the money market
Vietnam’s money market has eased this week with significantly lower interest rates for short-term tenors and a higher trading value, implying that traders have regained confidence after a few weeks of SCB’s resolution. SBV tends to lower its money injection when the liquidity condition in the banking system seems to loosen and redirects the attention to the FX market stability.
16
November
Daily derivatives: Keep holding the short position
Short positions on VN30F2211 near 940 pts should be held and stop the loss when there is the closing price above 960 pts level. (Hourly chart)
16
November
Market commentary: Retest the 900-pts threshold
The downtrend is dominant in the short term as the VNIndex retests the 900-pts threshold. Therefore, traders should stay on the sideline and wait for the next signals.
15
November
VHC – Brief[BUY] – Monthly updates: Rise from minor segments
In Oct, VHC delivered VND1,014bn revenue (+10.6% mom and +30% yoy). In which, the pangasius revenue increased 11.3% mom and +0.8% yoy since the increase of average selling price (+7.9% mom and +21% yoy) offset the decrease of volume export . Of note, China export declined 30.9% mom and 43.4% yoy. Whilst, US market recorded +28% mom/ -12.8% yoy revenue.
15
November
Covered warrant 07-11Nov: Trading activity has eased
Last week, trading value slightly decreased across the covered warrant market. Particularly, trading value was fell to VND44bn. Besides, trading volume shrank to 196mn, down 11% WoW. By underlying asset, covered warrants which have MBB as the underlying asset attracted the most of trading interest, followed by FPT and VPB, mainly driving by CMBB2213 (-32%).
15
November
Market commentary: Selling pressure on Energy
The downtrend is dominant in the short term as the VNIndex closes the 1,000-pts threshold. Therefore, traders should stay on the sideline and wait for the next signals.
15
November
Daily derivatives: Short-term consolidation phase
Short VN30F2211 near 940 pts level if there is the intraday rebound phase, stop the loss when there is the closing price above 980 pts level. (Hourly chart)
14
November
Fundflow 04-11 Nov: Massive demand across Vietnam’s major ETFs
Market ended up to be net bought. Real Estate, Financials, and Consumer Staples, focusing on KDH, VHM, SSI, VND, BID, DGC, and VNM. With ETF flow, inflow remained at Vietnam. Net inflow was USD76mn. The positive flow of money was mainly driven by the strong demand on Fubon.
14
November
Daily derivatives: Retest 900 pts area
Short VN30F2211 near 940 pts level if there is the intraday rebound phase, stop the loss when there is the closing price above 980 pts level. (Hourly chart)
Featured Articles
15
March
Point Break
Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.
27
December
Outlook 2022 – The Big Uptrend
Key factors that drive the stock market to rise in 2022 include: (1) the Vietnam economy recovering and strong growth in 2022 and (2) new money will continue to flow into the stock market as new cash flows into stock markets and new money comes from capital flows of securities companies to margin.
09
November
Time to bet on economic recovery?
A record plunge in Vietnam’s economy in 3Q21 has threatened economic prospects in the medium and long term growth. The government is standing in a right place to mitigate the lingering impact of the current outbreak and the next ones if they take appropriate actions in an appropriate timing and appropriate way. Recent macro and policy developments are signaling that the ongoing economic recovery would be smooth and sound, but it needs a booster shot, a sufficiently large fiscal relief package, to accelerate recovery momentum and help economic growth back on track. From our view, the “Economic Recovery and Development” fiscal support package, if successfully passed, would be a key to unlocking the full potential of the economic recovery.
26
July
Fragile hope of recovery path under the worst outbreak
Amid a widespread COVID-19 delta attack in the Southeast Asia region, Vietnam is stepping into the worst outbreak in both its health and economic impacts. Although the government actively deployed various solutions to follow the twin target that effectively controls the pandemic and promotes socio-economic development, the negative impact of economic recovery is inevitable. We predict that the COVID-19 economic impacts on domestic consumption and production levels would be partly reflected in oncoming macroeconomic updates under strict lockdowns nationwide.
18
June
INFLATION: A transient or long-lasting shock?
Surging commodity prices and increasing inflation recently pose a considerable risk to global economic stability. However, the majority of global economists and monetary policymakers just saw this phenomenon as a transitory factor, and this trend would eventually reverse to a normal track in the medium- and long- term. Regarding Vietnam's situation, we saw a stable demand-supply balance in major commodities and well-controlled price conditions. The inflation shock in the near term, if it happens, would be expected to be transient and bear a little risk to the economic stability.