[Long’s View] Q3 earning season (DRC, HT1) 25.10.2019 DELAYED
Dear Value Clients and partners; Comments: • Today: Top Chinese and US official talk continuous with China expect US drop more tariff and buy more farm products in return. Market ends slightly up with no significant move from sectors. The top performer today is Consumer staple (+0.63%) and followed by Finance (+0.34%). The biggest loser is material -0.74% and health care (-0.71%). The rest of the sector stand still. • Q3 earning season. Vietnam is currently in the 1 month National assembly which usually result in a much more fluctuation stock market. But Vietnam market lately react as if it is probably one of … Continue reading [Long’s View] Q3 earning season (DRC, HT1) 25.10.2019 DELAYED
[Long’s View] To Rerate or Not to Rerate (GAS, PNJ) 10.10.2019 DELAYED
Dear Value Clients and partners; Comments: • Today: The upcoming economic calendar is light despite the trader front talk might be cut short, and the political stories are numerous (Trump impeachment). VN-index have slid slightly, after stayed nearly on the green the … Continue reading [Long’s View] To Rerate or Not to Rerate (GAS, PNJ) 10.10.2019 DELAYED
[Long’s View] Vietnam 9 months 2019 in a minute (LCG) 02.10.2019 DELAYED
Dear Value Clients and partners; Comments: • Today: Stocks flashed red overnight across the US, Europe and Asia. Strong net sell from foreigners, push Vnindex lower. In term of sectors, 10/10 end in the red, led by IT -2.12%, Utilities -1.88% and … Continue reading [Long’s View] Vietnam 9 months 2019 in a minute (LCG) 02.10.2019 DELAYED
[Long’s View] Last week of September 2019 will not be a quiet one (ACB) 24.09.2019 DELAYED
Dear Value Clients and partners; • Vietnam announce the first social network name “Lotus” and I try to get account at lotus.vn. Stocks again finished almost flat after trading within a tight range, the index has moved less than a percentage … Continue reading [Long’s View] Last week of September 2019 will not be a quiet one (ACB) 24.09.2019 DELAYED
[Long’s View] 5W and 1H for Vietnam As FTSE Emerging Market (26.09.2018) reup
Dear Valued clients and partners, “Vietnam is included in the watching list for Emerging market on this FTSE annual country classification review announcement at 6h30 Hanoi time 27th Sep 2018.” From Frontier to Emerging market is not as simple as getting from 1st grade to 2nd grade, but more like from Elementary school to Secondary school for Vietnam stock market. It is getting very personal for me when it comes to country classification. When I joined the industry more than 10 years ago, my ex boss kept saying that to be inclusive in frontier market is important for Vietnam and the global fund would track our stock market. That is the … Continue reading [Long’s View] 5W and 1H for Vietnam As FTSE Emerging Market (26.09.2018) reup
[Long’s View] rate & Oil: Far from Home (VCB, MBB) 17.09.2019 (DELAYED)
Dear Value Clients and partners; • The market participants are overwhelmingly awaiting another 25 bps rate cut after the September 17-18 FOMC meeting. Utilities up 1.64%, energy sectors up 1.28%, followed by consumer staples +1.09% and real estate + 0.95%. In the meantime, market heading to the ETF review and futures Vn30 weeks. Today’s Markets • Indexes : VN-Index +0.70%, HNX-Index +0.02%, Upcom -0.23% • Active : ROS, VJC, VRE, MBB, GAS HNX: PVS, VCS, ACB, SHB, TNG • Index movers :Leader: GAS, VHM, BID, NVL, MSN Laggard: POW, HVN, BVH, BHN, STB • Foreigner Buy: VJC, HPG, BID, NVL, … Continue reading [Long’s View] rate & Oil: Far from Home (VCB, MBB) 17.09.2019 (DELAYED)
[Long’s View] D for Diamond (VNM, SAB, MSN) 20.08.2019 (DELAYED)
Dear Value Clients and partners; • While market was all about inverted yield curve last week, EM central banks cut rate everywhere. Besides China easing liquidity, monetary policy easing within EM has been led by Turkey (-425bp), India (-110bp), the Philippines (-75bp), Russia (-50bp), Brazil (-50bp), Chile (-50bp), Indonesia (-25bp), South Africa (-25bp), Malaysia (-25bp), Korea (-25bp) and Thailand (-25bp). Back to the stock market, 8/10 sectors closed in the green, led by Consumer discretionary (+1.42%), IT (+2.97%) and utilities (+1.25%). Today’s Markets • Indexes: VN-Index +0.37%, HNX-Index +0.38%, Upcom +0.21% • Active: HOSE: ROS, VJC, FPT, HPG, VNM HNX: … Continue reading [Long’s View] D for Diamond (VNM, SAB, MSN) 20.08.2019 (DELAYED)
[Long’s View] Bearish Xmas and Bullish New Year (BSC) 28.12.2018
Dear Valued clients and partners, Thanks god. It is not a daily comment 🙂 In 2018, Vnindex reached +22.3% and closed the year with -9.3%, which was not too bad as emerging closed -11% ytd and frontier was down -16%. Like Vnindex, Our research team at BSC started high and suffered a huge drawback in 2018. 3 of our key members left the team and one still stay in hospital for almost a year. I appreciate the cooperative spirit and the attention to detail from our team. As I am writing this email at home, some of my team members are still staying at … Continue reading [Long’s View] Bearish Xmas and Bullish New Year (BSC) 28.12.2018
[Long’s View] Last Christmas (DPM) 24.12.2018 (DELAYED)
Dear Value Clients and partners; Trade has shaved the market this year globally. Starting Jan 01st 2019, China plans to remove some duties on certain goods such as livestock feeds and some medicines. Opec has not start trimming it production yet, and saw the WTI drop over 11% in just one week. There will be several sectors could be benefited from the low energy price level. Compare to what happened last week in US market, VN Market looks pretty resilient today with 4 gains and 6 loses. The top leader is consumer staple (+2.33%) and the biggest losers are energy (-1.79%) and … Continue reading [Long’s View] Last Christmas (DPM) 24.12.2018 (DELAYED)
[Long’s View] Crouching tiger, Hidden dragon (DRC) 18.12.2018 (delayed)
Dear Value Clients and partners; Stock globally suffered a broad-base rout as S&P 500 closed at lowest point of the year, ahead of the Fed meeting 18-19th Dec 2018. Commodities market also fluctuate with WTI lose $50/bbl level and gold hit $1250 ounce. Material sector led the losing team with – 2.86%, followed by 9 other sectors, IT (-2.35%), Consumer staple (-1.34%). The only winner is utilities with +0.07% gain. Liquidity increased in both equities and futures market, foreigner net buy thanks to PNJ. Today’s Markets Indexes : VN-Index -0.69%, HNX-Index -0.56%, Upcom -0.43% Active : HPG, MBB, VNM, CTG, TCB … Continue reading [Long’s View] Crouching tiger, Hidden dragon (DRC) 18.12.2018 (delayed)
[Long’s View] It’s too cold outside for angels to fly (PC1) 13.12.2018 (DELAYED)
Dear Value Clients and partners; U.S. stock index futures are holding on to yesterday’s gains as China resumed buying U.S. soybeans. In EU, The European Central Bank is expected to formally end its monetary stimulus scheme today. In Vietnam, both equities and futures liquidity are going down. The gap between the best perform (material +0.79%) and worst perform sectors (energy -0.29%) is only 1%. Today’s Markets Indexes : VN-Index -0.11%, HNX-Index -0.35%, Upcom +0.53% Active : HPG, MBB, STB, CTG, VNM HNX: VCG, PVS, ACB, CEO, VCS Index movers : Leader: VIC, VNM, HPG, SBT, CTD Laggard: SAB, VCB, CTG, BID, … Continue reading [Long’s View] It’s too cold outside for angels to fly (PC1) 13.12.2018 (DELAYED)
[Long’s View] November in a Minute (HPG) 06.12.2018 (delayed)
Dear Value Clients and partners; At the request of the U.S., Canada arrested Huawei CFO, S&P500 future are down sharply, even after the significant drop of the last trading day in US. The flattening yield curve caused investors to dump bank stocks in the US while Vietnam stock market has been showing resilient. Again Material is the only clear loser of today with -1.22% performance. The best performer is again the most defensive sector – healthcare (+0.92%). Today’s Markets Indexes : VN-Index -0.24%, HNX-Index -0.60%, Upcom -0.05% Active : MBB, HPG, VNM, EIB, VCB HNX: ACB, PVS, VCG, SHB, VGC Index movers : … Continue reading [Long’s View] November in a Minute (HPG) 06.12.2018 (delayed)
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