[Long’s View] Time Heals All Wounds (GAS) 23.05.2018 (Delayed)

Jun. 20, 2018 9:25 PM ET Summary DJ succumbed to a late bout of selling, likely fueled by remarks from Pres. Trump that dampened the narrative that U.S.-China trade tensions are easing. GAS (VND 113,300, +7%, Market cap USD 9.51 billion). Our team is quite positive with energy while oil has potential to go higher (report). What Happened During National Assembly? In our email (23rd Oct 2017), we mention that Vnindex fluctuate much more than normal. This time are you ready for this wild ride? The National Assembly this year will focus on number of laws and 12 loss-making projects … Continue reading [Long’s View] Time Heals All Wounds (GAS) 23.05.2018 (Delayed)

[Long’s View] End Of AGM Season Note (VHM) 16.05.2018 (Delayed)

Jun. 20, 2018 6:16 AM ET Summary DJ dropped as treasury yields spiked, returning to multi-year highs. In Vietnam, we have another high value liquidities trading day in derivatives (USD 271 million vs USD 221 million of. VHM Vinhomes. The latest ticker will be listed tomorrow. VHM’s current revenue scale and land fund are ranked 1st among the listed real estate firms. End of AGM season note. The only summary report that investors need. the below companies set 2018 which are on average 17% growth in Sales and 16% growth in EBT. AGM note Including: Banking sector: TCB, MBB, CTG, … Continue reading [Long’s View] End Of AGM Season Note (VHM) 16.05.2018 (Delayed)

[Long’s View] May in a minute (PVD) 05.06.2018 (delayed)

Dear Value Clients and partners;   ·         It is great to be back to the office while the stocks are recovering. Top defensive sectors climb the most as Consumer staple, Discretionary both rise over 4.4% and health care jump 3.5%. On the other hand, real estate is the only lagger of -0.52%. The rest of the sector mostly end with 0.5% to over 1.5% growth.   Today’s Markets ·         Indexes : VN-Index 0.88%, HNX-Index -0.11%, Upcom -0.05% ·         Active : HOSE: HPG, VPB, CTG, VCB, SSI   HNX: ACB, PVS, SHB, CEO, VGC ·         Index movers : Leader: GAS, SAB, PLX, VNM, VIC Laggard: TCB, VCB, … Continue reading [Long’s View] May in a minute (PVD) 05.06.2018 (delayed)

[Long’s View] Vietnam Q1’s Result Update (PVI) 10.05.2018 (Delayed)

Summary The day full of news: Dollar declines, treasuries climb, Dr. Mahathir back to the Malaysian PM and Israel hit Iranian targets in Syria.the market declines sharply like falling dagger. PVI (Mkt Cap $313 Mil – Current price 34,300 VND/cp – P/E Forward 19.1x – P/B forward 1.1x – FO 49%). Having the largest non-life market share and low valuation. Q1’s result update. In the meantime, most company already announce their Q1’s number with total PAT of VND 45,598 billion (+21% vs Q1 2017). 616/710 making profit and 46% have. Lower valuation is the only good news when market is … Continue reading [Long’s View] Vietnam Q1’s Result Update (PVI) 10.05.2018 (Delayed)

[Long’s View] House Of The Flying Daggers (SAB) 08.05.2018 (Delayed)

Summary Summer begin will falling stocks, rising oil and a cool beer. derivatives value outpace the stocks’ liquidity (278.4 USD mil vs USD 323.1 million). SAB Sabeco – (Target price VND 254,800, Market cap USD 6.16 bil – Current price VND 234,900/share – PE FW 23.41x – PB FW 7.06x.). House of the flying daggers. Although the stocks recovered slightly early May, it won’t prove that whether the bear is still there or not. Why Energy lag WTI crude oil? U.S. crude oil pierces $70/bbl for the first time since November 2014 amid anticipation of potential new U.S. sanctions against … Continue reading [Long’s View] House Of The Flying Daggers (SAB) 08.05.2018 (Delayed)