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Strategy Note
11/11
Year 2019
Market Strategy – Robust earnings growth driven by banking sector
Strategy Note 327
Strong earnings growth amid solid macro economy. Banking sector is a main driver of 3Q19 market’s earnings growth. Real estate sector maintained high growth in 3Q19. Market sentiment improved but just a blip. Please follow this link for the full…
18/09
Year 2019
Market Strategy – Hog price increases: Has the sector bottomed out?
Strategy Note 411
Contracted supply pushed domestic hog prices upwards. 4Q19-1Q20 outlook: Prices could rise further as demand picks up seasonally. ASF outbreak bring opportunities to large players. Feed market needs more time to recover. Please follow this link for the full report
26/08
Year 2019
ETF Monitor – VJC expected to be added in FTSE Vietnam Index and MVIS Vietnam Index
Strategy Note 317
FTSE ETF (FTSE Vietnam Index) and V.N.M ETF (MVIS Vietnam index) will announce their results of portfolio review on this 6 Sep and 13 Sep 2019, respectively. Then, these ETFs, which are managing a total of US$746.1m in NAV, will…
07/08
Year 2019
Market Strategy – 2Q19 Recap: Positive signs beneath a soft recovery
Strategy Note 345
Better earnings growh as expected. Banking and Real Estate fueled market’s 2Q19 earnings growth. Consumer-related sectors hold centre-stage despite some laggards. Earnings recovery could improve investors’ sentiment but might not last long. Please follow this link for the full report
05/07
Year 2019
Navigating Vietnam 2H19 – A rosier outlook
Strategy Note 407
Vietnam’s economy enjoyed a favorable growth in 1H2019. Though the best is yet to come, the worst seems to be over. Overall, we expect a rosier outlook with the VNINDEX touching 1,020 points towards end-2019. Consumer and retail are still…
01/07
Year 2019
Market Strategy – The EVFTA: When opportunity knocks
Strategy Note 302
The EU-Vietnam Free Trade Agreement (EVFTA) which were signed on 30 Jun 2019, are expected to boost trade and investment between Vietnam and EU in the next decade and leave the door for Vietnam to further integrate into the global…
29/05
Year 2019
ETF Monitor – POW is expected to be added to the FTSE Vietnam Index and the MVIS Index
Strategy Note 416
FTSE Vietnam ETF (FTSE ETF) will announce the results of a rebalancing of the FTSE Vietnam Index on 7 Jun 2019 while VanEck Vectors Vietnam ETF (V.N.M ETF) will publish the conclusion of a review of the MVIS Vietnam Index…
24/05
Year 2019
Market Strategy – Huawei’s US ban: Trembling in the middle of the trade war – Minimal impact on Vietnam’s mobile phone market
Strategy Note 306
Our quick view on the potential impact of Huawei incident on global and Vietnamese mobile phone markets Please follow this link for the full report
13/05
Year 2019
Market Strategy – A weak quarterly results season but not as bad as feared
Strategy Note 333
Flattish earnings growth due to the slowdown of banking and the weakness of real estate. Consumer-related sectors took centre-stage in 1Q19. Not yet time for bottom-fishing. Please follow this link for the full report
16/04
Year 2019
Market Strategy – MSCI 2019 Market Classification Review: Vietnam is expected to increase its weight in the MSCI Frontier Markets Index
Strategy Note 368
On 13 May 2019, Morgan Stanley Capital Investment (MSCI) will announce the results of annual market classification review, which officially takes effect on 29 May 2019. Please follow this link for the full report