Research Center

China eased some of its Covid restrictions from the beginning of Dec-22 and we expect China to fully open in 2Q23F. Sectors that will benefit from Chinese economic opening include: Aviation, Fisheries, Cement, Rubber, Steel, Textile, Retail, and Rice production.…

Our key message this year is “investing with responsibilities to protect your wealth, your corporates and the sustainable growth of Vietnam equity market”. We believe a 14% earnings growth and a re-rating in equity regarding loosening financial conditions will carry…

3Q22 market aggregate earnings grew 17.4% yoy, higher than that of 11.3% yoy growth seen in 2Q22. Among companies under our coverage that have reported 9M22 results, we see more disappointments than positive surprises as 33% missed our estimates. 3Q22…

VNDiamond ETF experienced large outflow of VND1,613bn in 3Q22 amid Vietnam market downturn. In the review which new basket will be disclosed on 17 Oct, we expect NLG will be added, while TCM might be excluded. Large outflow from VNDiamond…

Market saw no relief in September with rising interest rates and growing VND downward pressure. In 23 Sep, State bank of Vietnam has kicked off the policy rate hike by 100 basis points, marking the first increase since late-2011. Additionally,…

FTSE will announce their portfolio review for FTSE VN Index (FTSE VN ETF) and FTSE Vietnam 30 Index (Fubon ETF) on 02 Sep 2022. Market Vector also announce new portfolio for MVIS VN Index in 8 Sep 2022, which will…

Since the bottom in mid-July, VN-INDEX has extended its uptrend in August and closed at 1,282.6 points (+6.3 % mtd, -14.4% ytd). We believe VN-INDEX’s strong performance is driven by the following catalysts: (1) inflation tended to cool down in…

As at 05 Aug 2022, 1,045 listed companies on three bourses, representing 93.7% of market capitalisation, have released 2Q22 results. 2Q22 market aggregate earnings grew modestly 13.5% yoy, slower than that of 36.7% yoy growth seen in 1Q22. Market earnings…

VN-INDEX successfully broke the milestone 1,200 level. VN-INDEX started to bottom out from the lowest level 1,149.6 since July 6 and then closed the month at 1,206.3pts (+0.7% mtd, -19.5% ytd). Market sentiment has improved following the rally of US…

Dear investors, Following the previous email of earnings season tracking, we would like to update the real-time results announcement over three bourses HSX, HNX and UPCOM. As at 29 Jul 2022, 778 listed companies, representing 45.1% of the total listed stocks and 55.9%% of market capitalization,…