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26/07

Year 2022

2Q22 Earnings Season Tracking – Update 26 Jul, 2022

Strategy Note 214

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 26 Jul 2022, 590 listed companies, representing 34.2% of the total listed…

22/07

Year 2022

2Q22 Earnings Season Tracking – Update 22 Jul, 2022

Strategy Note 148

Dear investors, 2Q22 Earnings season has kicked off this week. In order to provide a sense of the overall 2Q22 earnings picture, we start tracking the real-time result releases over three bourses HSX, HNX, and UPCOM. As at 22 Jul 2022, 483 listed companies, representing…

21/07

Year 2022

ETF Monitor – VN30 Index: Bank proportion to be enlarged

Strategy Note 241

HOSE announced new VN30 index constituents on 18 Jul 2022, which VIB officially replaces PNJ from 01 Aug 2022. With data as of 19 Jul 2022, we estimate ~12.5m shares of VIB will be bought while 3.5m shares of PNJ…

01/07

Year 2022

ETF Monitor – VN30 Index 2H22 review: VIB in, PNJ out

Strategy Note 325

New HOSE-index basket, including the VN30 index will be announced on 18 Jul 2022, which will come into effect on 01 Aug 2022. According to our estimates, VIB will be included into VN30 basket, while PNJ to be removed out…

29/06

Year 2022

Navigating Vietnam 2H22 – Sailing through rough water

Strategy Note 261

We believe the key investment theme of Vietnam is economic trajectory with apparent recovery in a couple of next quarters. We expect the economy to accelerate in the 2H22 with 7.1% yoy for 2022F, underpinned by robust manufacturing expansion and…

27/05

Year 2022

Market Strategy June 2022 – Let’s sunshine

Strategy Note 199

VN-INDEX experienced negative sentiment in May. Following the sell-off in April, the VN-INDEX continued to suffer from negative sentiment, dramatically fell to 1,218.81pts (-10.8% mtd, -18.7% ytd). Market sell-off momentum could be attributed from: (1) FED tightened monetary policy more…

10/05

Year 2022

1Q22 Earnings review – A robust start for FY22F

Strategy Note 226

As at 10 May 2022, 1089 listed companies on three bourses, representing 94.3% of market capitalisation, have released 1Q22 results. 1Q22 market aggregate earnings grew robustly 33.2% yoy, faster than that of 14.4% yoy growth seen in 4Q21. Market earnings…

29/04

Year 2022

Market Strategy May 2022 – Is this time for bottom-fishing?

Strategy Note 250

Vietnam market experienced a sharp decline in Apr. After climbing to 1524.7 pts on 4 Apr, the VN-Index dramatically fell to 1,310.9pts, (-12.1% mtd, -12.5% ytd), the lowest since late-Aug 2021. Recent market sell-off could be attributed to (1) negative…

26/04

Year 2022

1Q22 Earnings Season Tracking – So far so good

Strategy Note 264

Dear investors, 1Q22 Earnings season has kicked off this week. In order to provide a sense of the overall 1Q22 earnings picture, we start tracking the real-time result releases over three bourses HSX, HNX, and UPCOM. As of 25 Apr…

01/04

Year 2022

Market Strategy April 2022 – April showers bring May flowers

Strategy Note 263

VN-INDEX witnessed a V-shaped pattern in Mar. The VN-INDEX dropped to the lowest level of 1,446.3 pts (-2.9% mtd) on Mar 14 due to concerned that Western sanctions imposed on Russia negatively affect the global economy. However, the VN-INDEX soon…
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