Market Strategy – First VN30 review in 2019 to trigger VFMVN30 ETF rebalancing: We expect heavy net buying of TCB
- Ho Chi Minh City Stock Exchange (HOSE) will announce the results of a rebalancing of the VN30-Index on the next Monday (January 21st, 2019). This will officially take effect from the first Monday of February (February 4th, 2019). Following this, the VFMVN30 (E1VFVN30 – HOSE) ETF, which tracks the VN30-Index and has a total net asset value of VND4,162bn, would need to be rebalanced to match the newly structured VN30-Index. We envision two rebalancing scenarios, both of which imply strong buying of TCB.
Please follow this link for the full report
You Might Be Interested
Strategy Note
26
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…
Strategy Note
82
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…
Strategy Note
58
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…