Analysis Center
26
July
TCB – Earnings review- [HOLD]- Quarterly turnaround
2Q25 PBT improved quarterly + 9.2%qoq and stayed flat +0.9%yoy to VND7,899bn. Cost management offset the lower operating incomes. The accumulative number, 1H25 PBT, declined by -3.2%yoy to VND15,135bn, completing...
25
July
NT2 – Earnings review – [HOLD] – 2Q25: Strong bottom-line expansion
In 2Q25, NT2's revenue was recorded at VND2,081bn, down 5% yoy. The key growth drivers were: (1) A significant improvement in output, And (2) the average electricity price in 2Q25...
25
July
Derivatives: A return to the uptrend?
The risk of a short-term correction remains present, as the contract has yet to show a clear breakout. Therefore, traders should remain cautious, closely monitor the market, and wait for...
25
July
Market commentary: Extended uptrend
The market continued to establish new highs, reflecting a sustained uptrend, supported by strong capital inflows and positive investor sentiment. Therefore, investors may consider maintaining a high equity weighting in...
24
July
Derivatives: Signs of caution?
Despite the recent pullback, the uptrend remains intact, supported by the previous Bullish Engulfing pattern. Therefore, traders may consider reopening long positions in the upcoming sessions.
24
July
Market commentary: Selling pressure on large-cap stocks
The market’s uptrend remained intact as the index continued to post new highs for the year. Additionally, high liquidity levels reflect investor confidence and broad-based support for the market’s outlook....
23
July
Market commentary: Green returns to the market
The market extended its upward momentum and closed above the key 1,500-point mark, supported by strong capital inflows. This reinforces the existing bullish trend. Therefore, investors may consider maintaining a...
23
July
Derivatives: Bullish Engulfing candlestick
The uptrend has been confirmed with the appearance of a Bullish Engulfing pattern. Therefore, traders may consider reopening long positions in upcoming sessions.
22
July
QTP – Earnings review – [BUY] – 2Q25: NPAT boosted as operational efficiency
In 2Q25, QTP posted revenue of VND2,863bn, down 21% yoy. This decline was mainly attributable to: The average electricity price is estimated to fall 23% yoy to 1,366 VND/kWh. Although...
Featured Analysis
Market commentary: Liquidity declines
Derivatives: Consolidation phase
Market commentary: Maintaining the uptrend
Derivatives: Finding a bottom
Market commentary: Green returned
Market traders: Extend the liquidity uptrend
Derivatives: Downside phase
