Analysis Center
13
August
Banking – Note – [NEUTRAL] – Moving towards sustainable growth
Aggregated 2Q25 PBT (27 listed banks) surged +17.6%yoy. The business results resulted from 1) robust credit growth, 2) a surge in investment activities, 3) higher other incomes, and 4) controllable...
13
August
Aviation – Note – [NONRATED] – Airlines took spotlight
Vietnam’s aviation sector saw strong 2Q25 growth across airports, airlines, and aviation services, driven by domestic recovery, surging China-related travel, and lower fuel costs. With expanded visa exemptions, government events,...
13
August
Derivatives: Uptrend maintained
The continued drop in liquidity suggests a potential technical correction. Therefore, traders should exercise caution and consider closing long positions if negative signals emerge in the upcoming session.
13
August
Market commentary: Above 1,600 points
The market continued to form a new high base, indicating that the uptrend remains dominant. In addition, capital inflows spread widely across sectors, and market breadth stayed positive, suggesting stable...
12
August
Market traders: Strong capital outflows from proprietary and foreign
By investor group, both domestic individuals and domestic institutions continued to surge, rising 47.1% and 52.4% respectively compared to the prior week.
12
August
Derivatives: Declining liquidity
Low liquidity reflects a cautious market sentiment. Therefore, traders should closely monitor market movements and wait for an appropriate entry point.
12
August
Market commentary: Green returns
The market maintained its upward pace with the sixth consecutive gaining session. Furthermore, although liquidity cooled slightly, the uptrend remains intact as the index continues to set new highs. Therefore,...
11
August
VNM – Brief – [HOLD] – Gradually improved
In 2Q25, VNM’s revenue rose to VND16.7tn (+0.4% yoy) and NPAT decreased to VND2.5tn (-7.6% yoy). In 2H25m we expect VNM business results to be better than 1H25 with (1)...
11
August
Covered warrant: Liquidity hit a record high
Over the past week, market liquidity continued to surge, setting a new peak. Additionally, the dominance of rising covered warrants reflects investor optimism toward the underlying market’s upward potential. According...
Featured Analysis
Derivatives: Bullish Engulfing pattern
Market commentary: Bulltrap?
HPG – Brief – [NONRATED] – Sustain a growth trend
Market traders: Capital outflow pressure persists
Derivatives: End-of-session selling pressure
Market commentary: Market reversal
GMD – Brief – [NONRATED] – Rising expenses eroded profits
