Analysis Center
07
August
Securities – Note – [NONRATED] – Strong 2Q25 earnings driven by a robust market
2Q25 total operating income increased 23.3% yoy, +34.7% qoq driven by rising investment income (+39.9% yoy, +42.9% qoq) and lending income (+24.3% yoy, +12.1% qoq). Margin loan balance hit the...
07
August
Jul 2025: Lower issuances, higher maturity pressure
In Jul 2025 the total bond issuance dropped to VND43,303bn (Fig. 1), +6% yoy and -65% mom Corporate bond maturities in August are projected to reach VND35,752bn, +433% yoy
07
August
PLX – Earnings review – [BUY] – 2Q25: Foreign trading saved the day
PLX’s 2Q25 consolidated revenue grew 5% yoy to VND77.1tn (119% of our forecast). Gross profit surprisingly grew 11% yoy to VND5.1tn (156% of our forecast), with gross margin expanding to...
07
August
Derivatives: New high formed
Given the current signals, the contract continues to maintain its upward trend. Therefore, traders may consider reopening long positions.
07
August
Market commentary: Forming a new peak
The market continued to form new peaks, signaling a sustained uptrend. However, liquidity showed signs of cooling, indicating that caution remained in investor sentiment. In this context, investors may consider...
06
August
Stable domestic growth amid early signs of export deceleration
Vietnam’s July economic report paints a mixed but overall encouraging picture. Export growth, particularly for sea-shipped goods, showed slowdown, and FDI inflows reflected increased investor caution amid ongoing tariff uncertainty....
06
August
Market traders: Liquidity extended to new peaks
By investor group, both domestic individuals and domestic institutions recorded a sharp surge in trading activity, rising 34.4% and 39.4% respectively compared to the prior week.
06
August
Derivatives: Profit-taking pressure
Given the current signals, the contract continues to maintain its upward trend. Therefore, traders may consider reopening long positions.
06
August
Market commentary: Extending the uptrend
The market experienced intraday swings as the index approached new highs, but persistent buying demand helped it regain positive territory by the close. Meanwhile, improving liquidity signaled that the uptrend...
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
