Analysis Center
23
January
TCB – Earnings review- [HOLD]- Diversified lending book
4Q25 PBT continued to improve quarterly + 10.9%qoq and +94.9%yoy to VND9,153bn, thanks to strong growth of operating incomes (+54.8%yoy/3.9%qoq) and controlled operating expenses. The cumulative number, 2025 PBT, rose...
23
January
QTP – Earnings review – [BUY] – 4Q25: One-off income lifts earnings sharply
In 4Q25, QTP’s revenue reached VND2,953bn, up 2% yoy, mainly driven by (i) the recognition of VND663bn in foreign exchange income and (ii) an estimated 15% yoy increase in production,...
23
January
Derivatives: A cautious stance
Despite multiple positive signals, investors need to monitor additional signals to confirm the trend. Therefore, traders should exercise caution and observe further signals before reopening positions.
23
January
Market commentary: Late-session selling pressure
The market ended lower alongside a decline in liquidity, implying that selling pressure was not overly strong and that cash flow remains cautious. This development indicates that the market has...
22
January
Derivatives: Testing the 10-Period Moving Average
Despite many positive signals, investors still need to monitor additional signals to confirm the trend. Therefore, traders need to exercise caution and observe more signals before reopening positions.
22
January
Market commentary: Market volatility
The market continued to undergo a corrective phase amid rising liquidity, indicating that cautious sentiment among investors remains evident. This development reflects a relatively clear tug-of-war between buyers and sellers...
21
January
Derivatives: Awaiting breakout signal
Despite multiple positive signals, investors still need to monitor additional signals to confirm the trend. Therefore, traders should exercise caution and observe further signals before reopening positions.
21
January
Market commentary: Divergence market
The market recorded a pullback amid rising liquidity. However, the index continued to close above most key moving averages, indicating that the medium-term trend remains intact. Therefore, investors are advised...
20
January
Market traders: Liquidity continues to increase
By investor group, both domestic individuals and domestic institutions rose in tandem, rising by 33.3% and 21.0% WoW, respectively.
Featured Analysis
QTP – Earnings review – [BUY] – 4Q25: One-off income lifts earnings sharply
Derivatives: A cautious stance
Market commentary: Late-session selling pressure
Derivatives: Testing the 10-Period Moving Average
Market commentary: Market volatility
Derivatives: Awaiting breakout signal
Market commentary: Divergence market
