Analysis Center
20
November
Derivatives: Downtrend returns
Although accumulation appears on the hourly chart with the formation of a rectangle pattern, the downtrend remains dominant on the daily chart, indicating a high probability that the contract will...
20
November
Market commentary: Low liquidity
The market recorded four consecutive declines, invalidating the previous Spinning Top candle, signaling the continuation of a bearish trend. Investors are advised to observe and await clearer reversal signals from...
19
November
VCB – Earnings review – [BUY] – Maintaining asset quality
3Q24 PBT rallied +18.2% yoy/+5.8%qoq to VND10.7tn thanks to (1) maintained operating incomes (+6.7%yoy/+0.5%qoq) and (2) a decrease in provision risk expenses (-78.2% yoy/ -78.5%qoq). Accumulated 9M24 PBT posted VND31.5tn,...
19
November
Covered warrant: Negative movements
In the previous week, despite the improvement in volume, declining CWs remained dominant. We believe now is not the optimal time for investors to allocate cash to this market. Therefore,...
19
November
Derivatives: Spinning top
Although the market shows some positive signals of a potential trend reversal, additional candlesticks are needed to confirm the recovery trend. Therefore, investors should cautiously monitor upcoming market developments to...
19
November
Market commentary: Demand returns
With the appearance of the Spinning top candlestick, the market shows a positive signal about a reversal in trend. However, it needs more confirming candlesticks afterwards to assert that the...
18
November
SBV continues its liquidity injections
This week, the SBV continued to significantly issue repo contracts as liquidity issues remain unresolved in the banking system. Specifically, interbank rates continued to climb across all tenors, with overnight...
18
November
Market Trader: Liquidity rises again
Proprietary trading desks recorded their 7th consecutive week of net buying, with a net purchase value of VND919bn, more than tripling compared to the previous week. Over the past seven...
18
November
POW – Brief – [HOLD] – Positive information for NT3&4 and 2025 prospects
On 15th, we attended POW’s analyst meeting. Here are some notable highlights: (1) POW recorded October revenue at VND2,261bn (+4% yoy), supported by a 13% yoy rise in production output,...
Featured Analysis
Market commentary: Late-session selling pressure
Derivatives: Sustained upward momentum
Market commentary: Extending the upward momentum
Derivatives: Uptrend confirmation
Market commentary: Maintaining the upward momentum
The Dawn of National Rise
Market traders: Liquidity declines due to the holiday
