Analysis Center
04
February
Market commentary: Demand returns
The market is currently receiving support from the 50-period moving average, as buying interest appears to be returning around this level. However, short-term downside risks remain, as the market has...
03
February
POW – Earning Review – [HOLD] – 4Q25 – Profit growth mainly reflects a low base
In 4Q25, revenue reached VND8,747bn (+1% yoy, equivalent to 95% of KIS’s forecast, figure 1), supported by a 25% yoy increase in total power production (Qc). Growth was mainly driven...
03
February
Market traders: Liquidity continued to decline
By investor group, both domestic individuals and domestic institutions decreased, with declines of 13.3% and 14.7%, respectively, compared to the previous week.
03
February
Market commentary: Selling pressure in Vingroup stocks
Although short-term downside risks remain, the index continued to close above its 50-day and 100-day moving averages, indicating that the medium-term trend has not been broken and the market is...
03
February
Derivatives: Demand at Lower Price Zones
The downward trend receives confirmation in the short term. Therefore, traders may consider opening short positions and taking advantage of recovery waves to maximize profits.
02
February
GAS – Earnings Review – [HOLD] – 4Q25: NPAT pressured by bad debt provision
GAS recorded 4Q25 revenue of VND43.7tn (+75% yoy, +22% qoq, ~97% of KIS’s forecast), driven by robust growth in international LPG trading activities and higher LNG volume for power generation....
02
February
SBV shifts to net injection
This week, the SBV returned to a net liquidity injection stance after three consecutive weeks of withdrawing funds from the system. On the interbank market rates continued to trend upward...
02
February
Covered warrant: Liquidity increased again
During the past week, liquidity in the covered warrant market edged up slightly, while the number of advancing covered warrants continued to dominate. This development suggests that capital is cautiously...
02
February
Derivatives: Declining liquidity
Although the market maintains upward momentum, a downward trend has been confirmed in the short term. Therefore, traders may consider opening short positions and capitalizing on recovery bounces to maximize...
Featured Analysis
Market commentary: Maintaining positive territory
Derivatives: Awaiting a breakout signal
Market commentary: Maintaining positive territory
Derivatives: Selling pressure at higher price levels
Market commentary: Green returns
Covered warrant: Sharp decline in liquidity
Feb 2026: High issuances on few issuers
