Analysis Center
23
February
Chart of the day: Reversal signal?
Despite the growth, the VN-Index requires additional signals to confirm the upcoming trend. Therefore, investors need to exercise caution in observing the market and wait for signals before reopening new...
23
February
Market commentary: Divergent movements
The market extended its gains for a third consecutive session, signaling gradual improvement in the short-term trend. However, liquidity remained subdued as this was the final trading session before the...
14
February
Strategic Insight: Attractive market valuation
After a correction period in late January 2026, market valuations became attractive, with approximately 63% of valued stocks trading at undervaluations. Therefore, we believe the market will quickly recover in...
13
February
Jan 2026: The lowest issuances
- In Jan 2025, the total value of bond issuance dropped to VND3,711bn (Fig.1), -33% yoy and -96% mom. - The Banking issued VND2,221bn with -58% yoy and accounting for...
13
February
PHR – Brief – [NONRATED] – NP slides on weak IP and no VSIP III payment
In 4Q25, PHR reported VND499bn net revenue (-19% QoQ, -21% YoY, figure 1). In particular: Rubber: revenue lowered to VND468bn (94% of total revenue, -22% QoQ, -19% YoY) due to...
13
February
Banking – Note – [NEUTRAL] – On target
Aggregated 4Q25 PBT (27 listed banks) surged +19.2% yoy and +11.3% qoq. This strong performance was driven by 1) robust credit growth, 2) recovery of service activities, 3) strong growth...
13
February
Derivatives: Declining liquidity
The signals lack consistency and the Lunar New Year holiday approaches; therefore, caution remains necessary with the current trend. Traders should exercise caution, observe the market, and wait until after...
13
February
Market commentary: Sustained demand
The market marked two consecutive gaining sessions, partially improving short-term technical conditions and trading sentiment. However, with only one trading session remaining before the long Lunar New Year holiday, capital...
12
February
Derivatives: Reversal signal?
Reversal signals appear; however, given the approaching Lunar New Year holiday, caution remains necessary with the current trend. Traders should exercise caution, observe the market, and wait until after the...
Featured Analysis
Market commentary: Selling pressure persists
Chart of the day: Short-term peak
DCM – Brief – [NONRATED] – 1Q26 earnings down, IP gross margin improved
Derivatives: Continue to observe
Market commentary: Low liquidity
DCM – Brief – [NONRATED] – 1Q26: Robust ASPs growth boosted earning
Market commentary: Market reversal
