Analysis Center
27
January
Derivatives: Sell signal?
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.
27
January
Market commentary: Selling pressure remains
The market posted a sharp decline accompanied by higher liquidity, indicating that selling pressure is dominating. Moreover, the index closing below the 10-day and 20-day moving averages suggests that short-term...
26
January
PVB – Brief – [NONRATED] – 4Q25: Conservative NPAT recognition, exceeding full-year plan
4Q25 is another busy quarter, NPAT recognition remained conservative in our view 4Q25 revenue reached VND222bn (+294% yoy, -16% qoq), driven by full-capacity operations amid a sizable backlog from previously...
26
January
SBV mantains to net withdrawal
In the fourth week of 2026, the SBV continued to withdraw liquidity from the banking system, primarily by allowing previously injected repo contracts to mature, thereby reducing outstanding balances. Specifically...
26
January
Covered warrant: Cautious sentiment
Although liquidity in the covered warrant market declined slightly during the week, the number of advancing warrants continued to dominate. This development suggests that capital flows became more selective, concentrating...
26
January
Derivatives: Return of selling pressure?
The signals lack consistency; therefore, traders need to monitor additional signals to confirm the trend and exercise caution with further observation before reopening positions.
26
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...
26
January
Chart of the day: Awaiting breakout signals
The market shows accumulation. A breakout signal proves necessary to confirm the upcoming upward trend. Therefore, investors should exercise caution and observe additional trend confirmation signals before opening new positions.
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...




