Analysis Center
07
July
Growth navigates new uncertainties
Vietnam's macro picture in June presented a nuanced story. On the external front, IIP persisted, but PMI softened from fewer new orders. This divergence suggests IIP's strength was largely due...
07
July
Market commentary: Late-session demand momentum
The strong demand toward the end of the session supported the index's upward movement. Furthermore, the prevailing uptrend remains intact as the index continues to break through resistance levels, heading...
07
July
Derivatives: Continued consolidation
The contract requires additional confirmation signals to validate a short-term uptrend as it remains in a consolidation phase. Investors may continue to monitor the market and wait for appropriate signals...
07
July
Chart of the day: New high formed
The breakout signal from last week had low reliability as trading volume did not show a clear surge. Therefore, investors should wait for a confirmed breakout before increasing equity exposure.
07
July
Textile & Garment – In-depth – [NEUTRAL] – 2H25 Outlook: “Tariffs” pose major headwinds
The prospects of T&G sector become more uncertain in 2H25F onwards. As we observe the US market (the largest markets of Vietnamese T&G exports) which will likely face to notable...
07
July
Seafood – In-depth – [NEUTRAL] – 2H25 Outlook: Turning cautious amid reciprocal tariffs
Pangasius export - 2H25F outlook: In the US market, the demand for pangasius could be dampened by (1) More competitive environment, (2) Potential facing to weaker consumption as macroeconomic headwinds....
04
July
Power – In-depth – [NEUTRAL] – 2H25 Outlook: The dawn of green energy
Based on the growth rates in 1Q25 and 2024, we estimate national power consumption in 2H25F under two scenarios: Scenario 1 (+3.9% yoy) & Scenario 2 (+8% yoy). Hydropower: 2H25F:...
04
July
Oil & Gas – In-depth – [NEUTRAL] – 2H25 Outlook: Tailwinds at home, headwinds abroad
Natural gas: Natural gas (include LNG) is expected to grow by 11% in 2H25F mainly thanks to the commercial operations of Nhon Trach 3 (from Sept) and Nhon Trach 4...
04
July
Retail – In-depth – [NONRATED] – 2H25F Outlook: Better or worsen depends on macro conditions
In 2H25F, we think that the business results of retailers would depend on macro-economic conditions. In which, ICT-CE and Jewelry retail might grow slow compared to 1H25 due to the...
Featured Analysis
Market commentary: Selling pressure returns
Derivatives: Island Reversal pattern
Market commentary: Sustained demand
Derivatives: A bull trap?
Market commentary: Demand returns
Covered warrant: Cautious sentiment
Derivatives: Bearish sentiment
