Daily Highlight – August 02, 2016 – Vn-Index -12.33 points [636.05]

02/08/2016 17:13

Loại báo cáo: Báo cáo Asean Securities
Nguồn báo cáo: Công ty cổ phần chứng khoán Đông Nam Á
CORPORATE NEWS
VNM: Q2, Profit reached VND2,824 billion, up 29.19% over the same period
CII: Q2/2016, Profit reached VND139 billion, down 62% over the same period
EVE: Q2/2016, Profit reached VND27 billion, down 18,7% over the same period
HQC: Q2/2016, Profit reached VND15 billion, down 24%  over the same period

VIETNAM MACROECONOMIC NEWS
Foreign investors pour $57 million into VN stock market in July
In the first six months of this year, the State Treasury raised over VND182.27 trillion from debt sales
August 02: The central rate of VND/USD is VND 21,845 per US dollar, down VND8 from yesterday
August 02: The buying and selling prices of SJC gold touched VND36.62 million and VND36.70 million, respectively

INTERNATIONAL NEWS
August 01: The Dow industrials fell 0.13 percent, to 18,432.24
August 01: U.S. crude oil fell 3.7 percent, to settle at $40,06

FOREIGNER TRADING STATISTICS
Today, foreigners were net-buyers for VND70,01 billion on both HOSE and HNX. On HOSE, foreign investors net bought VND37.88 billion. On HNX, foreign investors registered their net-buying status for VND32.1 billion. Foreigners’ top buying shares on HNX were PVS (1.408.300 shares), SCR (1.000.200 shares), VIX (395.600 shares), PLC (220.200 shares) and VND (166.400 shares). Foreigners’ top selling on HNX shares were PVS (540.000 shares), HUT (536.400 shares), PLC (229.430 shares), VNR (105.000 shares) and AAA (50.200 shares).

TECHNICAL ANALYSIS
Analysis: Based on the moving of technical indicators, we believe that Vn-Index will test the nearest support range 600 – 620.
Recommendation:
In a negative scenario, when the index may correct, the nearest support range of Vn-Index is forecast at 600 – 620, where traders can take T+ buying for the short-term position.
In a positive scenario, when the index may rebound, the nearest resistance range of Vn-Index is forecast at 640 – 660, where traders can sell a part of the existing short-term portfolio.
Based on Kelly formula, the recommended proportion of the portfolio is 90% cash/ 10% stocks.

INDUSTRY PERFORMANCE
Real estate [-1.03%], Rubber [-1.03%], Securities [-2.34%], Technology [-0.88%], Oil & Gas [-2.80%], Services [0.45%], Pharmaceuticals [-1.90%], Building Materials [-1.96%],…

Please see the attached file for more details.