Daily Highlight – August 05, 2016 – Vn-Index -4.55 points [627.39]

05/08/2016 15:19

Loại báo cáo: Báo cáo Asean Securities
Nguồn báo cáo: Công ty cổ phần chứng khoán Đông Nam Á
CORPORATE NEWS
MWG: In 6 months, EAT reached VND835 billion, up 93% over the same period
ACB: In 6 months, EAT reached VND663 billion, up 16% over the same period
BIC: In 6 months, EAT reached VND74 billion, up 28.5% over the same period
HDG: Q2/2016, EAT reached VND36 billion, up 2.7 times over the same period

VIETNAM MACROECONOMIC NEWS
Tax incentives to help firms beat difficulties
The State Bank of Vietnam: Bad debts remain below 3% target
August 05: The central rate of VND/USD is VND 21,828 per US dollar, down VND5 from yesterday
August 05: The buying and selling prices of SJC gold touched VND36,70 million and VND36,95 million, respectively

INTERNATIONAL NEWS
August 04: The Dow industrials fell 0.02 percent, to 18,352.05
August 04: U.S. crude oil rose 2.69 percent, to settle at $41,93

FOREIGNER TRADING STATISTICS
Today, foreigners were net-buyers for VND11.73 billion on both HOSE and HNX. On HOSE, foreign investors net sold VND15.15 billion. On HNX, foreign investors registered their net-buying status for VND26.9 billion. Foreigners’ top buying shares on HNX were PVS (840.000 shares), PGT (157.600 shares), VND (126.600 shares), BVS (110.700 shares) and VNR (89.300 shares). Foreigners’ top selling on HNX shares were AAA (120.500 shares), DXP (20.800 shares), VNR (10.000 shares), PGT (9.900 shares) and DAD (7.000 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 [-4.25%], Rubber [-0.91%], Securities [-0.88%], Technology [+0.41%], Oil & Gas [-0.21%], Services [+0.11%], Pharmaceuticals [-0.85%],…

Please see the attached file for more details.