Daily Highlight – August 24, 2016 – Vn-Index +1.61 points [660.77]

24/08/2016 16:13

Loại báo cáo: Báo cáo Asean Securities
Nguồn báo cáo: Công ty cổ phần chứng khoán Đông Nam Á
CORPORATE NEWS
BFC: Payment of bonus shares at the ratio of 5:1
SDC: Payment of cash dividend at the rate of 10%
VMI: Payment of cash dividend at the rate of 5%
CTT: Payment of cash dividend at the rate of 8%

VIETNAM MACROECONOMIC NEWS
Hanoi’s CPI falls slightly in August
VAMC can meet debt recovery target this year
August 24: The central rate of VND/USD is VND 21,884 per US dollar, down VND2 from yesterday
August 24: The buying and selling prices of SJC gold touched VND36,52 million and VND36,59 million, respectively

INTERNATIONAL NEWS
August 23: The Dow industrials rose 0.1 percent, to 18,547.3
August 23: U.S. crude oil fell 1.5 percent, to settle at $48.10

FOREIGNER TRADING STATISTICS
Today, foreigners were net-sellers for VND93.99 billion on both HOSE and HNX. On HOSE, foreign investors net sold VND98.81 billion. On HNX, foreign investors registered their net-buying status for VND4.8 billion. Foreigners’ top buying shares on HNX were TIG (216,000 shares), PVS (210,400 shares), BVS (94,300 shares), VKC (56,400 shares) and KDM (40,000 shares). Foreigners’ top selling on HNX shares were PVS (396,300 shares), VNR (45,000 shares), HKB (26,000 shares), BCC (20,000 shares) and CTA (10,000 shares).

TECHNICAL ANALYSIS
Analysis: Based on the moving of technical indicators, we believe that Vn-Index will test the nearest resistance range 680 – 700.
Recommendation:
In a negative scenario, when the index may correct, the nearest support range of Vn-Index is forecast at 640 – 660, 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 680 – 700, where traders can sell a part of the existing short-term portfolio.
Based on Kelly formula, the recommended proportion of the portfolio is 30% cash/ 70% stocks.

INDUSTRY PERFORMANCE
Real estate [-0.04%], Rubber [-0.19%], Securities [+0.07%], Technology [+0.70%], Oil & Gas [-0.45%], Services [-0.09%], Pharmaceuticals [+0.04%], Building Materials [+0.05%],…

Please see the attached file for more details.