Weekly Report

[Market Commentary] Equities witnessed a sharp correction on both exchanges, with broad-based selling across the major blue chips [Futures/ETFs] Futures contracts all fell sharply today in line with the selloff in the VN30 index [Market Movers] Vinamilk (VNM) Bank for Investment & Development of Vietnam (BID) [Macro/Strategy] November PMI [Equity] Binh Son Refining & Petrochemical (BSR) [KBSV Model Portfolio] PC1, MSN, FPT, REE, MWG, NLG, PVS, GMD, MBB.

Investors are recommended to balance the proportion if the market rebounds to the nearest resistance level at 990-995. The re-opening/ increasing short-term position can be considered in case of the market falling to the support area.

Investors are recommended to open a part of short-term positions in the mentioned support area.

Investors are recommended to open part of the short-term position for stocks that have not increased much, and are moving around the support areas at corrections of the market. However, at the same time, it is necessary to flexibly take profit for stocks that gained significantly and quickly when VNINDEX moved far into the strong resistance.

Investors are recommended to avoid buying quickly at high prices, and only buy in correction sessions, when the target price fall back to support levels. When the indices reach the above resistance areas, take profit action needed.

Investors are recommended to only make buying orders at low prices during the correction span of the target stocks, to raise the portfolio proportion to the noticeable support areas; and avoid pushing the proportion to a high level too soon. Even in a positive case, VN-Index can successfully break out of the sideways band, the market will still see a correction soon, making the accumulation stocks safer.

After selling to reduce the proportion in the previous span, investors are recommended to consider reopening part of the short-term positions when the market corrects to the mentioned support area.

Investors are recommended to reduce the proportion of short-term positions in case the market can recover according to the above positive case. They should only open new positions and raise stock proportion when the market corrects to around the mentioned strong support level.

Investors are recommended to reopen a part of the positions and gradually increase their stock proportion when the market corrects to around the mentioned strong support area.

In the scenario that VN Index overcomes the resistance, investors are recommended to wait for short corrections, around the close support area of the target stocks to accumulate and gradually increase their holding proportion.