Weekly Report

The trade deficit in February in the US hit the 8-month lows/ Investors are recommended to choose correcting sessions to re-open some short-term trading positions

According to the latest report on April 17, the Ministry of Industry and Trade – Ministry of Commerce has decided to raise the price of E5RON92 by VND1.115 to the maximum level of VND19.703 per liter./ Asian stock markets simultaneously rose in April 17 trading session/ Investors are recommended to choose correcting phases during the session to reopen some short-term trading positions sold previously.

Liquidity in the banking system was less abundant in the trading week from April 08 to April 12/ Domestic petrol prices were still under the pressure of going up in the adjustment on April 17/Investors with high risk tolerance can re-open some short-term positions with better-than-average stocks in the diverging market, but should be cautious and prepare backup risk management plans if the VIC performance becomes worse.

Preliminary assessment on the new draft replacing Circular 36/SBV - Investors can apply the 1st sale - buy later strategy for the current positions.

JSC Vincom Retail announced impressive 2018 business results with net profit of VND 2,413 billion, up 19% compared to 2017/ Investors are recommended to avoid chasing at high range in the session, continue to combine short-term trading strategies to sell first to reduce the cost of holding positions in the portfolio.

The new dumping tax on shrimp exports from Vietnam is 0% for 31 companies/ After reducing short-term positions, investors are advised to wait for a plunging session after accumulating stocks again.

PetroVietnam Gas JSC (GAS) held the 2019 annual general meeting today, which has agreed on a dividend payout ratio of 53% (compared to 40% as previously planned)/ Investors are advised to wait for a plunging session after accumulating stocks again.

Liquidity in the banking system cooled down in the trading week from April 01 to April 05/Long-term national credit rating for Vietnam was upgraded from "BB-" to "BB" with "stable" prospects/ Investors are advised not to buy new stocks and make use of intraday upswings to reduce short-term positions that were previously bought.

The US – China trade talks are supposed to achieve a specific result in the next four weeks, stated the US President Donald Trump alongside the meeting with China Vice Premier Liu He/Investors are recommended to only trade with available short-term positions. They should only increase stock proportion when liquidity strongly recovered.

Vietnam economic growth was forecast to reach 6.8% in 2019/ Investors are recommended to only trade with available short-term positions. They should only increase stock proportion when the target index and stocks fall back to the strong support areas.