Weekly Report

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.

Asian stock markets skyrocketed in Wednesday session/ Investors are advised not to buy stocks at high prices, and should only buy at low prices with trading positions mentioned in previous daily notes.

Global stock markets simultaneously cheered the positive data from the US economy/ Investors are recommended to make use of intraday upswings to reduce the short-term portfolio to a safe level.

Liquidity in the banking system was tightening again in the trading week from March 25 to March 29/ PMI in March reached 51.9 points, stayed above 50 points in 40 consectutive months./ Investors are recommended to apply sell-before-buy strategy for this proportion.