Traded below the MA(200)

Transcription

1 Millions XIN CHAO VIETNAM 27-Jun Jun 1M (%) 3M (%) VN % -17.3% Turnover 5,911 (VNDbn) Foreign Net Buy 2,223 (VNDbn) Source: Bloomberg 1,400 1,200 1, VN 1Y Movement /17 09/17 12/17 03/18 Fixed-Income and Commodity Source: Bloomberg 27-Jun 1M 3M 1Y G-bond yield 2.283% 2.325% 2.278% Traded below the MA(200) VN- recorded a loss of 1.44% to close at and below the MA(200). Price fluctuated back and forth in the morning. Selling pressure was intensified in the afternoon session, pushing the indices down markedly. Order-matching volume increased slightly to 126 million shares in context of a declining day. Noticeably, YEG(YEAH1) saw big put-through transactions worth VND 2,356bn. Banking and Material were among the worst sectors today. VCB, CTG, BID, TCB and VPB all closed in red. In addition, HPG, MSN, PNJ, MWG, SSI, etc also lost above 3%. Among the constituents of the VN30-, CTD, VIC and NVL were few names going against the broad market. Meanwhile, KDC also rose thanks to strong foreign inflow for the second day in a row. Foreign investors bought a net of VND2,223bn on HSX, most of which came from YEG put-through transactions of VND 2,356bn. Excluding YEG s case, foreign investors still withdrew money away from HSX slightly. 3Y G-bond yield 3.053% 3.113% 2.678% 10Y G-bond yield 4.850% 4.618% 4.188% WTI ($/bbl) Gold ($/oz) 1,258 1,302 1,345 Corp.Earnings Forecast by KISVN Source: Bloomberg 2017 TTM 2018E 2019E Earning Growth (%) 25.6% 26.4% 17.8% 15.5% PER Forward (x) VN Trading Map HPG VCB VIC VCG VJC DL1 ACB VGC VCS HDB VCI Mr. Phat Pham (+84 8) Ext: 1468 Phat.pt@kisvn.vn IMP FPT NVL GAS BID MBB VRE CTG VNM SSI PTB TCH TLG VHM MSN TCB DIG DXG PVT AST KDH PHP PLXSTB VPB DTL FRT 0-10% -8% -6% -4% -2% 0% 2% 4% 6% 8% -20 Note: Vertical axis traded value (VND billion), horizontal axis price change Page 1

2 Technical View VN- Support 1: Resistance 1: Support 2: Resistance 2: 1,040-1,045 Short-term Technical View (20 days) - VN- The VN- declined and broke below the short-term trendline support around 970 points. This shown the seller was dominant versus buyer today. Order matching volume increased slightly to 126 million shares, a low level showing cautious market sentiment. On short-term basis (20 days), the trend of the VN- is not clear yet as price still struck in consolidation zone with resistance around points. If price broke out the zone with increasing volume, the rally is expected to head up to 1,040-1,045. On the contrary, if price reversed with increasing volume, VN- could retest the swing low. Today break of the short-term trendline support is alert signal that correction is resuming. In the meantime, the technical indicator is neutral. The MACD is flat below the Signal Line while RSI also whimpsawed around its MA(10). Action The VN- had broken below the trendline support which open door to more correction. Investor should avoid trading with margin as wel as be await for price to retest the support before entering again. 27/06/2018 Page 2

3 Stock Pick Ticker Entry (VNDk) Target (VNDk) Stop-loss (VNDk) Invest Horizon Mkt Price (VNDk) Profit/Loss Date Note CTD month % 30/05/2018 Hold. Next price target is 173k NT month % 15/06/2018 Hold 27/06/2018 Page 3

4 Market Statistics HO CHI MINH STOCK EXCHANGE Change Change % Gain/Loss Statistics VN % Gainers 113 Trading Vol. ('000 shares) 179,449 14, % Losers 151 Trading Val. (VNDbn) 5,911 2, % Unchanged 96 Top 5 Leaders Top 5 Laggards Top Most Liquid (Order Matching) Ticker Price Change Impact Ticker Price Change Impact Ticker Price Volume Value VND VND Point VND VND Point VND mn. shares VNDbn VIC 125,200 1, VHM 110,000-5, VCB 58, YEG 321,000 21, VCB 58,000-1, VIC 125, GAS 90, CTG 25,000-1, HPG 39, KDC 34, BID 26,800-1, VPB 30, EIB 14, HPG 39,500-1, FLC 5, Top 5 Advancing Industry Top 5 Declining Industry Industry Change Impact Industry Change Impact % Point % Point Other 3.5% 0.18 Financials -2.4% Utilities 0.1% 0.08 Materials -2.3% Consumer Discretionary -1.8% Real Estate -1.2% Industrials -1.0% HA NOI STOCK EXCHANGE Change Change % Gain/Loss Statistics HNX % Gainers 83 Trading Vol. ('000 shares) 34,051 8, % Losers 72 Trading Val. (VNDbn) % Unchanged 221 Top 5 Leaders Top 5 Laggards Top Most Liquid (Order Matching) Ticker Price Change Impact Ticker Price Change Impact Ticker Price Volume Value VND VND Point VND VND Point VND mn. shares VNDbn VGC 23,800 1, ACB 37,500-1, PVS 17, PVS 17, SHB 8, ACB 37, PTI 21,700 1, SHN 9, VGC 23, DBC 21, DNP 24,200-1, SHB 8, VNT 32,500 2, SHS 14, SHS 14, Top 5 Advancing Industry Industry Change Top 5 Declining Industry Impact Industry Change Impact % Point % Point Other 174.3% 0.01 Information Technology -2.7% Consumer Staples 20.1% 0.05 Financials -1.9% Utilities 14.9% Consumer Discretionary 5.9% Energy 4.2% /06/2018 Page 4

5 Foreign Activities HOSE HNX Top 5 Active by Foreigners (Buy) Top 5 Active by Foreigners (Buy) Ticker Price Buy Value Sell value Net Value Ticker Price Buy Value Sell value Net Value VND VNDbn VNDbn VNDbn VND VNDbn VNDbn VNDbn YEG 321,000 2, ,356.5 DL1 37, CTD 156, PVS 17, GAS 90, CEO 13, DXG 28, NSH 10, KDC 34, VCG 16, Top 5 Active by Foreigners (Sell) Top 5 Active by Foreigners (Sell) Ticker Price Buy Value Sell value Net Value Ticker Price Buy Value Sell value Net Value VND VNDbn VNDbn VNDbn VND VNDbn VNDbn VNDbn HNG 9, VGC 23, VIC 125, VNT 32, VHM 110, PLC 15, DIG 19, WCS 130, MSN 81, PTI 21, (VNDbn) Sell Buy Net buy Foreign activities 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5, ,000-10,000-15,000 27/06/2018 Page 5

6 Event Calendar Ex-right date Ticker Exchange Right 28/06/2018 GAS HSX 2017 third cash payment (VND2.000/share) 28/06/2018 APP HNX Cash dividend (300đ/share) 28/06/2018 TSG Upcom Cash dividend (1.100đ/share) 28/06/2018 TLH HSX 2017 dividend (tỷ lệ 10:1) 28/06/2018 ADP Upcom Cash dividend (600đ/share) 28/06/2018 S55 HNX Cash dividend (500đ/share) 28/06/2018 PXI HSX 2018 AGM 28/06/2018 TRS Upcom Cash dividend (3.000 đ/share) 28/06/2018 CKD Upcom Cash dividend (2.000 đ/share) 29/06/2018 TNP Upcom Cash dividend (800đ/share) 29/06/2018 SAB HSX 2018 AGM 29/06/2018 NHT Upcom EGM 29/06/2018 IVS HNX 2018 EMG 29/06/2018 BHK Upcom Cash dividend (VND1.200/share) 29/06/2018 MHC HSX 2017 and 2016 cash dividend (VND500/share), stock dividend (Ratio 100:15) 29/06/2018 VJC HSX 2017 stock dividend (ratio 100:20) 27/06/2018 Page 6

7 Contacts: HCM City Head Office Level 3, Maritime Bank Tower Nguyen Cong Tru St., District 1, HCM City Tel: (+84 28) Fax: (+84 28) Hanoi Branch Level 6, CTM Tower 299 Cau Giay, Cau Giay District, Hanoi Tel: (+84 4) Fax: (+84 4) Institutional Sales Ms. Uyen Lam Head of Institutional Sales (+84 28) (x1444)

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