Foreign Investors Still Withdrew Their Capital from the Foreign ETFs in 2017

Today is the last reconstitution day of the two foreign ETFs in 2017. Except the VNIndex going down, there was almost no significant impact on the market. The VNIndex conly decreased slightly. Though liquidity during ATC session surged strongly as usual, this level is not rare in 2017.

Will The Rubber Tire Industry Recover?

The current trend and forecasts of rubber price are affecting positively the tire manufacturers; therefore, we expect that the GPM of these companies would recover in the fourth quarter of 2017.

How do the P/E Change After Stock Markets Re-classified From Frontier to Emerging Status?

In recent AP questioning about the current P/E of the VNIndex, the author used to conclude:

“Back to the current question whether the VNIndex is overpriced or not, according to the writer, the answer is yes if we compare to other markets. However, the next big and important factor that can help make the current relatively expensive PE look more reasonable is that the market got promoted to the emerging market status.”

GDT – Company visit update

Duc Thanh Wood Processing JSC (HSX: GDT) specializes in household wood products. In particular, GDT brand is well known for its wood made kitchen utensils (such as chop board, water trays and hangers). By choosing this niche market, the company has created a unique competitive advantage and avoided confronting large-scale FDI enterprises. On the other hand, the stable price of rubber wood in recent years has helped the firm generate an attractive gross margin at 30%.

DIG – New Growth Cycle Stage

Currently, total DIG’s land bank is around 3,100 ha across many tier-2 provinces and cities in Vietnam such as Vung Tau, Dong Nai, Kien Giang, Vinh Phuc, and Ha Nam. The projects have a big scale in land area for developing mix-used residential urban area.

Overview about stem cell market in Vietnam

The development of modern medicine has brought new medical technology into practice. While contemporary medicine uses forced treatments, regenerative medicine encourages human body to repair, replace and recover by itself. Stem cell technology is a new kind of treatment that has huge potentials. However, in Vietnam, this technology still has two major limitations: the lack of stem cell supply and cost of stem cell therapies, which remain expensive with respect to the average income.

PVOil - The Second Biggest Player In Petroleum Distribution Market

PetroVietnam Oil Corporation (PVOil) has held a meeting to introduce the investment opportunities. RongViet Research would like to provide some key points.

DCM – Important Notes of Analyst Meeting

Yesterday (December 05), PetroVietnam Camau Fertilizer JSC (HSX:DCM) shared some updated information related to topics that investors are interested in, including the gas purchasing price policy, the new NPK-fertilizer project, and the divestment progress by PVN – its parent company.

VGC Result Update – Company Report Release on 05/12/2017

RongViet Research has just released Q3 2017 Result Update Report on VGC Corporation JSC (HNX:VGC) with the following overview and recommendation:

We remain optimistic on our view on VGC’s business based on its new investments in the coming years and stable cash flow from industrial parks. The new investment projects in diversified segments not only adds more capacity to the company’s growth, but also upgrades the product positioning and captures new market share. Two key projects, namely the expanded Yen Phong in Bac Ninh and Dong Van IV in Ha Nam, will be the most potential industrial parks with strategic location and convenient traffic. Furthermore, the State’s divestments may be a catalyst for VGC’s stock price in next period.

QNS Result Update – Company Report Release on 05/12/2017

We keep a BUY rating for this stock. But the target price is adjusted to drop to VND74,200 per share compared to the most recent report due to negative business results in 2017 and low projected growth rate in the soymilk segment. Including cash dividend of VND3,000 per share, the total return is estimated at 34%.

Looking At Banking Stocks’ Price Performance

Thanks to the contribution of some leading stocks, the VNIndex increased about 45% in the first 11 months of 2017. Along with the strong increase of VNIndex, the banking sector also attracted the market’s attention. As the industry index also grew about 47% YTD, most banking stocks increased.