Waiting for lower test results – VnEconomy



Although the VN-Index has declined at the end of the week, experts are not yet positive, especially in the short term.

To stay outside, to & # 39; Long-term care survey or restructuring portfolio with poor stock view, strategies have been implemented over the last week. Very aware experts are waiting to prove clearer features to determine the old base or to prove that a new and reliable operation is to be done; there. Short-term trading is limited that it is restricted or out of place due to difficult problems.

Crude oil and banking stocks rise significantly over the weekend, with careful careers. It is said that a banking department will change sufficiently and suited to attract monetary monuments, and petroleum resources may only be a technological revival in a short period of time in a medium and long term decline. Generally, experts can not verify whether their bank and oil stocks have broken out.

Cash flow transfer: waiting for test results at a & # 39; bottom - Picture 1.

Nguyen Hoang, The VnEconomy

The market was weaker than last week but the closets left to the # 39; bottom. It is probably the biggest issue now if the market is & # 39; stop at the bottom of October or find a new base. What is your vision, why?

E Nguyen Nhat Cuong, The Deputy Chief of the Research Inspector, Vietinbank Security

In the opinion, this is the third time the VN-Index confirmed the support of 880 points and showed a good revival due to strong cash flow from primary fishing; prevent VN-Index drop. So, I think this level of support of 880 points is very stable.

With the technical features such as the RSI quite close to the area (due to the negative movements of previous sessions) and the Bollinger band gradually declines its output; shows the decline in addition to weight loss on the # 39; market. The school has slowly weakened.

Therefore, the VN Index may go further and break through the 880 support and its output; go to lower levels of support. I am extremely pleased that the VN-Index will vary between 880 and 900 points in the second half of November.

E Tran Huu Phuc, The Head of Department of Brokerage, VCBS Tarantasan

VN-Index Record decreased slightly by week and 900 points lost at weekends. However, the longer view, the index still remains in the move around the 900-point drive, starting in July and October. Cash flow is still sufficiently limited and there is no success in terms of clarity. South Westerly

Although the government has shown its decision on maintaining macroeconomic sustainability in Vietnam in 2019, many market investors are still very careful in money, especially in the "empty" time as it is now. Just over a month to the end in 2018, VN-Index still has a collection around the old source and # 39; possibly creating two trees rising.

However, the current low value value while & # 39; foreigners still have a direct impact on their & # 39; market, so I was sure that two bills could create a ban.

E Nguyen Viet Quang, The Director of Hanoi Branch, Vietnamese Yuanta Securities

I think that a & # 39; The market continues to collect on the old base in July 2018, which has 885 points of the VN-Index. At the same time, in line with the technical short-term indicators, I think the risk will be a If the market comes in the next sessions, the short-term cash flow is still weak if the collection continues. happening

With its average market average last week, only over VND2,000 billion returned after its; recreational business, it was not ready to return to its long & were not sold. until the market continues to collect in the next step.

E Tran Xuan Bach, The Market Strategy Division, Viet Bao Trusts

From my opinion, I'm looking at the situation that the T + sale will be in the & # 39; This is a market before there is a risk of breaking down the October base in the short term.

E Le Hoang Tan, The Saigon Director – MBS Securities

In terms of technical analysis, the market has a test of the original base at 890 points. It is considered to be a strong support level of VN-Index established in October. Technical features show that there is likely to be a & # 39; market outgoing and & # 39; Gathering, in particular Bollinger bands, are available. The signal is reduced, MACD although revitalization is weak but showing a support signal.

So I expect the market to be supported at 890 the next week. In the middle and long term, the market could break up the 890 points upgrade but the decline is not so big, so creating a positive difference and its; going up.

Cash flow transfer: waiting for test results at a & # 39; bottom - Picture 2.

Nguyen Hoang, The VnEconomy

The trading session last week gave some hope to restore bank stocks, oil and gas. Can we expect these stocks to be & # 39; better manage your market, or just a charming bull in the & # 39; What is happening in these two groups?

E Tran Xuan Bach, The Market Strategy Division, Viet Bao Trusts

These are all dominant stocks for their market and have declined dramatically in the past. There were many stock in this group such as VPB, ACB, CTG, PVD, PVS … a & # 39; drop to the area support and technical renewables features last week.

But, in my opinion, the revival of those stocks is likely to be only short-term revival. These stocks have not yet been completed.

E Tran Huu Phuc, The Head of Department of Brokerage, VCBS Tarantasan

Petroleum and banking department are firmly missed. However, in the general situation of its marketplace, an increase in these two divisions has not been spread to general market. It's too early to say that its market will be; get better.

E Le Hoang Tan, The Saigon Director – MBS Securities

I am confident about re-taking the banking stock rather than oil and gas. A comparative report for the first nine months, profit growth in the banking sector of 47%, but prices have fallen almost 50% compared to the highest and lower than the price at the beginning of year, so the ability The revival in this group is clearer than ever.

Although there are some issues in this group, such as rates of interest in & # 39; Competition is strong and bad debt is increasing but a decline of a value greater than 50% is the basis for its & # 39; This group will be brought back short.

Petrol stock has not been significantly changed in terms of constitution, so it is only technical revival and supply and demand, which can not be maintained.

Cash flow transfer: Waiting for test results at a & # 39; bottom - Picture 3.

E Nguyen Viet Quang, The Director of Hanoi Branch, Vietnamese Yuanta Securities

In the last session of the week, we saw a series of bank stocks such as CTG, ACB, IDB, VPB received the final in the last trading session of the week. GAS, PVD, and PVS oil and gas companies also got a big deal. Carefully, the opening of a new shopping situation is very small.

Investors ready for the two stock groups above can consider restructuring their portfolio, with a discount rate of more than 20% of the highest for their & # 39; banking agency. Investors can look at this as a great opportunity to go to; creating its airport.

E Nguyen Nhat Cuong, The Deputy Chief of Research Department, Vietinbank Security

At this time I'm not sure whether the shift down the two groups of banking stocks and oil and gas continues to be so bad for the last trading session last week but just another bull bull .

The investors themselves are now worried about the story related to bad debts in the & # 39; banking agency trying to & # 39; declining although the "2017" high-quality business and business results are delivered in the context of a 10-year cycling fear that can come back to an emergency.

In terms of oil and gas, world oil prices have been falling for a number of ongoing sessions and they are going to go on. begin to get back. Whether this regeneration compliance is stable or is not difficult to predict. The most obvious evidence is that the two groups of banking stocks and oil and gas increased significantly and participated as a "support". market, but VN-Index is very "uncomfortable" when many codes continue to decline "other columns".

So, I personally advise owners to be cautious and confident. continue to look calmly at both of these stock groups as well as VN-Index in a & # 39; The first two trade sessions next week.

Nguyen Hoang, The VnEconomy

Both reasons are not yet new, there is a reduction in popularity and foreign merchants are foreigners. Last week you also discovered what investors made attentive. Do you see "light at the end of the tunnel" now so that you can create new support information?

E Le Hoang Tan, The Saigon Director – MBS Securities

Indeed, this time and 2019 in total, I will not add too much topic to market index or move each section. I think the market support factors are largely evaluated at a national level, so there will be a huge emphasis on a specific department; means there is a good loss of investment opportunities.

The current strategy is currently going to be & # 39; Focus on each particular stock as the probability when the doorstep market proves support that has a clear split between the stocks together.

As market weakness is still in decline, I am experiencing Thinking it's good, at least investors are worrying about her; They sold cheap stock at cheap cost.

E Nguyen Viet Quang, The Director of Hanoi Branch, Vietnamese Yuanta Securities

For current market, good news is not good and we can not immediately display this information in stock prices. So, I'm still proposing that investors will be able to; monitor them, get out of their market and go to; participating only when the market is enhanced.

In the future, investors can look forward to joining with the CPTPP to bring about the development of export businesses. In addition, the trade war between the United States and China is also a great opportunity for many businesses to be developed. So, next time, the investors can be responsible for the information above.

Cash flow transfer: Waiting for test results at a & # 39; bottom - Picture 4.

E Nguyen Nhat Cuong, The Deputy Chief of the Research Inspector, Vietinbank Security

A & A is a market; going into poor supportive support and seems to be aware that the negative information remains. However, I am still expecting the market to move up in December, with:

(1) Advanced business prospects from many companies; (2) The macro-economy continues to show development signs; (3) Tensions between the United States and China will grow faster because both sides; plan a new place of visit.

E Tran Xuan Bach, The Market Strategy Division, Viet Bao Trusts

I believe that the business results of a registered company in Q4 are the things that are interested in the & # 39; market in the future. In addition, the trade problems between the US and China will show cooling marks, they will help to; market in particular, especially investors in short-term.

Despite this, unhealthy issues are still stronger and I am open to & # 39; the potential for a market to go back to other support levels in a long time.

Nguyen Hoang, The VnEconomy

The market has dropped back to the old base but also lowered the glaze which means that there is no strong fisherman's reserves at his; bottom. How long do you want to return to & # 39; market with a higher proportion?

E Tran Huu Phuc, The Head of Department of Brokerage, VCBS Tarantasan

VN-Index was still a collection of around 900 points (+/- 20 points) in the last 3 weeks. Commercial merchants were worthwhile and they were very foreign retailers. We are still out of sight because this market level is very difficult to say.

Cash flow transfer: Waiting for test results at a & # 39; bottom - Picture 5.

E Nguyen Nhat Cuong, The Deputy Chief of the Research Inspector, Vietinbank Security

Depending on my personal assessment, it is a good time to start long-term and long-term money. 45% – 50% should be a reasonable proportion.

Short-term investors wishing to get into the market should give priority to stock in areas that will benefit from CPTPP. The reasonable proportion should not exceed 25% – 30%.

E Tran Xuan Bach, The Market Strategy Division, Viet Bao Trusts

I put the weight at 30% last week.

E Le Hoang Tan, The Saigon Director – MBS Securities

Last week I bought stock with a weight of around 30%, which focused on its & # 39; code, I'm thinking that will make a difference in 2019. The rest will be & # 39; Waiting for the market to support 890 points before considering the # 39; case. bank

E Nguyen Viet Quang, The Director of Hanoi Branch, Vietnamese Yuanta Securities

A proportion of short-term portions that hold me at 34% of stock and 66% of money. Half-time portfolio size is 35% of stock and 65% of cash. I still prefer to restructur my appendix and wait for the market to verify that the move is going on; come in for a new strategy.


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