BSC_Weekly report 05.01-09.01.2015_Market's differentiation will continually occurs_GAS, HBC and VC2 Updates

The unexpected fact that GAS and VCB rally sharply has spread the positive influence on other stocks, especially the blue chips. Due to the large-cap stocks increased, the VN-Index and HNX-Index were up quite high and fast, which are close to their strong technical resistances. Therefore, we expressed the cautious view on the market in the short term, the profit taking pressure can occur at any time. However, in the mid-term, especially in Q11/2015, we believe that cash flow disbursements from foreign investors can help keep pace for the stock market. The differentiation will remain among groups & stocks based on expectation on Q4 results.

Recommendations

- Investors should refrain from chasing high prices

- Investors can consider buying in the corrections, especially in the sector getting high current expectation such as power, building materials, transportations...