BSC - Vietnam Daily Monitor 2015.03.26 - A slight recovery may occur in short term - TJC Updates

Summary

Despite the distorting influence of GAS, stock market seemed to be more balanced thank to bank and real estate stocks.

Foreign investors continued to sell strongly, though the bottom fishing activities increased.

Recommendation

We expect foreign investors continue selling in the next sessions, though the selling pressure will reduce. The market therefore can have a slight recovery.

We have recommended risk loving investors open the position today. Prudent investors should stay out of the market at this time.

Macro Views

GDP increased by 6.03% yoy in 2015Q1.

Oil prices surged dramatically due to the intensive conflict in Yemen.

Company Update

TJC – Transportation & Trading Services JSC (HNX)

Stock Recommendation

Short-term portfolio: Buy CVT, TNG