BSC - Vietnam Daily Monitor 2015.04.08 - Short term recovery - VTV Update

Summary

The market indices rebounded due to the recovery of the banking sector, securities, and real estate. Liquidity increased compared to the previous trading session. Foreign investors turned net sellers on both the exchanges.

Recommendation

We maintain our recent market view about a rally in the short-term, yet high risk is existing. With a relative proactive demand, we expect foreign investors reduce gradually their selling, thereby supporting the market recovery. However, we also note that the indices might encounter a significant constraint unless foreign investors stop selling and the blue chips rebound.

We recommend risk loving investors to buy at the moment with the proportion below 20%. Prudent investors should stay away from the market.

Company Update

VTV - Vicem Materials Transport Cement JSC (HNX)