BSC - Vietnam Daily Monitor 2015.04.09 - The green might be held tomorrow - NTP Updates

Summary

The market was driven by the real estate and construction materials stocks. Total transaction value increased significantly than yesterday.

Although foreigners’ net selling value reduced to VND 27 billion, they have still been net sellers for three consecutive sessions.

Recommendation

We believe that market may continue rising tomorrow thanks to the stability of investor’s sentiment. However, as discussed earlier, we still remain cautious about market direction because of foreigners’ selling pressure.

Based on positive technical signals, we expect that the VN-Index can rises to 557 pts and has a slight correction here.

We recommend risk lovers to continue buying stocks today with no more than 20-30% of recommended stock proportion. Cautious investors should continue to stay out of the market.

Company Update

NTP - Tien Phong Plastic JSC

Stock Recommendations

Short-term portfolio: Buy VCB, DXG and ITA