BSC - Vietnam Daily Monitor 2015.04.13 - Need more confirmation - Gasoline price unchanged - TNG updates

Summary

The first session of this week was conservative, expressed through lower liquidity in spite of the increase of blue-chip stocks.

Also on Monday, the Union of Ministry of Industry and Trade and Ministry of Finance announced that the price of retail gasoline will remain unchanged due to the use of Stabilization Fund. This decision took effect from 03:00 PM this afternoon.

Recommendation

Investor’s sentiment was quite conservative in the context the trend of foreigner’s trading activity has improved. VN-Index and HNX-Index will most likely shake at their resistance levels of 560 pts and 83.8 pts, respectively.

We recommend investors to hold current stocks and wait for clearer signals to make investment decision. If VN-Index and HNX-Index fail to break these resistance levels, investors should reduce stock proportion; conversely, if these resistances are broken, investors can continue to hold the current portfolio and consider allocating more on stock.

Macro view

Gasoline prices in the near future

Company Update

TNG - TNG Investment and Trading JSC (HNX)