BSC - Vietnam Daily Monitor 2015.04.14 - Foreigners are net buyers for 3 consecutive sessions - CTG Update

Summary

The market rose in most of the time due to large-cap stocks, especially banking sector However, at closing the indices closed in red. Foreigners turned to buy on both exchanges, especially on HSX.

Recommendation

Tomorrow, the market indices might decrease. However, in our point of view, the general trend of the market is still positive. We recommend traders can profit-taking on significant increased stocks, while keeping an appropriate proportion of stocks in the portfolio. Cautious investors continue to buy with small proportion.

Stock recommendation

Short-term portfolio: Buy PVD, and PVS

Macro update

On 14/4, the Ministry of Finance issued Circular 48/2015/TT-BTC announcing the reduction of import duties on petroleum products since 14/4. Thus, the retail price of gasoline might not be affected by the increase of environmental protective tax in the future.

Company Update

CTG - Vietnam JS Commercial Bank For Industrial And Trade (HSX)