BSC - Vietnam Daily Monitor 2015.04.27 - Foreign demand is declining - Macro Update

Summary

Trading volume is not significantly changed compared to that last week.

The today's highlight is the strong fall of OGC. Oil & Gas, real estate stocks together declined.

Recommendation

Next month, there will be no more supporting information for the market. After the holiday, stock indices will probably increase. However, nothing is certainly as the market is recently driven by foreigner’s demand.

We recommend investors to open position with small proportion. We also note that investors should consider to reduce stock weight if the market developments is not positive as expected.

Stock recommendations

Short-term portfolio: Buy DIG

Canslim portfolio: Buy MBB

Macro views

Vietnam economics data in April