BSC - Vietnam Daily Monitor 2015.05.07 - Decline will soon return - RAL Update

Summary

Thanks to the foreigner's demand, Vietnam stock market gained on Thursday.

Some stocks increasing significantly in both prices and volumes include TLH (+6.9%), GMD (+4.8%), CVT (+3.9%), DQC (+4.3%) and TTF (+3.3%).

Recommendation

We believe that the market is currently in bad circumstance because of both low volume in decline sessions and high one in rallies. Besides, ETFs will most likely stop buying soon in the near future due to they are now trading at slight discounts / premiums.

We recommend investor who allocates a high weight of stocks in portfolio should reduce stock proportion to low level.

Company update

RAL - Rang Dong Light Source & Vacuum Flash Company (HSX)