BSC - Vietnam Daily Monitor 2015.05.12 - Foreigner might turn to sell - APS, CVT updates

Summary

The market fell in most of the transaction time, and close below reference price at the end of day. The market liquidity fell slightly.

Notably, SHB has got a strong fluctuation today and impressively recovered after falling to the floor price.

OGC after 7 day hitting floor has recovered and closed at the ceiling. Foreigners reversed when net sold over 20 billion dong on the market.

Recommendation

With recent unsustainable sentiment combined with the lack of information, some impact can be amplified, such as information on SHB today. We expect this effect will end soon and the selling pressure will be reduced, the market can soon get recovery.

We continue to recommend investors staying cautious, maintaining low stock ratio and wait for brighter market signals.

Stock recommendation

Short-term portfolio: DIG, PVS hit their stop-loss prices, do consider reducing their weights on portfolio in next rally.

Canslim portfolio: DBC hits its stop-loss price, do consider reducing its weight on portfolio in next rally.