20160627_BSC_Vietnam Daily Review_EN_when will storm be over_Company Updates AAA

'Highlight

Foreigners were net buyers on the HOSE and on the HNX today. Net buy on HSX was 16.1 billion and on HNX was 51.71 billion. Though the market continued to correct in the morning session today, VN-Index kept the support level 610 and liquidity stayed low compared to the previous session. However, it exhibited quick recovery in the afternoon session, increased 0.5 points from the previous session to close at 621.27 points, higher than the support of 620. The rebound strongly influenced by large-cap stocks rebounded in afternoon session, stocks of steel industry group including HSG, NKG, and PVD (oil and gas group), VIC also remained positive during the session today.

Recommendation

As we expected in our previous report, Brexit storm has temporarily been mitigated when the major stock markets around Asia are recovering (Nikkei 224 + 2.62%, SHCOMP + 1.28%, STI + 0.24%). The CBOE S & P 500 VIX (-2.34%), the Nikkei 225 VIX futures (-6.79%) has started to decline, implying that the possibility that the world market suffered short-term high volatility is very low. Commodity markets have also stabilized as oil price rebounded and gold price gain slowed down somewhat. International debt market also no longer experienced the large movements as in the last week. VN stock market also rebouded as we expected, the BCs such as GAS, PVD, HPG, VIC, BVH turned green, helped the VN Index regain more than 13 point loss in the beginning of session, however, the volume returned to the average level of the previous session. This makes recovery of VN-Index in the short term is somewhat uncertain. Investors are recommended not to buy high in the next session to avoid the risk of losses during the trading session.

Company Updates - AAA - An Phat Plastic and Green Environment Jsc. (HNX)