20160704_BSC_Vietnam Daily Review_EN_Continuing excitement_Company Updates QHD

Highlight

The excitement from the beginning of July were followed today, with strong momentum from bluechips which highlighted VCB, the market brokeout strongly to new 8 year high at 648 pts. After Circular 203 took effect, securities group seemed attracting cash flow when leading stocks such as HCM, SSI and VND rose to ceiling. The rise of the blue chip were also evenly spreaded out to other group as a high level of cash flow was evenly distributed. The stocks was updated and recommended by BSC such as SMC and SVC reached to ceiling. Similar movements were seen in HNX-Index and Upcom-Index but with weaker rose. Activities of foreigners were not too exciting today.

Recommendation

The market continued to enjoy a positive first session accompanied with increased prices. Closing the session, the VN-Index increased by 7.66 points (1.2%) to 647.96 points, highest level in nearly 10 years. Though not continuously conquering previous peaks like VN-Index, HNX-Index also rose by 0.66 points (0.77%) to 85.81 points. Many sectors enjoyed growth such as Steel, Real Estates and Construction group such as HUT, SJS, VC2, VCG ..., which were recommended in the report last week, and secutities stocks with expected positive business results in Q2 . The market also received positive support from large cap stocks to rise firmly. VN-Index is trading near the upper bound of medium term bullish channel and is expected to continue to go up. Investors can continue to increase the proportion of shares in the correction session.

Company Updates - QHD - Viet- Duc Welding Electrode Jsc. (HNX)