It is forecasted that in the next session, the VN-Index may adjust down from the resistance area at 1,285-1,290 points. The supports that need to be tested will be the 1,270 point area (the most recent peak just passed) or lower will be the MA5 and MA10 lines located around 1,260 points. If the selling force is not strong, the market will probably recover and will likely surpass the 1,290 point mark later.
Asean Securities Company
The upward momentum of VN-Index temporarily slowed down after a series of FOMO psychological sessions covering the entire market. The momentum of stocks during the session stopped at a slow increase, cash flow still spread throughout the market, but the differentiation began to become more obvious when the demand for each stock in each industry group was different. and price movements become more cautious.
– Agricultural product market: Rice export prices continue to increase
After cutting the decline the previous week, Vietnam’s export rice prices continued to increase thanks to Indonesia’s bid to increase supply.
Rice prices in the Mekong Delta region last week did not have strong fluctuations, mainly moving sideways. However, after cutting the decline the previous week, Vietnam’s export rice prices continued to increase thanks to Indonesia’s bidding to increase supply.
Regarding exports, Vietnam’s 5% broken rice was offered for sale at prices ranging from 590 – 595 USD/ton, compared to 585 USD/ton a week earlier.
Meanwhile, India’s export rice prices decreased for the second consecutive week due to low demand from Africa.
Specifically, the price of 5% broken parboiled rice in India, the world’s leading exporter, stood at 543 – 550 USD/ton last week, compared to 548 – 555 USD/ton the previous week. increasingly moving away from the record high of 560 USD/ton set earlier this month.
According to an export company in New-Delhi, African customers have bought enough stocks to meet short-term demand and intend to wait for prices to adjust before continuing to buy.
Indian traders signed fewer parboiled rice export contracts after the country’s customs agency changed the way export taxes are calculated.
Thailand’s 5% broken rice stood at 598 USD/ton on March 21, down from 615 USD/ton last week. Traders said that Thai rice prices fell due to the depreciation of the baht, while domestic rice prices remained almost unchanged.
– MWG’s 2-month revenue increased by 14%, the store system gradually stabilized
Mobile World Investment Joint Stock Company updated its business situation in the first 2 months of 2024 with revenue growth of 14%, after many months of restructuring efforts.
Mobile World Investment Joint Stock Company (MWG) updated its business situation in the first 2 months of 2024 with revenue growth of 14%, after many months of restructuring efforts. The store system decreased sharply compared to the same period last year, but was more stable compared to the end of 2023.
Accumulated in the first 2 months of the year, the entire MWG group achieved revenue of more than 21.6 trillion VND, an increase of 14% over the same period last year and fulfilling 17% of the 2024 revenue plan of 125 trillion VND.
In terms of structure, the Mobile World chain, including Topzone (TGDD) and Dien May Xanh (DMX) contributed 21.2% and 47.7% respectively, totaling 14.9 trillion VND, of which online revenue accounted for 17%. And the Bach Hoa Xanh chain (BHX) contributed 28.2%, equivalent to more than 6 trillion VND.
By the end of February 2024, MWG operated with a total of 5,607 stores, including 1,077 TGDD stores, 2,189 DMX stores, 1,698 BHX stores, 526 An Khang pharmacies, 64 Ava Kids stores and 53 Erablue stores.
The store system has become more stable with the number not changing too much compared to the end of 2023. The Erablue chain alone has increased the most with 15 new stores opening. However, compared to the same time last year, the number of stores decreased sharply by 166 stores, mainly at the TGDD chain, which decreased by 112 stores and DMX, which decreased by 98 stores.
– Temporarily suspend flights, Pacific Airlines refunds unused take-off and landing flights
Pacific Airlines has sent a report to the Vietnam Aviation Administration on issues related to take-offs and landings during the flight stoppage…
According to Pacific Airlines’ report sent to the Vietnam Aviation Administration, the airline will refund unused take-off and landing slots (slots) when temporarily suspending flights, no later than March 26.
In the near future, Pacific Airlines will lease 3 aircraft from Vietnam Airlines to maintain the minimum number of aircraft – a condition for maintaining the aircraft operator certificate (AOC). Therefore, this airline proposed that the Department of Aviation consider allowing them to keep the historical slot with refundable take-offs and landings for use in later seasons when the fleet increases.
At the same time, the airline also proposed to allow them to have a mechanism to pay and receive slots during this period to effectively use the slots operated by Pacific Airlines.
In addition, Pacific Airlines also confirmed that customers affected by the flight suspension have been transferred to Vietnam Airlines. To date, there have been no customer complaints.
Previously, on March 18, Pacific Airlines temporarily suspended operations due to no more aircraft. The airline has successfully cleared debt of 220 million USD, equivalent to more than 5,000 billion VND with the creditor being the aircraft leasing partner. In return, the company must return all ships operating in Vietnam.
Immediately after that, the Department of Aviation issued a directive, requiring Pacific Airlines to refund unused slots during the restructuring period. Along with that, emphasizing the important issue that the airline urgently restructures its fleet and puts ships back into operation as soon as possible.