SHS Securities Company
From a short-term perspective, the market is in an uptrend and currently the VN-Index is very positive as it is about to approach the strong mid-term resistance threshold of 1,250 points.
Currently, the upward momentum of VN-Index may face difficulties because the possibility of shaking and adjustment will gradually increase as the index gradually approaches the 1,250 point area.
The medium-term trend of VN-Index still maintains movement in the balanced area to form a new accumulation base after a period of deep decline and we expect it to be in the range of 1,150-1,250 points.
Tan Viet Securities Company – TVSI
The VN-Index ended the session with a Bullish hammer candlestick with prices closing at the highest level of the day and liquidity continuing to remain high, showing that the upward momentum is still very positive.
Although the upward momentum is expected to continue, being in a high value area and quite far from the average lines, the index is forecast to continue the current shaking pressure in the near future.
The peak value area in 2023, corresponding to 1,250-1,280 points, is expected to be a strong resistance area in the near future, as this is the area that determines whether the long-term trend will escape the downward channel from mid-2022.
The fact that the upward momentum still spreads evenly across industry groups, interspersed with continuous adjustments during the current point increase, also shows signs of sustainable price increases. In the upcoming trading session, the increasing momentum is expected to continue until the end of the session.
Yuanta Vietnam Securities Company
We think that the market may continue to increase in the next session and the VN-Index may move towards the resistance level of 1,245 points.
At the same time, short-term risks remain low and cash flow continues to increase. In particular, the market does not have too clear differentiation and cash flow is evenly distributed among stock groups.
Vingroup stocks may see a correction in the next session, but this correction may quickly end.
In addition, the short-term sentiment indicator continues to increase, showing that investors are still optimistic about current market developments and new buying opportunities continue to increase.
– Notable stock events on February 21
Information on the calendar of notable stock events on February 21 about businesses listed on the stock market.
* EIB: Vietnam Import-Export Commercial Joint Stock Bank – Eximbank (EIB – HOSE) announced that it had unsuccessfully sold 6.09 million treasury shares registered to sell from January 15 to February 7 by order matching method due to price. did not meet expectations.
* LPB: Lien Viet Post Commercial Joint Stock Bank – LPBank (LPB – HOSE) announced that the 2024 Annual General Meeting of Shareholders will be scheduled to be held on April 27, 2024 at Ninh Binh Legend Hotel, No. 177 Le Thai To, Ninh Khanh ward, city. Ninh Binh.
* PGI: February 23 is the trading day without the right to advance dividends in 2023 of Petrolimex Insurance Joint Stock Company (PGI – HOSE), the last registration date is February 26. Accordingly, dividends will be paid in cash at a rate of 10%, payment starting from March 15, 2024.
* DHC: Mr. Duong Thanh Sang, brother of Mr. Duong Thanh Cong – Member of the Board of Directors of Dong Hai Ben Tre Joint Stock Company (DHC – HOSE) registered to sell 370,000 DHC shares from February 23 to March 22 by agreement and order matching. It is expected that if the transaction is successful, Mr. Sang will reduce his ownership in DHC to more than 400,000 shares, a ratio of 0.498%.
* DBT: Mr. Pham Thu Trieu, General Director of Ben Tre Pharmaceutical Joint Stock Company (DBT – HOSE) registered to buy more than 728,000 DBT shares from February 26 to March 23 by agreement and order matching method. It is expected that if the transaction is successful, Mr. Trieu will increase his ownership in DBT to more than 3.2 million shares, a ratio of 19.66%.
* DP3: Ms. Le Thanh Thuy, wife of Mr. Nguyen Dinh Khai – General Director of Central Pharmaceutical Joint Stock Company 3 (DP3 – HNX) bought more than 2.08 million DP3 shares from January 18 to February 5. Thereby, increasing ownership in DP3 to more than 2,086 million shares, a ratio of 9.7%.
* IDV: March 4 is the trading day without the right to receive dividends in 2023 of Vinh Phuc Infrastructure Development Joint Stock Company (IDV – HNX). The last registration date is March 5. Accordingly, dividends will be paid in cash at a ratio of 10%, payments starting from March 21, 2024 and dividends in shares at a ratio of 100:15, equivalent to IDV will issue more than 4 .67 million new shares in this round.
* LHC: March 19 is the trading day without the right to receive dividends for the second period of 2023 of Lam Dong Irrigation Construction and Investment Joint Stock Company (LHC – HNX). The last registration date is March 20. Accordingly, dividends will be paid in cash at a rate of 10%, payment starting from April 17, 2024.
– The US advises China on dumping goods on the global market
According to the Financial Times on February 19, US officials have advised on the effects if China tries to reduce the problem of industrial overcapacity by dumping goods on the international market.
Two senior US Treasury officials told the Financial Times that a US delegation expressed its concerns during a recent visit to China, including talks with Chinese Vice Premier He Lifeng. . The US is most concerned about advanced manufacturing and especially clean energy sectors such as electric vehicles, solar panels and lithium-ion batteries.
The European Union (EU) last year launched an anti-subsidy investigation into China’s electric vehicle industry. EU Competition Commissioner Margrethe Vestager said on February 17 that the EU was ready to use trade tools to address China’s unfair trade practices.
An official said Washington wants to ensure that Beijing takes the issue seriously. He added that the topic will be a “main part” of the agenda when US Treasury Secretary Janet Yellen visits Beijing later this year. China acknowledges the risks from overcapacity, which has been a feature of its industrial development for decades, but has yet to outline a clear plan to address the problem.
President Xi Jinping last December said overcapacity in some industries was one of the “challenges” that needed to be addressed to ensure future economic growth. China’s Ministry of Commerce this month announced plans to support the “healthy development” of electric vehicle expansion abroad, including strengthening cooperation with foreign partners.