According to VietinBank Securities Joint Stock Company (HoSE: CTS), in the short term, the VN-Index recorded a recovery from the 1,212 point area, however, technical indicators show that there is still the possibility of continued correction pressure.
The medium and long-term uptrend has been confirmed, so market corrections will be good opportunities to buy new or increase stock holdings.
Investors are recommended to maintain the stock/cash holding ratio at 70/30. If profit-taking pressure increases, the index will likely return to test around 1,212 points again.
In case the index fluctuates in the range of 1,200 - 1,212 points, investors can proactively increase the ratio of stocks/cash holdings to the threshold of 90/10. Expectations of positive cash flow entering the market at this point and there is a high possibility that the index will move towards the resistance zone of 1,247 - 1,255 points in September 2023.
Groups of stocks that investors may pay special attention to:
Public investment: HHV
Stocks: HCM, SHS, VIX, SSI
Real estate: TCH, DIG
Industrial Park Real Estate: IDC
Seaport: HAH
Steel: HSG
Bank: VIB, SSB, ACB, TPB, VPB
Retail: DGW, MWG, MSN
Energy: PC1
Oil and gas: BSR
Textile: TNG
Others: PNJ, GEX, GVR, DBC.
Business news:
REE: The largest shareholder of Refrigeration Electrical Engineering is determined to collect more company shares.
SJE: Song Da 11 expects to collect 236 billion VND through offering 18 million shares,
POW: PV Power may lose more than 1,000 billion VND in revenue due to the slow progress of Nhon Trach 3 and 4 gas power plants.
HBC: Hoa Binh Construction is late in paying social insurance by more than 38 billion VND.
NLG: Final date for 2024 Annual General Meeting of Shareholders.
NVL: Novagroup has sold more than 12 million NVL shares.
VC2: The State Securities Commission fined Vina2 for not disclosing information.
VJC: Vietjet opens flight route connecting Ho Chi Minh City to Vientiane.
VCA: Vicasa Steel is struggling with the problem of moving the factory out of Bien Hoa 1 Industrial Park.
KDH: Wants to increase capital to 9,094 billion VND by issuing 110.09 billion shares .
Source
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