Avoid short-term trading

Investment Comments

Kafi Securities : Demand is generally thin and liquidity has dropped to its lowest level in the past month, causing the VN-Index to lack the momentum to return to an upward trend.

The index is likely to continue moving towards the technical support zone at 1,250 points to accumulate and absorb selling pressure before testing strong resistance again. Technically, strong cash flow is expected to support the general market. Investors should maintain their existing portfolio and watch the support zone at 1,250 points.

VN-Index performance on October 8 (Source: FireAnt).

East Asia Securities (DAS): In the short term, cash flow is still circulating in banking, securities, and real estate stocks with alternating increases and decreases. Some stocks that affect the index also receive attention such as steel, materials, retail, and essential consumer goods. VN-Index needs more time to consolidate its price base before returning to the uptrend.

Investors can continue to accumulate real estate, banking and industrial park stocks. For short-term transactions, investors can look for opportunities in steel, chemicals and consumer goods groups.

Beta Securities: The market is clearly differentiated and cautious sentiment still prevails. However, improved liquidity is creating a positive signal for the VN-Index in the session of October 9 and the following sessions.

This is the time for investors to be cautious but should not miss the opportunity to buy and accumulate when the index is in the support zone. Stocks that attract strong cash flow and have solid fundamentals will be the priority choice, especially those with long-term and stable growth potential.

At the same time, a reasonable trading strategy during this period is to maintain discipline, limit the use of too much leverage and avoid chasing short-term waves, focusing on stocks with potential for sustainable development.

Investment Recommendations

- FPT (FPT Corporation): Waiting to buy.

Updating business results for the first 8 months of 2024, the company recorded revenue and profit after tax of VND 39,664 billion (up 20.8% over the same period) and VND 5,007 billion (up 22.5% over the same period), respectively.

TCBS assesses that the company will continue to maintain its growth momentum in the last months of 2024 to maintain an increase of over 20% for the whole year of 2024. The foreign information technology service segment continues to be the company's main business driver, maintaining an increase of over 30% over the same period.

In addition, the volume of new orders signed in foreign markets reached over 22,000 billion VND (up 19% over the same period), which will ensure the company's growth rate in the following years. The financial situation is healthy. Investors should continue to observe and wait for opportunities to disburse for this stock.

- BVH (Bao Viet Group): Waiting for sale.

In the first 8 months of 2024, the revenue of the entire life insurance market decreased by 19% compared to the same period, but Bao Viet Life's revenue still increased by 17% compared to the same period.

For the non-life insurance segment, health and motor insurance products are the main growth drivers. Although business results may be affected after Typhoon Yagi , BVH still assesses that after the storm, many opportunities will open up as people are more interested in buying insurance.

As the impact of Typhoon Yagi on BVH's profits in the third quarter is unclear, TCBS advises investors to continue monitoring more information before making investment decisions.

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-9-10-tranh-chay-theo-song-ngan-han-20424100816362622.htm