Buy opportunities

Investment bank Wedbush says that the recent Apple stock sell-off creates a "golden buying opportunity" for investors, and predicts that Apple still has a $3 trillion valuation on the horizon. In a note to investors seen by AppleInsider , lead Wedbush analyst Daniel Ives says the bank has added Apple to its "Best Ideas List." He says that, in the wake of a historic December quarter for Apple, Wall Street has been expecting modest cuts to 2021 iPhone forecasts. Despite that, the analyst says recent checks in Asia are continuing to come in bullish. He continues to predict that Apple could ship upwards of 230 million iPhone units during the year. That number is higher than the current Wall Street consensus of 220 million units. Based on the current trajectory, Ives says that Apple could sell north of 240 million units — with an "eye popping" 250 million units possibly in the cards. He adds that demand in China still looks strong coming out of the Chinese New Year. … [Read more...] about Recent Apple sell-off a ‘golden buying opportunity,’ analyst says

Labor opportunities abound despite automation By Vu Dung Workers are seen checking products at a company – PHOTO: VU DUNG HANOI - Given concerns over the possibility of machines replacing humans at work, experts believe that if countries take the right steps, there will still be many opportunities to create jobs. This possibility has been discussed at length, but a recent report by ManpowerGroup used for the World Economic Forum 2019 in Davos, Switzerland, has painted a contrary picture. In particular, 87% of businesses have plans to increase or retain their current personnel despite the application of technologies and automation. This is the highest figure in three consecutive years during which ManpowerGroup has reported on the issue. The report on the impact of automation on jobs over the next two years surveyed 19,000 companies in 44 countries. According to the report, companies are increasingly introducing automation, which is promoting new kinds of jobs. … [Read more...] about Labor opportunities abound despite automation

Property firms tap opportunities outside HCMC By Binh Nguyen A new residential area in Di An Town of Binh Duong Province - PHOTO: TL HCMC - HCMC-based property firms’ expansion to neighboring provinces is not only intended to take advantage of the movement of people out of the city but also part of their sales strategy. Major markets such as HCMC are now restricting new high-rise property projects, while the city’s available land is shrinking. In addition, Vietnam’s urbanization rate is 37.5% and estimated to rise to 45% in 2020. Nguyen Nhat Cuong, deputy head of the research and analysis center at VietinBankSecurities, said that property firms are expanding to neighboring areas where the average income per capita is high and there is more room to grow. While in the past, small property firms favored provinces to avoid direct competition in the HCMC market, large companies are now actively approaching these areas. In fact, since last year, many industry giants … [Read more...] about Property firms tap opportunities outside HCMC

CPTPP opens up opportunities for Canadian, Vietnamese firms The Saigon Times Daily Local customers buy fresh vegetables and fruit in HCMC. Agriculture in general and fruit and vegetables in particular are potential spheres for cooperation between Canada and Vietnam – PHOTO: TL HCMC – As the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has taken effect, Vietnam and Canada can boost cooperation across multiple fields such as agriculture, fisheries, infrastructure and clean technology, according to a Canadian official at a workshop on March 11. The workshop, titled “CPTPP: Vietnam”, was held in Toronto, the most populous city in Canada, to support Canadian small- and medium-sized enterprises in studying the Vietnamese market with the CPTPP taking effect, reported the Vietnam News Agency . The event was organized by the Canada-Vietnam Trade Council, in partnership with the Office of the Minister of Small Business and Export Promotion … [Read more...] about CPTPP opens up opportunities for Canadian, Vietnamese firms

Challenges, opportunities await VN as WTO member (09-11-2006) Viet Nam has become a member of the World Trade Organisation (WTO) and this has created new opportunities but also challenges for the nation. Here are some opinions on this very significant event: Deputy Prime Minister and Minister of Foreign Affairs Pham Gia Khiem: World Trade Organisation General-Director Pascal Lamy makes a toast with Vietnamese Deputy Prime Minister and Foreign Minister Pham Gia Khiem and Trade Minister Truong Dinh Tuyen after the signing ceremony on Tuesday at the WTO headquaters in Geneva. — AFP/VNA Photo The country’s further integration into the world economy will provide many chances but also morre than a few challenges for many sectors. The most important thing is to know how to overcome the challenges and grasp the opportunities. We must also find ways to turn challenges into opportunities. WTO membership will provide Viet Nam with the conditions needed to … [Read more...] about Challenges, opportunities await VN as WTO member

Deputy PM calls on S. Korean firms to buy Vietnam’s weak banks The Saigon Times Daily Deputy Prime Minister Vuong Dinh Hue (R) shakes hands with Hyundai Vice Chairman Jin Hyng-chung. Deputy PM Hue has called on banks and large groups from South Korea to acquire Vietnam’s poor-performing banks - PHOTO: VNA HCMC – Deputy Prime Minister Vuong Dinh Hue has called on banks and large groups from South Korea to acquire poor-performing banks in Vietnam, such as Ocean Bank, Global Petroleum Bank (GPBank) and Construction Bank (CBBank). At a meeting with the leaders of Korean banks, financial companies and Hyundai and Samsung Vietnam in South Korea’s capital of Seoul on June 20, as part of his ongoing visit to South Korea, Hue also called on these banks and firms to purchase shares in Vietnamese financial companies and participate in tenders for the North-South Expressway project, the local media reported. Leaders of Shinhan Financial Group and Alliex Company expressed … [Read more...] about Deputy PM calls on S. Korean firms to buy Vietnam’s weak banks

Local firms seek opportunities to join global supply chains The Saigon Times Daily An employee introduces automobile parts and accessories to a visitor at an exhibition in HCMC. Domestic supporting industry firms have great opportunity to join global supply chains - PHOTO: HUNG LE HCMC – As many as 24 buyers have registered to attend a conference in HCMC to seek suppliers for supporting industries, giving domestic firms a greater opportunity to join global supply chains, Nguoi Lao Dong newspaper reported. Apart from registering for participation in the conference, the buyers have provided detailed information on the components and items they need for the domestic market. Of these buyers, 14 firms need electronic parts; three enterprises are seeking suppliers of mechanical parts; and seven others want to buy automobile components, aircraft parts and healthcare equipment. As for supply firms, up to 56 local suppliers of mechanical and electronics parts and rubber … [Read more...] about Local firms seek opportunities to join global supply chains

Stocks seen steady this week - brokerages By Phuong Thao HCMC – Domestic stock prices are expected to be stable this week as investors may continue staying on the sidelines given global market uncertainties, according to securities firms. The VN-Index of the Hochiminh Stock Exchange fell 0.23% at 980.76 points last Friday while trading value on the exchange sank 15% against the previous day at VND3.8 trillion. After falling 1.5% a week earlier, the index closed down 0.8% last week. During March, the index was up 1.6%, capping the third monthly spike. The index finished the first quarter of 2019 up 9.9%, its best quarterly performance since early 2018. Property firm VHM was the biggest contributor to the day’s loss. Meanwhile, its fellow Vingroup subsidiary VRE was one of the largest gainers. By sector, bank and brokerage stocks saw lower rises. The two industry indexes gained only 0.5% each at the end of the day. According to BIDV Securities Corporation, international and … [Read more...] about Stocks seen steady this week – brokerages

Investment bank Morgan Stanley calls recent reports of weaker iPhone demand "supply chain noise," and sees the AAPL pullback as a buying opportunity for investors. In a note to investors seen by AppleInsider , analyst Katy Huberty says she agrees with reports of iPhone 12 mini weakness, but adds that the overall demand environment remains positive for the iPhone 12 and iPhone 12 Pro lineup. For one, she cites reports that Apple is cutting iPhone production to 75 million units in the first half of 2021. Although Huberty admits this has contributed to recent AAPL underperformance, she says the news is "noise rather than anything that impacts the fundamental outlook." A recent Morgan Stanley check indicated that there's between three million and five million units of total iPhone build upside risk for the first half of 2021. That's because the bank's research indicates that build orders for specific iPhone 12 and iPhone 11 models are being revised up, not … [Read more...] about iPhone demand weakness just ‘noise,’ outlook remains strong, analyst says

VN, Republic of Korea vow to strengthen ties (21-04-2005) Party General Secretary Nong Duc Manh (right) receives South Korean Prime Minister Lee Hae-chan. — VNA/VNS Photo Nhan Sang HA NOI — The co-operation and friendship between Viet Nam and the Republic of Korea is developing well in many areas, Party General Secretary Nong Duc Manh told Prime Minister Lee Hae-chan yesterday. Manh hailed the outcome of talks between the Vietnamese and RoK prime ministers, as well as the signing of a number of bilateral co-operation accords during Lee’s visit as signs of diplomatic progress. Viet Nam will continue to open its doors to foreign investors, including those from the RoK, Manh said. The Party leader asked PM Lee to convey his best wishes to President Roh Moo-hyun and express thanks for inviting him to visit the RoK. Manh briefed his guest about Viet Nam’s foreign policy of independence and self-reliance while also opening its door to the world. … [Read more...] about VN, Republic of Korea vow to strengthen ties