Stocks buying opportunity

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

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

Stock rallies extend for 5th day The Saigon Times Daily Investors are seen at a local securities firm. The VN-Index rose for the fifth consecutive session on August 20 - PHOTO: THANH HOA HCMC – Domestic stocks extended their winning streak for the fifth straight session today, August 20, but the rise momentum eased due to investor concerns over global market uncertainties. The benchmark VN-Index of the Hochiminh Stock Exchange added 3.64 points, or 0.37%, against the previous day at 984.67. Trade expanded 13% in volume to 178 million shares but value declined a mild 2% at VND4.1 trillion. Notably, foreign investors became net sellers again after posting a strong net buying value on Monday. They net sold VND76.6 billion of shares on the HCMC market, chiefly those of low-cost carrier VJC and steel maker HPG. A Bao Viet Securities Company report said the VN-Index is forecast to fluctuate from 982 to 986 points in the upper range and from 970 to 975 points in the … [Read more...] about Stock rallies extend for 5th day

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

Market to see further profit taking this week By Phuong Thao HCMC – Securities enterprises have predicted the market will drop further this week as profit taking is seen accelerating after recent strong gains. Last Friday, domestic stocks corrected from a four-day rally on strong selling pressure as investors attempted to lock in profits from the surging markets. Banks and property developers were among those hit by strong selloff, falling 0.2% and 0.6%, respectively. The VN-Index of the Hochiminh Stock Exchange dropped 0.15% to close at 950.89 points. For the week, the index still jumped 4.7% for its best week in eight months. The market was dragged lower by modest losses in large-cap names such as lender VCB, property company VIC and its subsidiary VHM while fuel group GAS hit a two-month high to lead gainers. Profit-taking affected all 20 sectors on the stock market with nine sector indices ending on a negative note while others gained modestly. On the Hanoi Stock … [Read more...] about Market to see further profit taking this week

Deputy PM discusses bilateral ties with Rice (17-03-2007) Deputy Prime Minister and Foreign Minister Pham Gia Khiem with US Secretary of State Condoleezza Rice. — VNA/VNS Photo Thai Hung Washington — Foreign Minister Pham Gia Khiem held talks with his US counterpart, Condoleezza Rice, focusing on bilateral issues and preparations for the upcoming US visit by the Vietnamese President. The talks took place on Thursday at the US State Department headquarters in Washington DC, one of the scheduled destinations on the agenda for the official visit by Khiem, who is also Deputy Prime Minister. Foreign Minister Khiem told his counterpart that his visit aimed to speed up the implementation of the agreements reached by the two countries’ leaders in line with the Joint Statements issued in June 2005 and November 2006. The execution of these agreements would deepen the two countries’ economic and trade ties, particularly after Viet Nam joined the World Trade … [Read more...] about Deputy PM discusses bilateral ties with Rice

Trade war likely to drag on, bring fewer benefits than expected By Minh Tam Delegates at the seminar “Escalating trade war: Vietnamese enterprises’ pleasure and concern” - PHOTO: TRAN LINH HCMC - Experts attending a seminar in HCMC today, September 6, agreed that the U.S.-China trade war would continue to drag on, with unpredictable developments, noting that Vietnamese enterprises have enjoyed fewer benefits from it than expected. At a seminar, themed “Escalating trade war: Vietnamese enterprises’ pleasure and concern,” held by The Saigon Times Group and securities firm Yuanta Vietnam, Dr Pham Sy Thanh, director of the Vietnam Institute for Economic and Policy Research's Chinese Economic Studies Program, noted that trade tensions between the world’s two largest economies will continue to escalate. Since June last year, both sides have imposed tit-for-tat tariffs on each other’s exports and have not reduced any tariffs. It is becoming increasingly difficult for the … [Read more...] about Trade war likely to drag on, bring fewer benefits than expected

Hoà’s pigs enjoy their natural habitat. - VNS Photo Khoa Thư Viet Nam News By Khoa Thư QUẢNG TRỊ - A herd of pigs runs up a high hill, in front of them, a vast farm spreads out, reaching the horizon. The image may be strange for most Vietnamese people, with the mindset that domestic livestock are usually kept in cages. Nguyễn Thị Hoà’s farm in Triệu Thượng Commune, Quảng Trị Province, offers pigs precious freedom that their fellow animals rarely enjoy. “We are the first and also the only farm in the whole area that rears pigs in their natural habitat,” Hoà said. “They find and eat whatever they like. They run as far as they can, to every corner of this 10 ha farm. Our pork, therefore, has distinct characteristics of colour, taste and balanced fat ratio that normal farms cannot offer,” she added. Pork, however, is not the only specialty offered by Hoà. Up to 1,500 chickens are also farmed on the space. Instead of simply pouring instant pre-mixed food out of bags, … [Read more...] about Vietnamese agriculture, but not as you know it