Market Beat

VIC Cost 3.97 Points, Yet VN-Index Barely Fell

VIC was the VN-Index's biggest drag on 17 August, yet the benchmark lost only 1.62 points. The gap comes from offsetting moves among large-cap stocks.

Mai Linh·
VIC Cost 3.97 Points, Yet VN-Index Barely Fell
Three FTSE Russell dates before fund rebalancing
Market Beat

Three FTSE Russell dates before fund rebalancing

August 21 tells investors what FTSE Russell is publishing, not that fund flows are certain. August 21, September 4 and September 21 answer three different questions.

Mai Linh·
MWG: One million shares signal conviction, not certainty
Market Beat

MWG: One million shares signal conviction, not certainty

MWG's chairman has completed his registered share purchase. It is a real-money signal, but the investment case still depends on earnings delivery and valuation assumptions.

Minh Quan·
Japan’s GDP rises while domestic demand slips
Market Beat

Japan’s GDP rises while domestic demand slips

Japan’s economy grew 0.3% in the second quarter, yet domestic demand contracted. The headline gain relied more heavily on the external sector than it first appears.

Mai Linh·
AI stocks do not share one risk
Market Beat

AI stocks do not share one risk

AI infrastructure, chipmakers and software companies may benefit from the same technology wave, but they are not valued on the same financial logic. The key question is where revenue, profit and cash generation begin to diverge.

Mai Linh·
From public investment to revenue: Seven gates
Market Beat

From public investment to revenue: Seven gates

A large public-investment plan is only the starting point. Before it becomes revenue and cash flow, money must pass through a project, a worksite, certified work and payment documents.

Mai Linh·
Global gold rises, yet SJC buyers can still lose
Market Beat

Global gold rises, yet SJC buyers can still lose

Spot gold gained 8.02% over one month while SJC's selling price fell. The domestic premium and the dealer's buy-back spread, not the headline world price, determine the cash an owner receives.

Mai Linh·
USD 70 billion in guarantees changes the debt read
Market Beat

USD 70 billion in guarantees changes the debt read

A commitment that has not yet required cash can still change how a bond is priced. The key questions are when it can be called and who absorbs the shortfall.

Mai Linh·
Alphabet Is the Main Bet, Homebuilders Are Secondary
Market Beat

Alphabet Is the Main Bet, Homebuilders Are Secondary

Berkshire's latest 13F includes Alphabet, Lennar and D.R. Horton. The wide gap in position sizes shows they are not three investment ideas carrying equal weight.

Mai Linh·
Rising deposits do not prove money left investing
Market Beat

Rising deposits do not prove money left investing

Household deposits have passed VND 11 quadrillion, but a month-end balance cannot identify where the money came from. Reading capital flows requires transaction evidence from each asset class.

Mai Linh·
SSI record date is 18 August, cash starts from 14 September
Market Beat

SSI record date is 18 August, cash starts from 14 September

A record date is not a payment date. SSI's timetable is a useful guide to separating entitlement, shareholder records and cash timing.

Mai Linh·
A Trade Deficit Must Be Tested Against Output
Market Beat

A Trade Deficit Must Be Tested Against Output

A trade deficit does not, by itself, tell us whether an economy is weakening or investing for growth. The real test is whether imported goods become output, orders and profits.

Mai Linh·
Hanoi apartments: Do not merge primary and resale prices
Market Beat

Hanoi apartments: Do not merge primary and resale prices

Launch prices and resale prices are not two names for one market level. Comparing the right inventory, all-in cost and liquidity prevents a premature market call.

Mai Linh·