Record Revenue, Vietnam Airlines Still Reports a Loss
Vietnam Airlines' second quarter shows why selling more tickets does not automatically mean retaining more profit. Cost of sales rose faster than revenue, sharply narrowing gross margin.
BSR: Deposits Are a Buffer, Refining Is the Engine
More than VND 53,000 billion in deposits is striking, but it is not a complete explanation for BSR's earnings. Refining margins remain the clearest measure of earnings quality.
Apple hands over a strong quarter, not a full answer
Apple's strongest June quarter put the iPhone back at the center of growth. Services momentum and a tariff refund, however, make the quality of earnings more nuanced.
US GDP Slows, but Fed Rate Cuts Are Still Distant
US growth cooled in the second quarter, yet domestic demand and inflation still leave the Federal Reserve with a difficult choice. A softer GDP number does not automatically clear the way for lower rates.
Overnight Rates Fall, Borrowing Costs Lag
Vietnam's overnight interbank rate fell to 2.5% a year, while the one-month rate remained at 7.3%. The gap signals easier immediate liquidity, not yet a broad decline in longer-term funding costs.
VN-Index Gains 40 Points: Breadth Is the Real Test
The July 30 advance reached 287 stocks and came with stronger turnover, showing that buying interest extended beyond a handful of index heavyweights. The next session will show whether that demand can absorb profit-taking.
FRT Hits Its Ceiling: Store Count Is Not Long Châu's Test
FRT's limit-up session has put Long Châu back in focus. But for a pharmacy chain, outlet count is only the starting point, not the answer.
Microsoft Spends $41 Billion: Cash Flow Is the Test
Microsoft's profits rose even as it spent heavily on AI infrastructure. The gap between accounting profit and cash generation is the real test of this investment cycle.
The Fed held rates, but Wall Street stayed under pressure
A rate hold does not mean cheaper capital is around the corner. Three dissenting votes, rising long-term yields and an oil shock reset the valuation test for equities.
Brent gains 6.61%: Supply data still holds the answer
Renewed fighting lifted Brent to USD 89.65 a barrel. The next move depends less on the next headline than on how much oil can actually be delivered.
A 9% Deposit Rate Comes With Less Access to Cash
A deposit certificate paying up to 9% a year can be compelling, but only when the money will not be needed before maturity. On VND 100 million over six months, the extra return may be smaller than the cost of needing cash at the wrong time.
VN-Index clears 1,700, but the rebound lacks confirmation
VN-Index ended July 29 near its intraday high and moved back above 1,700. Falling volume and the heavy contribution from VIC and VHM mean the rebound still needs confirmation.