The Capel case: A contract cannot prove the profit source
A signed agreement records a promise, not the business activity behind it. The Capel case is a reminder to trace cash generation, the use of capital and oversight rights before relying on a payout schedule.
Brent Falls Nearly 10%, OPEC+ Quotas Are Not Enough
Brent has given back part of July’s rally. Whether it falls further depends on physical barrels and shipping through Hormuz, not quotas alone.
A Fund Label Cannot Replace Risk Management
An AI-focused hedge fund has sharply reduced its public equity portfolio after losses. The lesson is not to avoid every fund, but to read the structure behind the product name.
A stronger yen, how to read the portfolio signal
A rising yen does not automatically cause a global sell-off. But it can force yen-funded positions to reassess their financing costs, reshaping the path of equities and bonds.
DXY fell 1.21%, USD/VND barely moved
A weaker dollar globally does not automatically produce an equal decline in USD/VND. Vietnam's foreign-exchange supply, policy reference rate and dong liquidity remain decisive.
VND 1,978 billion in net selling did not decide the VN-Index
The same foreign net-selling headline can accompany either a down day or a rally. New investors need to see where the orders were executed and how the market absorbed them.
Easier LDR Rules Will Not Lift Bank Profits Overnight
A new LDR calculation gives state-owned commercial banks more balance-sheet room. Turning that room into profit still requires credit demand, funding costs and asset quality to move in the right direction.
KBC’s 170 hectares await handover before profit
KBC has signed contracts for more than 170 hectares, but the land cannot become revenue until handover is complete. Its second-quarter results show the cost of that waiting period in both profit and cash flow.
VN-Index Holds 1,700, but Breadth Is Unconfirmed
The VN-Index slipped only 0.51% on July 31, yet declining stocks substantially outnumbered gainers. For new investors, the board tells a fuller story than the headline index level.
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.