Market forecast on February 24
Last week (February 17 - February 21), the market continued to recover. According to the record, the VNIndex increased by 1.62% to 1,296.75 points, maintaining the increase for the fifth consecutive week, approaching the important resistance zone of 1,300 points, the resistance level has existed since August 2022. Growth momentum is still maintained thanks to improved liquidity and cash flow returning to leading stocks.
According to Vietcombank Securities (VCBS), in the new week, investors should take profits in stocks that have increased strongly and select stocks with good cash flow to disburse in the adjustment period. UP Securities recommends monitoring the reaction in the 1,280-1,290 zone and accumulating more if the increase continues.
Technically, the VNIndex maintained its upward momentum with the MACD and RSI indicators for positive signals. Kien Thiet Vietnam Securities (CSI) commented that the strategy of holding and increasing the proportion of profitable stocks when the market fluctuates is bringing efficiency.
Asean Securities assesses that the market is at the end of the accumulation cycle with strong growth potential. Investors can consider disbursing when there is an explosive session with high liquidity. If it exceeds 1,300 points, the index can head towards the resistance zone of 1,307-1,327 points, vice versa, if adjusted, the nearest support is 1,280 points.
Top stocks that increased sharply last week
HNX platform
BKC increased by 60.49%, leading the increase with great attention from cash flow.
ATS increased by 50%, benefiting from the general trend of the mineral group.
Social networks increased by 36.96%, attracting attention thanks to improved liquidity.
UpCoM platform
TNV increased by 71.13%, holding the championship position thanks to strong demand.
MLS increased by 53.33%, maintaining the increase with quite low liquidity.
DNM & DRG both increased by 50%, reflecting investors' interest in small stocks.
HOSE platform
YBM increased by 38.84%, continuing the series of consecutive ceiling increases.
PIT increased by 35.66%, thanks to strong cash flow into the small-cap group.
ASP increased by 25.49%, benefiting from the expectation of positive business results.
Notable stock codes of the 24.2 session
Bao Viet Joint Stock Company (BVSC) recommends neutrality for DHA, with a target price of VND 45,700/share (up 9.7%). The main risks include slow progress in public investment, changes in tax policies and setting up bad debt reserves.
Vietcap Joint Stock Company (VCI) maintains PVT purchases, despite reducing the target price by 9% to VND32,200/share due to adjustments to the 2025-2029 profit forecast. Profit in 2025 is expected to increase by 35% thanks to a 30% increase in fleet, increased transportation output by 18%, decreased financial costs by 35% and lower maintenance costs.
SSI Securities remains positive for HDG with a target price of VND 33,100/share (up 19%). Profit in 2025 is forecast to increase by 43%, mainly from the real estate sector (growth of 69%) and hydropower will recover. Legal risks from the Hong Phong 4 project still need to be monitored.
The information in the article is for reference only and is not considered a decision to buy, sell or hold any shares.
Investors need to consider carefully and please consult an expert before trading.
Refer to more stock news HERE.
