VN-Index closed the 26–30/10 week at 1,741.62 points, down 32.53 points (1.83%), as profit-taking pressure emerged near the 1,775–1,800 resistance zone and foreign investors net sold nearly 2,700 billion VND. Agriseco said losing the 1,730-point support could push the index back to 1,680–1,700, while VCBS said VN-Index needs more time to find balance around 1,730–1,750. ASEAN Securities leans toward a 1,720–1,770 range for the week of 2–6/11. On earnings, 880 companies had reported Q3 2026 results, with after-tax profit attributable to parent shareholders up about 48.5%, or about 22.5% excluding VIC and VHM. Analysts note that share prices may not rise in step with profits, as expectations have already been priced into many stocks.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Góc nhìn chuyên gia: VN-Index đối mặt phép thử trong tuần đầu tháng, 4 nhóm cổ phiếu đáng chú ý sau mùa KQKD quý 3
Keywords
VNINDEXearningsforeign investorsvaluation
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
• NeutralRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/30/2026 | 1,741.62 |
| Change that session | -0.80% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Signs of a bottom forming in the stock market
Mirae Asset says the market’s E/P ratio is around 7.5%, equal to the 12-month deposit rate, amid foreign net selling and weaker liquidity. Its 10-year data show strong buying demand typically appeared when E/P reached 8-9% or higher, helping form bottoms in 2016, 2020, 2022 and 2025. As an illustrative valuation scenario for end-2027, the report says that if E/P stays at 8-9%, the VN-Index could trade around 1,700-1,900 points, based on EPS growth assumptions, though this is not a firm forecast. It warns that EPS growth could slow from 30-33% in 2026 to 12-14% in 2027 amid high interest rates, external risks and bad-debt pressure at banks. Mirae Asset suggests long-term investors could consider accumulating once macro factors become more balanced.
- How Will the Stock Market Perform in the Final Months of the Year?
According to experts, the market in the final months of the year depends heavily on the cost of capital, especially interest rates, even though Q3 2026 GDP grew 9.95% and the VN-Index still corrected. Liquidity is weak and foreign investors net sold over 98,300 billion dong in the first nine months, and AZFin's Đặng Trần Phục forecasts that the VN-Index will likely move sideways in Q4. VNDIRECT's Đinh Quang Hinh says the earnings yield of stocks outside the Vingroup group is about 9.6% a year, only about 1.5 percentage points above the 1-year interbank rate. Yuanta Việt Nam's Nguyễn Thế Minh says a 1-percentage-point cut in the 1-year rate could lift the P/E of non-Vingroup stocks by about 6%, while 2027 earnings may be nearly flat. On the positive side, Chứng khoán Tiên Phong (TPS) points to about 573,474 billion dong in public investment still to be disbursed and passive inflows that could exceed 2.2 billion USD after the market upgrade.
- Dragon Capital Reveals a Surprising Fact Behind the VN-Index's Moves
Dragon Capital says valuations already reflect most of the cost-of-capital risk, even as Vietnam's economy grew nearly 10% in Q3 2026. In September, the VN-Index fell 2.9% in USD terms and its year-to-date gain narrowed to 2%, as foreign investors net sold a further 187 million USD on HoSE. The 12-month deposit rate for institutional clients rose to 7.4% in mid-September, 2.4 percentage points higher than a year earlier, as banks competed for long-term funding. VND deposit mobilization grew 11.7% year to date, outpacing 10.1% credit growth, an early sign that rate pressure could ease as long-term deposit rates peak. However, core inflation rose to 4.5% and headline CPI to 5.1%, so the fund sees targeted support measures as more appropriate than broad monetary easing.
- Expert: Most stocks are at their cheapest valuations in five years, but it's not yet easy to "make money"
ACBS expects the market to trade sideways within 1,700-1,900 in the remaining months of the year, with valuations below the recent five-year average. Vietnam was upgraded to FTSE Russell's secondary emerging market status, yet foreign investors are still net sellers, given Vietnam's modest weight in the index and the Fed's 0.25% rate hike in September. High interest rates are weighing on profits across many sectors; banking, which accounts for over 30% of market capitalization, posted weaker Q3 2026 results than Q2, though still up year on year. Ms. Đỗ Minh Trang says banking, oil and gas, insurance, power generation and ports still offer potential if selected carefully, while the real estate outlook is not positive.
- Many companies put profits 'in reverse' over the past nine months
Several companies reported sharp profit declines for the first nine months. Tin Nghia (TID) posted after-tax profit of over 234 billion VND, down 69%, and has completed 52% of its annual plan, while Thuduc House (TDH) recorded an after-tax loss of over 1 billion VND versus a profit of over 103 billion VND a year earlier, largely due to a high base from a court win against the Ho Chi Minh City tax authority. DICERA (DC4) saw nine-month revenue fall 27% and profit drop 9%, with operating cash flow negative by over 115 billion VND compared with a positive 459 billion VND a year earlier. DIC Corp (DIG) posted after-tax profit of over 202 billion VND, up more than 1%, but its revenue fell 14% and only 40% of its annual plan is complete. In the week, the VN-Index dropped 32.53 points to 1,741.62, and foreign investors were net sellers of nearly 84 million units worth over 2,531 billion VND across the market.
- Weekly market review: Liquidity surges, banking stocks lead the rebound
The VN-Index gained 68.24 points (about 4%) over the week to close at 1,774.15, snapping a four-week decline, as average trading volume on HoSE reached nearly 712 million shares per session, up 22.2% from the prior week. VIC contributed more than 36.7 points, while STB rose by its 6.86% daily ceiling to 68,500 dong per share, with a market capitalisation of 129,137 billion dong. Foreign investors were net sellers of over 1,000 billion dong for the week, despite net buying of 190 billion dong on 21/10. BSC sees the index entering a sensitive resistance zone of 1,768 - 1,778 points, while VNDIRECT attributed the rally mainly to reactions to third-quarter 2026 results from banking and real estate stocks. Experts also cautioned against FOMO-driven chasing during euphoric sessions.
Related markets
Latest news
- Prediction: This Will Be Palantir's Stock Price by Year-End 2027
The article asks whether Palantir shares could trade between $230 and $260, or $140 and $160, by end-2027. Revenue in the second quarter of 2026 rose 93% year over year, U.S. commercial revenue grew 149% to $764 million, and the company has beaten earnings estimates for nine straight quarters. Full-year revenue guidance was raised to about $8.15 billion, implying growth of roughly 82%, and the U.S. Army expanded its Maven Smart System contract by $618 million in August. Bulls argue sticky platform demand could support $250 per share or more, while bears point to a high price-to-sales ratio, a drop of as much as 24% from pre-rally highs, and $86 million in share sales by CEO Alex Karp in August. The author leans toward the higher end of the range but says the outcome depends on whether investors stay willing to hold through volatility.
- North Korea tests high-yield cluster warhead capable of flattening 13 hectares
KCNA reported that North Korea's defense research institutes tested a standard Type 2 cluster warhead for tactical ballistic missiles, supervised by General Kim Jong-sik. The test showed the warhead could destroy a target area of 12–13 hectares at its highest dispersal density. An official said cluster warheads come in four types and that by the end of 2026 military units will be allowed to use all of them, depending on combat objectives. The test follows an April trial of a cluster warhead on the Hwasong-11 Ra missile, witnessed by Kim Jong-un and his daughter Ju-ae, and the launch of about 10 ballistic missiles on October 29. Outside analysts see the tests as part of efforts to modernize the military.
- Focused on Inflation? 3 ETFs That Could Help Protect Your Portfolio
The article reviews three ETFs that may partly hedge against inflation, though none is a perfect shield. The iShares 0-5 Year TIPS Bond ETF (STIP) holds short-term U.S. Treasury Inflation-Protected Securities with a 0.03% expense ratio, but its price may fall when real interest rates rise. The Invesco Diversified Commodity Strategy ETF (PDBC), with a total expense ratio of 0.74%, gains commodity exposure through futures, while SPDR Gold Shares (GLD), backed by physical gold, charges 0.40%. Each fund works through a different mechanism and carries its own risks, and the article stresses that an inflation hedge should be only one part of a well-diversified portfolio.
- Alphabet Says Its AI Spending Will Keep Rising. 2 Data Center Stocks to Buy and Hold Through 2030.
Alphabet spent $51.4 billion on capital projects in Q3 2026 to build AI infrastructure, more than double a year earlier. The company kept its 2026 spending range of $195 to $205 billion and said spending will grow significantly in 2027. Microsoft spent $45.2 billion in its fiscal first quarter, below its guidance of more than $50 billion because some third-party capacity arrived late, and expects spending to pick up in the second half, mostly on CPUs and GPUs. The author argues that rising customer budgets benefit Nvidia even as its growth slows, and says Vertiv also benefits from this build-out but trades at a notably higher price-to-earnings multiple than Nvidia.
- Why Earnings Strength Could Change The Case For Freeport McMoRan Stock
Freeport-McMoRan reported third-quarter 2026 sales of US$7,546 million and net income of US$1,174 million, with higher diluted EPS from continuing operations than a year earlier. For the fourth quarter, it guided to its strongest sales of the year, with copper volumes up 17% and gold volumes nearly tripling from the prior quarter. The article argues the investment case depends on whether Grasberg, the Indonesian smelters and U.S. leach and expansion projects run to plan, since disruption in Indonesia or at major brownfield projects could offset stronger profitability. Consensus expects earnings to rise from US$2.9b currently to US$6.7b by 2029, an increase of about US$3.8b, alongside analyst expectations of roughly 17.4% yearly revenue growth and revenue reaching US$41.9b in 2029.
- The Nasdaq Just Flashed a Signal Investors Can't Afford to Ignore. History Says the Stock Market Will Do This Next.
The Nasdaq Composite fell 5.3% in October, its worst monthly performance since the tariff selloff of early 2025, as worries over AI spending weighed on the index. JPMorgan estimates capex among the five largest hyperscalers could approach $900 billion in 2026, up from a $736 billion forecast earlier in the year, and sees global AI capex topping $5.5 trillion by 2030. The Nasdaq has suffered 15 monthly declines of at least 5% over the past decade, and has typically recovered quickly, returning an average of 24% in the following 12 months. While acknowledging that past performance is no guarantee, the author argues that recent quarterly results are only one data point and that the investment thesis for the companies involved remains intact.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.