Oil and gas stocks have yet to end their slump

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• Investors Sell Off Oil and Gas Stocks

  Oil and gas stocks on the HCMC exchange were sold heavily and closed below reference prices, with PVT hitting its floor price of 21,300 dong on more than 21 million shares matched and GAS, BSR and PVD falling over 2%. Pressure was linked to Brent crude falling nearly 1% to $114 per barrel and investor concerns over major shareholder changes after the government said it will keep 100% ownership of Petrovietnam. HPG gained over 2% on strong Q3 results, while the VN-Index closed at 1,755 points, down more than 11 points, as foreign investors extended their selling streak to five sessions with net sales of over 450 billion dong. MB Securities said the short-term bottom around 1,700-1,720 points has been confirmed, but the index is likely to trade sideways between 1,760 and 1,780 points amid the Fed policy meeting and the Q3 earnings season.

  VnExpress·29/10, 09:11▼ GAS▼ PVD▼ PVT▼ BSRoil and gasoil pricesGAS
• What Is Happening with Oil and Gas Stocks?

  Several oil and gas stocks sold off sharply on 29/10, with PVT, PVP and PPT falling to the floor price, while PVS fell 4.69%, BSR 3.83% and PLX 3.82%. The sector had rallied fast beforehand, with PVT up nearly 60% and BSR and GAS up about 40% from late July to early October, so profit-taking and money rotating between sectors added downward pressure. The VN-Index lost more than 11 points to 1,755.61, with 215 stocks down and 97 up on HoSE, and liquidity near VND 15,700 billion. Beyond energy, FPT fell 2.4% to VND 52,700 per share, its fifth straight session decline and lowest since July 2023, while PNJ dropped 6.41%. Foreign investors were net sellers of over VND 430 billion, and the article suggests the correction is not limited to oil and gas.

  CafeF·29/10, 10:26▼ BSR▼ GAS▼ PVD▼ PVToil and gasVNINDEXforeign investors
• Dung Quat Refinery Operator Deposits Over $2 Billion in Banks

  BSR, the operator of the Dung Quat refinery, has deposited more than VND 58,000 billion with banks, nearly half of its total assets of over VND 120,000 billion at end-September. Of this, nearly VND 57,000 billion is term deposits, up more than VND 20,000 billion since the start of the year, with BIDV holding the most at over VND 12,400 billion, followed by VietinBank and SHB. The move comes as average deposit rates have risen for 11 straight months and exceed 8% a year for 6–12 month terms on published rate tables. In the first nine months, BSR earned over VND 1,800 billion in deposit interest, nearly double the same period of 2025, and post-tax profit of over VND 24,900 billion, 11 times higher year on year; management attributed the gains mainly to Q3 crude oil prices rising from $69 to $97 per barrel amid the Middle East conflict. Techcom Securities said nearly all of the company's core operating profit is converting into cash, and the absence of long-term debt provides a buffer for expansion.

  VnExpress·01/11, 08:15• BSRBSRoil pricesearnings
• How Are Petroleum Businesses Performing?

  Nine-month profits at many petroleum businesses surged, with BSR posting after-tax profit of over 24,900 billion VND, about 11.6 times the same period last year, driven by higher crude prices and wider refining spreads. However, operating cash flow for the first nine months was negative at both Petrolimex and PVOIL, by nearly 2,500 billion VND and over 2,600 billion VND respectively. Short-term receivables reached over 30,000 billion VND by end-September, about 46% of total assets. In contrast, COMECO recorded positive operating cash flow of nearly 69 billion VND with no outstanding borrowings or finance lease debt, while BSR held about 58,650 billion VND in cash and deposits, well above its roughly 13,500 billion VND in debt.

  CafeF·31/10, 14:02• PLX• BSR• GAS• PVDfuel pricesoil pricesearnings
• BSR estimates record 9-month profit, reveals plan to divest state capital

  BSR estimates 9-month revenue of VND164,500 billion, up 80% and 7% above its full-year plan; profit attributable to parent shareholders reached VND22,900 billion, 10.6 times the same period last year, driven by high crack spreads. In Q3 alone, revenue was VND59,900 billion, up 70%, and profit was VND6,900 billion, down 9% from the previous quarter but 7.7 times the year-earlier level. Management forecasts 2027 crack spreads of US$18-27 per barrel, lower than 2026 as shipping through the Strait of Hormuz gradually stabilises. For divestment, BSR aims to complete the state stake sale before 11 March 2027, with at least 2.13% of shares to be sold via public auction; Vietcap says progress is consistent with completion in the first half of 2027.

  CafeF·16/10, 02:25▲ BSRBSRoil pricesearnings
• 14 Fuel Wholesalers Cut Prices by 300–350 VND per Liter Below Administered Levels

  In the October 15, 2026 administered price period, domestic fuel prices fell across the board except fuel oil (mazut), with E10RON95-III gasoline dropping the most, by 1,225 VND per liter. On top of administered prices, 14 wholesalers voluntarily cut retail prices by a further 300–350 VND per liter: PVOIL, Long Hưng and Trường An by 350 VND, 11 others by 300 VND, while 12 others sold at administered prices. As of October 15, 2026, Vietnam's gasoline price was no higher than 27,029 VND per liter, below Thailand, Cambodia, China and Laos, though each country uses different price-management mechanisms. The article also highlights the “Quanh tôi” app from the Department of Domestic Market Management and Development (Ministry of Industry and Trade), launched June 1, 2026, for comparing station prices and reporting violations.

  CafeF·22/10, 07:50▼ BSR▼ PLXfuel pricesoil pricesBSR

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• The Midterms Are Over. Here's What Chip Stocks Did in the Year After Each of the Last 8.

  According to the author, the PHLX Semiconductor Index rose over the 12 months after every midterm vote since 1994 except 2006, when it fell about 5%, with an average gain of about 42%. Four cycles (1998, 2002, 2018, 2022) started with the index down over the prior 12 months and ended among the five biggest gains, averaging about 68%, while the 2006, 2010 and 2014 votes came after gains and produced the weakest results. This year the index is up about 46% over the past year, and it closed Election Day about 28% below its June 22 record of 14,635. The author does not advise pulling out of chip stocks now, but suggests the next 12 months may resemble the quieter post-2010 and post-2014 years with small gains, unless chipmakers' revenue rises sharply.

  Yahoo Finance·05/11, 06:37• NVDAsemiconductorsNVDAmidterm elections
• Amazon Trades at a Fraction of Costco's Valuation. Is the Discount Deserved?

  Amazon trades at a trailing P/E of about 20, roughly in line with the average value stock, while Costco trades at 50 times trailing earnings, richer than most established growth stocks. Amazon's growth has slowed as Alphabet and Microsoft intensified competition in cloud computing, and the market appears to be pricing in a possible end to AWS's strong growth. Costco is viewed as a safe haven as investors worry that AI-related trouble could spread to other parts of the economy. The author argues Costco deserves a modestly higher valuation for its relative safety, but both stocks are pricing in more catastrophe than is realistic. Once these fears pass, Costco may look too expensive and Amazon too cheap, an opportunity the author sees for investors considering a stake in Amazon.

  Yahoo Finance·05/11, 06:35• AMZNAmazonCostcovaluation
• Microsoft declines Nscale Texas expansion ahead of $35 bln IPO - report

  According to the Financial Times, Microsoft declined an option that would have more than doubled its existing contract to rent computing power at Nscale's Ward County, Texas site, a deal potentially worth tens of billions of dollars. Nscale must now find new customers for the site or lose billions of dollars in future revenue. The British AI infrastructure firm posted a net loss of $1 billion on revenue of $141 million in the first half of 2026, and Microsoft earlier pulled out of a $3 billion lease at Nscale's UK site in Essex. Nscale's West Virginia site, central to its $45 billion Anthropic deal, has faced construction delays and local opposition. Microsoft's decision will not affect Nscale's total backlog of $103 billion, though the company is preparing a roughly $35 billion IPO.

  Yahoo Finance·05/11, 06:25• MSFTMSFTdata centersIPO
• State Bank of Vietnam's Region 2 Steps Up Monitoring of Interest Rates on New Transactions

  The State Bank of Vietnam's Region 2 branch will closely track average interest rates on new transactions at commercial banks in Ho Chi Minh City and Dong Nai during the final months of 2026, using actual transaction data rather than only posted rates. Following the Governor's directives, banks must cut average deposit rates by at least 0.5% per year on new deposits with terms of 6 months or more, compared with the period from 11 to 20 October 2026. Banks that fail to comply may face sanctions, including reduced or lowered credit growth targets.

  CafeF·05/11, 06:17interest ratesState Bank of Vietnamcredit
• How the US Economy Could Fare as Trump's Party Loses Control of Both Houses of Congress

  After the 3 November midterm elections, the Democrats won control of both the Senate and the House, and could use budget powers and the debt ceiling to pressure President Trump into concessions. Trump still holds major decision-making power over trade and foreign policy, and his vetoes are hard to override because Democrats lack the seats. Incoming Senate Finance Committee chair Ron Wyden said the committee will pursue a tax plan requiring the ultra-wealthy and corporations to pay their fair share, review health care reform, and reaffirm Congress's authority over trade policy. The economy still looks solid, with unemployment around 4% and third-quarter GDP up 3.4%, but inflation remains well above the Fed's 2% target, pushed up by tariffs, the Middle East conflict and AI infrastructure spending. The article notes the overall impact of Trump's policies remains unclear, and without a budget agreement, government operations could halt while the parties negotiate.

  VnExpress·05/11, 06:10• SPYSPYDonald Trumpbudget
• HDBank climbs 140 places across three Fortune Southeast Asia 500 rankings

  HDBank ranked 121st in the Fortune Southeast Asia 500 list announced on 3 November 2026 in Ho Chi Minh City, up 13 places from 2025 and 140 places since 2024. The ranking by Fortune, based on fiscal 2025 revenue, includes 72 Vietnamese companies (among them 21 commercial banks) with combined revenue of USD 177.9 billion, up 10.5%. In the first nine months of 2026, HDBank reported operating income of VND 34,062 billion (up 12.2%) and consolidated pre-tax profit of VND 18,379 billion (up 24.2%). As of 30 September 2026, total assets reached VND 1.143 million billion and credit outstanding VND 756,000 billion (up 28.55%), with ROE at 22.8%, ROA at 1.9%, CIR at 24.9% and CAR at 13.9%.

  CafeF·05/11, 06:09▲ HDBbanksearningscredit