Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Cross Asset Strategy

<ul>
<li>Vietnam is streamlining transactions for foreign investors through market reforms as it seeks reclassification from frontier to emerging market status, a change that could drive substantial inflows into its equities.</li>
<li>Vietnam's strategic location, low labor costs, and "China Plus One" strategy make it a key player in global manufacturing. Strong domestic growth suggests equity upside.</li>
<li>The iEdge Vietnam 30 Sector Cap Index provides exposure to Real Estate, Financial Services, and Manufacturing. The index’s forward P/E of 13.65 suggests strong earnings growth ahead.</li>
</ul>


Vietnam is streamlining transactions for foreign investors through market reforms as it seeks reclassification from frontier to emerging market status, a change that could drive substantial inflows into its equities.
Vietnam's strategic location, low labor costs, and "China Plus One" strategy make it a key player in global manufacturing. Strong domestic growth suggests equity upside.
The iEdge Vietnam 30 Sector Cap Index provides exposure to Real Estate, Financial Services, and Manufacturing. The index’s forward P/E of 13.65 suggests strong earnings growth ahead.


Vietnam's Equities Poised To Recover On The Back Of Potential Market Upgrade And Easing Overhang

ASEAN Exchanges

Gateway to ASEAN Investment

ASEAN Exchanges is a collaboration among the exchanges in the ASEAN countries with the objectives of promoting greater integration of the ASEAN capital markets, enhancing the visibility of ASEAN as an asset class, and strengthening ASEAN as an attractive investment destination for both ASEAN and global investors.

Current participating ASEAN exchanges (“Member Exchanges”) are Bursa Malaysia Berhad, Indonesia Stock Exchange, The Philippine Stock Exchange, Singapore Exchange, The Stock Exchange of Thailand, and Vietnam Exchange.

<ul>
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The ASEAN IPO market has undergone significant shifts from 2018 to 2023, mirroring global economic trends and regional political dynamics.
</li>
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Compared to markets like the US, UK, and Hong Kong, ASEAN offers unique opportunities and challenges for IPOs.
</li>
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In 2023, global supply chain disruptions, rising inflation, and geopolitical tensions led to market volatility, prompting investors to be cautious and some companies to delay IPO plans.
</li>
</ul>



The ASEAN IPO market has undergone significant shifts from 2018 to 2023, mirroring global economic trends and regional political dynamics.


Compared to markets like the US, UK, and Hong Kong, ASEAN offers unique opportunities and challenges for IPOs.


In 2023, global supply chain disruptions, rising inflation, and geopolitical tensions led to market volatility, prompting investors to be cautious and some companies to delay IPO plans.



<ul>
<li data-start="2" data-end="219">Agriculture is a key driver of Southeast Asia’s economy, contributing 11% of ASEAN’s GDP in 2022 and employing about a third of the region’s workforce, with even higher shares in Myanmar, Cambodia, and Laos.</li>
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The sector plays a crucial role in ASEAN’s economic stability and food security, particularly in agriculture-centric countries.
</li>
<li data-start="358" data-end="528" data-is-last-node="">
With Southeast Asia’s population projected to grow by 780 million by 2050, food supply chains will face significant pressure, further intensified by climate change.
</li>
</ul>


Agriculture is a key driver of Southeast Asia’s economy, contributing 11% of ASEAN’s GDP in 2022 and employing about a third of the region’s workforce, with even higher shares in Myanmar, Cambodia, and Laos.

The sector plays a crucial role in ASEAN’s economic stability and food security, particularly in agriculture-centric countries.


With Southeast Asia’s population projected to grow by 780 million by 2050, food supply chains will face significant pressure, further intensified by climate change.



ASEAN Agritech: Key Beneficiary of the AI Revolution

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>Viettel Construction (CTR VN) and EVN Finance (EVF VN) will be added to the MarketVector Vietnam Local Index at the close on 21 June.</li>
<li>Estimated one-way turnover is 5.2% and that results in a one-way trade of US$27m. There are 3 stocks with more than 1x ADV to buy from passives.</li>
<li>There will be over US$1m to buy in <a href="https://www.smartkarma.com/entities/vinhomes-jsc" target="_blank" data-smartkarma-citation="entities:27079:1" rel="noopener">Vinhomes (VHM VN)</a>, <a href="https://www.smartkarma.com/entities/bank-for-foreign-trade-of-vietnam" target="_blank" data-smartkarma-citation="entities:23054:1" rel="noopener">Bank for Foreign Trade of Vietnam (VCB VN)</a> and <a href="https://www.smartkarma.com/entities/vingroup-jsc" target="_blank" data-smartkarma-citation="entities:13213:1" rel="noopener">Vingroup Jsc (VIC VN)</a>. </li>
</ul>


Viettel Construction (CTR VN) and EVN Finance (EVF VN) will be added to the MarketVector Vietnam Local Index at the close on 21 June.
Estimated one-way turnover is 5.2% and that results in a one-way trade of US$27m. There are 3 stocks with more than 1x ADV to buy from passives.
There will be over US$1m to buy in Vinhomes (VHM VN), Bank for Foreign Trade of Vietnam (VCB VN) and Vingroup Jsc (VIC VN). 


MarketVector Vietnam Local Index Rebalance: Two Adds and Other Changes

<ul><li data-start="0" data-end="185">Financial markets have sharply revised Fed policy expectations for 2024, shifting from anticipating seven rate cuts to just two (September and December) due to strong economic data.</li><li data-start="187" data-end="364">Bond investors previously pushed for permanently easy monetary policy post-GFC, reinforcing the secular stagnation thesis, even amid rising inflation after the pandemic.</li><li data-start="366" data-end="567" data-is-last-node="">For the first time since the 2013 taper tantrum, bond investors are now more hawkish than the Fed, signaling a potential shift toward more realistic policy expectations after years of dovishness.</li></ul>

Financial markets have sharply revised Fed policy expectations for 2024, shifting from anticipating seven rate cuts to just two (September and December) due to strong economic data.Bond investors previously pushed for permanently easy monetary policy post-GFC, reinforcing the secular stagnation thesis, even amid rising inflation after the pandemic.For the first time since the 2013 taper tantrum, bond investors are now more hawkish than the Fed, signaling a potential shift toward more realistic policy expectations after years of dovishness.

Significant Shift in Fed Policy Expectations

Vietnam

Market Vectors Vietnam ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the price and yield performance of the Market Vectors Vietnam Index. The Fund invests at least 80% of its total assets in securities that comprise the Fund's benchmark index.

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Market Vectors Vietnam ETF (VNM US)

Vietnam's Equities Poised To Recover On The Back Of Potential Market Upgrade And Easing Overhang

Vietnam’s investment case is bolstered by its global manufacturing appeal, concentrated sector opportunities with promising growth, and early signs...

Mint Finance

ASEAN IPO Capital Market Outlook

The ASEAN IPO market has undergone significant shifts from 2018 to 2023, mirroring global economic trends and regional political...

ASEAN Exchanges

ASEAN Agritech: Key Beneficiary of the AI Revolution

Agriculture is a key driver of Southeast Asia’s economy, contributing 11% of ASEAN’s GDP in 2022 and employing about a third of the region’s...

ASEAN Exchanges

MarketVector Vietnam Local Index Rebalance: Two Adds and Other Changes

Viettel Construction and EVN Finance will be added to the index at the close on 21 June. Estimated one-way turnover is 5.2% and that results in a...

Brian Freitas

Significant Shift in Fed Policy Expectations

Financial markets have sharply revised Fed policy expectations for 2024, shifting from anticipating seven rate cuts to just two (September and...

ASEAN Exchanges

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)