External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

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Equity Bottom-Up

<ul><li>Chinese steel rebar and HRC futures surged in mid-September 2024 on China’s economic stimulus package and further monetary easing.</li><li>With the key measures including cuts to key interest rates, reductions in mortgage rates, and decreased payment requirements for secondhome purchases, the stimulus packages are expected to tackle China’s pro-longed real estate weakness and provide a collective boost to construction activity and key materials, such as steel.</li><li>As of mid-October 2024, China’s local HRC futures have risen to CNY3,675/ton, up by 17.2% MoM and narrowed the YTD decline to 10.2%, versus the trough in early-September 2024 (CNY3,026/ton; -28.9% YTD).</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Chinese steel rebar and HRC futures surged in mid-September 2024 on China’s economic stimulus package and further monetary easing.With the key measures including cuts to key interest rates, reductions in mortgage rates, and decreased payment requirements for secondhome purchases, the stimulus packages are expected to tackle China’s pro-longed real estate weakness and provide a collective boost to construction activity and key materials, such as steel.As of mid-October 2024, China’s local HRC futures have risen to CNY3,675/ton, up by 17.2% MoM and narrowed the YTD decline to 10.2%, versus the trough in early-September 2024 (CNY3,026/ton; -28.9% YTD).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Vietnam Steel Sector (Neutral) - Reverse Card

Vietnam

Vietnam Steel Corporation is a manufacturing company. The Company produces and manufactures iron and steel products.

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