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Title:
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Monthly Strategy - January 2012: VNIndex posts biggest one-month gain in a year as macro picture improves
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Category:
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Market Overview
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Source:
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Ban Viet Securities
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Sector:
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Company:
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Detail:
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Date:
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2/2/2012
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Pages:
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14
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Language:
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English
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File Type:
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Size:
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412 Kb
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Summary:
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January’s national CPI rose 1% MoM cf. December’s 0.53%, driving YoY CPI to drop 90bps to 17.3%. This was the fifth consecutive month of declining YoY inflation and the third month were MoM inflation came in below its past decade average. Considering the early Lunar New Year this year, the 1% MoM increase in prices is a vast improvement compared to last January’s 1.7% MoM CPI. Moreover, core inflation, which had been relatively sticky a few months ago has shown signs of easing. It fell 70bps in January YoY to 12.6%, retreating 200bps from its peak in August.
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