UEFA sponsorship Azerbaijan relies on a new strategy

Status: 12.06.2021 12:17 p.m. Azerbaijan’s capital Baku is a venue for the European Football Championship. State-owned oil company SOCAR has been a UEFA sponsor since 2013, but recently it dropped out. It’s part of a new strategy. From Silvia Stöber, tagesschau.de Azerbaijan’s capital, Baku, shows itself from its brilliant side: three group matches and the quarter-finals of the European Football Championship will be played in the national stadium, which was opened in 2015. The state-owned energy company SOCAR signed on as a sponsor eight years ago for 90 million euros. However, its logo has recently been missing from the UEFA website. When asked by German media such as “11Freunde”, the European Football Association only confirmed the departure of SOCAR. There are several reasons to part with the oil company: The involvement in sport should distract from the human rights violations of the leadership in Baku, which has critics of the authoritarian and corrupt government persecuted and imprisoned – is one charge, another: Propaganda against the enemy neighbor during the war in autumn, with SOCAR mainly sharing tweets from the Azerbaijani leadership.

06/11/2021

New business strategy

However, according to news on Azerbaijani websites, the initiative to break up did not come from UEFA. Accordingly, SOCAR decided to end the sponsorship. At the end of May, the financial news portal fins.az quoted the deputy head of the public relations and event organization department of SOCAR, Ibrahin Ahmedov, saying that the company had changed its business strategy. For those projects that no longer fit, the expenses would be reduced. This also includes the extension of the partnership with UEFA. The press organ “iki sahil” explained that SOCAR decided in 2019 to rethink its old business strategy. With the management consultancy McKinsey, a new one has been developed for the period up to 2035, which takes into account the transformation of the global economy, the fourth industrial revolution and the energy transition.

02/09/2020

Questions about the political benefit

In fact, the question arises how profitable the costly sponsorship as well as the Hosting sports and cultural events for Azerbaijan were. The country has become better known around the world since it hosted the “Eurovision Song Contest” in 2012 and sports events such as Formula 1 in Baku every year since 2016. But sports and cultural events were always associated with reports on authoritarian governance, corruption and the human rights situation. This was ensured by national and international actors from civil society, the media and politics.

06/12/2015

In Azerbaijan, hoped for political support for the forcible recapture of areas under the control of enemy neighbors Armenia was limited to a few countries such as its close ally Turkey. Whose President Recep Tayyip Erdogan will not only use the European Football Championship to play in the group game between Turkey and Wales in Baku. He will also be in that during the war in autumn conquered city of Shusha travel.

analysis 01/10/2020

Heralded the post-oil era

Apart from that, SOCAR’s withdrawal from sponsorship shows the adaptability of the leadership around President Ilham Aliyev, who succeeded his father Gaidar in office in 2003. The often underestimated president succeeded in asserting himself against competitors and old power structures. To this end, he appointed his wife Mehriban Aliyeva as his deputy in 2017. She comes from a business family from Baku that has a corporate empire with Pasha Holding, but is considered more modern than the conventional oligarchs.

March 13, 2021

Modernization was the Aliyev’s response to severe crises that befell the country from 2014 onwards. At that time, oil prices fell massively for the first time. Azerbaijan experienced the first recession since 1995, the central bank had to devalue the national currency sharply. Despite the repression, the population’s displeasure over falling incomes was expressed in protests. In previous years, experts had warned of the dry up of energy sources on land. Extracting oil and gas from the Caspian Sea is more complex and expensive. At the World Economic Forum in Davos in 2018, Aliyev said: “When we saw a significant drop in oil prices, I said the post-oil era had already begun for us in Azerbaijan. We should forget about oil and gas.” He made the diversification of the economy the main objective. The main sources of income should be innovative technologies, entrepreneurship and agriculture.

Digital and green technologies

In fact, Aliyev filled senior posts with young technocrats. you de-bureaucratised and digitized the administration – to the delight of the citizens, who can now receive services from the state without bribery. Foreign companies should be able to invest more easily in special economic zones.

04/11/2018

Aliyev drew up ambitious plans for the areas recaptured during the war with the use and development of digital and green technologies. The British company Chapman Taylor received the contract for the town planning from Schuscha, who had previously carried out construction projects for Pasha Holding. Turkish companies, some with ties to Erdogan, take on infrastructure and mining projects.

Elite corruption remains

Experts and journalists point out that these contracts were awarded without tenders and transparency. This gives rise to the assumption that the fight against corruption is intended to spare the elite sector who want to develop sources of income apart from oil and gas with new branches of the economy. The fact that Azerbaijan is undergoing modernization, but not democratization, is also supported by the result of the parliamentary elections in 2020. To the disappointment of many of the younger generation, mostly old cadre members remained. Many new candidates from the ruling party were also not considered. The leadership used the strict restrictions at times during the corona pandemic to crack down on government critics. It remains to be seen whether the Azerbaijani leadership will withdraw from sponsorship entirely and whether other states with a similar background will also reconsider their commitment. For associations like UEFA, the question would then arise of how expensive events can be financed in the future.

02/11/2020

Consumption around the EM Will football boost the economy?

Status: 11.06.2021 09:55 a.m.

Normally, major sporting events create a special boom in the economy. At the EM this year it will be a little different. From Notker Blechner, tagesschau.de Actually, the “Euro 2020” should stimulate Europe’s economy, especially tourism. For the first time, the European Football Championship will take place in several countries – so the organizers originally hoped that thousands of fans would travel across Europe, go out to eat, shop and stay in hotels. But because of the corona pandemic, this calculation no longer works. Most cities will have a limited number of viewers. Many fans refrain from traveling and prefer to stay at home in front of the television at home.

Only limited economic stimulus

The direct economic effects on the host countries of the EM are likely to be limited. The travel industry, gastronomy and hotel business are not expecting a large boost from foreign guests. Even in the only German European Championship host city Munich, the expectations are not too high. Especially since there was no special boom for the construction industry in the run-up to the tournament – unlike at previous events. Most of the stadiums have not been specially modernized for the European Championship, as is usually the case with major sporting events. The infrastructure in the host cities was also not extensively renovated. “Since the games are being played all over Europe, there was no need to invest heavily,” explains Gert Wagner from the German Institute for Economic Research (DIW) tagesschau.de .

No million investments in infrastructure and stadiums

It was different at the previous European Championships: For the Euro 2012 in Poland and Ukraine. Ukraine invested eleven percent of their gross domestic product and Poland seven percent in the expansion of the stadiums and infrastructure, as the Berenberg Bank has calculated. However, the hoped-for economic boom did not materialize afterwards – at least in Ukraine. The 2016 European Championships in France were more successful: hosting the tournament in their own country cost a good 200 million euros in public expenditure. This contrasted with 1.2 billion euros in revenue. According to an estimate by the European football association UEFA, half of these came from foreign visitors. Not included in the balance sheet, however, are the costs of 1.6 billion euros for the construction and modernization of the French stadiums. This time, the EM should bring the greatest impetus to domestic consumption. Many Germans are expected to spend more money on new televisions, beer, chips, grilled food and maybe a few fan items in June and July in order to watch the European Championship games in their own four walls or in the garden at home. “Basically, consumer goods companies that do a lot of advertising benefit, sporting goods outfitters, food manufacturers and of course beer brands that do particularly well when the weather is good. When there is a barbecue, more beer is drunk,” says capital market strategist Oliver Roth from banking house Oddo Seydler.

More business with TV sets?

According to a survey by the trade association HDE, 41 percent of electronics retailers expect higher sales. Because experience from past major sports events shows that “before and after the start of the tournament, particularly large TV sets are purchased”, according to the market watchers from Nuremberg-based GfK. Electronics retail chains such as MediaMarkt Saturn are already feeling “an increasing interest in large-format TV sets”. After the end of the corona lockdown, the Germans’ desire to consume is likely to reawaken anyway. During the pandemic, many German citizens had no way of spending their money on travel or expensive restaurant and concert visits.

Brewers increase their capacities

Other industries also believe in an EM effect. Every third grocer is hoping for more income from the European Championship, according to the HDE survey. The brewers in particular have increased their capacities and are hoping for good summer business. However, Corona continues to get in their way. Because public viewings, where the beer flows freely, will probably only take place on a small scale. So far, “our business has only been running with slowed-down foam,” explains Holger Eichele, General Manager of the German Brewers’ Association. The sporting goods manufacturers are traditionally considered to be the greatest beneficiaries of a European Football Championship. Adidas, Nike, Puma & Co have been preparing for months with extensive marketing and advertising campaigns for the sporting event of the year. The further the national team they have equipped goes, the better business with the jerseys is. Adidas and Nike deliver a duel here. The brand with the three stripes has three favorites for the title: Spain, Belgium and Germany. Nike can score with world champion and title contender France as well as with secret favorite England. Adidas also provides the official match ball, the Uniforia.

It depends on the cut

How big the consumption effect is in different countries ultimately depends on how well your own team performs. Should the kickers of the outgoing national coach Jogi Low manage a new edition of the “summer fairy tale” from 2006 or 2014, the consumer mood in Germany is likely to jump even stronger. In the betting offices, however, the Löw team is only considered an outsider this time. In the past, winning a World Cup or European Championship title not only boosted consumption, but also infected the stock markets. The stock market of the respective European or world champions usually developed better than the MSCI World Index after the tournaments. DIW economist Wagner, however, considers the psychological impulse to be the most important: “We will get a demonstration that we have the pandemic largely under control in Europe. That will be an important signal.”

After Norwich and Watford are sure to have two official tickets to promote the Premier League 2021/22, the remaining spot will be a play-off between four Brenford clubs (78 points), Bournemouth (77), Swansea City (77) and Barnsley (77). When the Championship 2020/21 has 2 rounds left and the distance between Barnsley and the team behind Reading is 8 points. Therefore, the four clubs mentioned above will face off to win the remaining tickets. Play-off Championship has 2 rounds of semi-finals and finals. The semifinals will be kicked out in the first and second round format. The two teams won the play-off final. They will attend the most expensive match in the world. The team that wins the play-off final wins the final ticket to promote the Premier League 2021/22. According to Sky Sports, the ticket to the Premier League is worth more than 100 million pounds. In the 2017/18 season, Fulham pocketed a £ 149.3 million after going up to the 2018/19 Premier League, beating Aston Villa in the 2017/18 play-off final. Compared to current clubs, Brenford is desperate to get a ticket to the Premier League next season. In the 2019/20 season, Brentford clashed with Fulham in the world’s most expensive match. Unfortunately, they lost the match again and let Fulham move up to the Premier League. At that time, the Telegraph reported, the amount of money that Fulham got from this match up to 170 million pounds.

“Let’s live up to the new era and go on a new journey together”, hosted by Shenzhen Private Equity Chamber of Commerce, Private Equity Ranking Network, and co-sponsored by Huabao Fund and Century Securities, Ping An Securities, China Securities, Yunxi Fund, Hongxi Fund, Co-organized by Senrui Investment, specially co-hosted by Shenzhen Local Financial Supervision and Administration Bureau, specially supported by the People’s Government of Futian District, Shenzhen, and supported by the Fund of Funds Research Center as a strategic support unit The 15th China (Shenzhen) Private Equity Summit Forum kicked off on April 22, 2021 at the Futian Shangri-La Hotel, Shenzhen.

Zhao Yuanyuan, vice president of Shenzhen Qianhai Jianhong Times Assets, has been engaged in securities investment research for 15 years, master of economics from Southwestern University of Finance and Economics, CFA holder. He once engaged in macro strategy research at Guotai Junan and other securities firms, and was shortlisted as the best analyst of “New Fortune” in 2009. He successively served as a fund manager in public equity institutions such as Caitong Fund and Huashang Fund, and won the 13th China “Golden Fund” Partial Equity Mixed Fund Award. The 1-year, 2-year, and 3-year champions of private equity strategic products (private equity ranking, data as of the end of 2020).

Zhao Yuanyuan, Vice President of Shenzhen Qianhai Jianhong Times Assets

The following is the full text of the speech:

The host has already introduced that our company is the champion of the stock strategy group in 2020, and we are also the champion of the stock strategy subjective long strategy in the past 5 years (the scale of 100 million to 100 million). At the same time, I am also the ranking net in the first quarter of this year. The champion of the stock strategy fund manager ranking.

Since last year, our company has changed from managing its own funds to raising capital from outsiders. Everyone may be curious about why our products have performed very prominently in the past two years. Looking at this performance curve, we have not only made a good profit, but also a very small drawdown. We are one of the few companies in the market that can control the drawdown very small while achieving high returns.

Everyone would like to know our strategy very much. Today I will be very frank with you colleagues to exchange our strategy. no doubt, Stock selection is very important, and we have done a very outstanding job in this regard. But if only relying on an excellent stock selection strategy, can the performance be so smooth? The answer is no. We think that we can make the performance curve so smooth by timing . Many friends don’t trust the timing strategy so much, but I will tell you why we can do this timing strategy well.

I remember that in January this year, many reporters and friends came to interview and asked what do you think of the championship spell? The so-called championship spell is that if you win the first place last year, it is usually possible to fall to the bottom half in the second year. . This is how I answered. Of course, this is my personal understanding, not necessarily correct. What is the reason for the championship spell? The first is that many fund managers are good at stock selection, and they are only good at stock selection. Such fund managers generally have their own ability boundaries, and they tend to be in the direction that they are familiar with, such as growth, such as consumption or For medicine, choose a company that has been thoroughly researched in the field you are familiar with.

We say that a good company does not necessarily perform well in every period. After all, it is a stock. As a stock, it will definitely be affected by the macro cycle or market risk appetite. If your investment target is also confined to a single field that you are good at, it may appear to be very good in the field you are good at last year, but due to the rotation of styles in the second year, the performance of that industry will not work. At this time, the so-called championship spell appeared.

We made good use of a macro cycle last year, and many times our stock picks also benefited from the epidemic. But if I just rely on this, it cannot explain why this year, I have still been able to win the championship in the stock strategy group. Our timing strategy is to ensure that in every economic cycle or every monetary cycle or style preference cycle, we can select the best performing industry at the time. Only in this way can we ensure low retracement and high returns. If it is always confined to one industry or one type of industry, there will be a relatively large drawdown. This is the first point I want to emphasize, The important reason for ensuring low retracement is the timing strategy.

Second, whether the championship spell can be broken or not depends on whether the strategy itself is objective. Although we call the subjective stock strategy, we are not actually making decisions with our heads. In our timing strategy, every step of our decision-making is based on objective economic data. Whether it comes from macro or market data, we are all Rely on these objective variables to guide the operation. If a company that won the championship does not rely on objective strategies to guide operations, but rely on subjective judgments to operate, there may be a “championship curse” problem.

There are many methods for timing strategy, quantification is one method, and we adopt a top-down macro strategy. Why use this? Or why I think I can use this strategy well, but this strategy is not suitable for everyone? This has something to do with my background.

Why can I do a good macro strategy? First of all, I studied economics in my school, and my macro skills are very good. Later, I did 7 years of macro strategy research in an institution like Guotai Junan. At that time, the direction was the allocation of large-scale assets and industry allocation. When should I take a high position and when should I buy which industry? This is what I studied at the time. The direction, after seven years, has laid a good foundation. Compared with those fund managers with industry research background, my way of thinking may be quite different from him.

Second, I later worked as a public fund manager for 5 years. In these 5 years, I basically applied my previous top-down strategy to my public offering products. In public offerings, position restrictions and individual stock restrictions cannot optimize this strategy, but as the strategy gradually matures, we have also achieved good returns during the public offering, ranking in the top 14%. After the private placement, because my position can change drastically and the industry configuration can also be extreme, I have maximized the advantages of this strategy. This is what everyone sees that I have achieved in private equity.

This is myself, Why should I do a macro top-down strategy and timing strategy are related to my discipline and background.

Let me introduce our team. Mr. Bian I work in an insurance company. Everyone knows that insurance companies manage large funds. Mr. Bian is also very accurate in the general direction, and he guides us. Although I said that the macro can guide us to do some asset allocation, after all, it cannot be refined to the daily operation, because in my experience, the macro variables can guide the weekly level operation is already very good, but if you want to refine it to the day level In fact, it needs some other indicators and other capable people to cooperate.

We also have two outstanding fund managers, Chen Zhihui Sir, his way of thinking is slightly different from mine. He pays great attention to the signal reflection of the market itself. Mr. Guo It is our quantitative fund manager, and we also have a relatively small amount of quantification. Relying on Mr. Guo and Mr. Chen, they cooperate with the two fund managers in front of us who are guided by the macro, and we can refine our operations from cycle to day. This is our team.

The performance has just been introduced. Let’s go directly to our top-down investment strategy.

What is the first important factor that determines the stock index? Maybe many people like to use the economic growth rate to be linked to the stock index. This method is correct, but it is not entirely correct. Only when there is a sharp turning point in economic expectations, we will judge the stock index by economic growth. The so-called sharp turning point refers to a major event such as a trade war or an epidemic that can greatly reverse economic growth expectations. Only then do we need to consider the impact of economic growth on the index.

Last year there were two significant adjustments: one was the outbreak of the epidemic in China. The second time was the outbreak in the United States, and these two times led to market adjustments. Maybe some people didn’t pay much attention to it when the news of the epidemic first came out. But it only took me an hour to study this. The RNA virus is a single-stranded ribonucleic acid that can be recombined with any other nucleic acid fragments. The variability of this virus causes this matter to not end so quickly. So before the Spring Festival, we reflected on this matter. This is the first factor that affects the index, the economic expectation has a big turning point.

What is the second factor? It’s currency. Everyone may look at different monetary indicators. Some people look at interest rates. I remember that when the market adjusted last week, a sell-side analyst came out and said that our social financial data was not as good as expected, but I personally didn’t think so. Because in all the research I have done, there is only one macro variable that affects the index, that is, the base currency. Only it has a great correlation with the index, so I can’t tell the story by looking at the social financial data. In my case, social financial data affects the price of industrial products, and social financial represents the currency flowing into the real economy. Our index not only considers the liquidity of the real economy, but also considers the virtual economy, especially the virtual economy.

The basic data is the sum of the currencies issued by the central bank, and it also includes the virtual economy and the real economy. Only by considering this can it be complete. This law is not only established in China’s A-shares, Hong Kong stocks and the US S&P 500 are most closely related to the base currency, or the size of the debt side of the central bank’s balance sheet.

For example, there was a wave of small adjustments in January this year, which was one or two weeks before the Spring Festival. What happened to the base currency at that time? In fact, there are many variables for us to track the base currency reference, such as reserves, such as targeted loans, these are all possible. Another important reference variable is the central bank’s attitude towards the interest rate corridor. We should not stare at the open market operation itself, but should look at the background of the open market operation under what interest rate background, and what shape he wants to describe the interest rate corridor.

From this perspective, on January 15th, the MLF was shrinking at that time. That was the reason for the market adjustment in January. We judge the central bank’s monetary policy in two dimensions, the first is forecasting, and the second is tracking. Forecast, what can you look at? Generally speaking, we look at inflation and economic growth. These two data are more reliable.

When the market adjusted last week, some sellers said that our inflation data was too high, which would allow the central bank to collect currency. I also hit X in this sentence. why? In fact, when we look at whether an economic variable has an impact on the central bank, we need to look at its comparison with its target value. For example, for inflation, the central bank’s target for this year is 3%, but according to my forecast model, the highest value of CPI this year will be around 1.9 in May and around 2.1 in November, which means that the level for the whole year is certain. It is below 2, which is far from the 3% target. For the rest of this year, there is no need to consider whether inflation will affect the central bank’s monetary policy, and no need to consider at all.

in contrast, Economic growth will actually have a greater impact on the central bank’s monetary actions . The GDP in the first quarter was not as good as expected, and the two-year compound growth rate was only a few 5% points, which has not yet reached the 6% level. Especially in the manufacturing industry, the first quarter was very poor. In this context, I think it is unlikely that the central bank will make monetary adjustments in a tighter direction at the Politburo meeting. This is my judgment. It depends on which economic variable the central bank is mainly considering at the time, and what the target value of this variable corresponds to. Therefore, this year there is no need to consider inflation, only growth.

In addition, the central bank may also consider other things. For example, when the RMB appreciated the most against the US dollar last year, the central bank said at that time that our monetary policy should consider employment. What’s the meaning behind this? The exchange rate is related to exporting companies, and exporting companies, especially small and medium-sized export companies, are very important entities for employment. So what the central bank said at the time meant that if the renminbi continued to appreciate in this way, we would release the water. I think The meaning behind him is this. Fortunately, within two months, the U.S. dollar began to appreciate against the renminbi, so the current exchange rate does not need to be considered, but at that time, the currency policy of the central bank did not need to be considered.

There is also an unconventional factor. For example, the base currency was actually very abundant in November and December last year. It was because of the large number of defaults on credit bonds at that time. The central bank took some unconventional measures in order not to proliferate this matter. The currency was released in November and December. This can also explain why the currency will start to be collected on January 15, when it was not particularly obvious at the time, but it was indeed shrinking. It is because at the end of last year, the liquidity of credit debts needs to be corrected in January, because the problem of default of credit debts was not so obvious in January, and there is no need for the central bank to do anything. So the central bank accepted the currency in January.

Just now I told you how to predict the monetary policy of the central bank, looking at the distance between conventional economic indicators and economic targets, and considering some unconventional economic indicators in light of the current situation. Conventional economic indicators are inflation and growth, and unconventional economic indicators include credit debt and so on. If it is not pre-judged, you can also track some of the high-frequency behavior of the central bank. If it is a stock index futures, it will be easier to understand. If the MLF is shrinking on January 15th, you can empty the stock index that day. This is an explanation of the January adjustment.

After February, everyone knows that we have continued to do the MLF in the same amount for three consecutive months. In other words, in these three months, the global index or, specifically, the Fed’s liquidity will affect the index. The Fed’s liquidity is a very important factor that led to the adjustment of the Shanghai and Shenzhen 300 Index on February 18. Why cut from domestic monetary policy to foreign countries?

Because the domestic economic variables at that time were completely meaningless, and the same amount was continued for 2, 3, and 4 for three consecutive months. When domestic currency changes can no longer guide you to look at the index, you must consider foreign ones. Because we track the Northward funds every day, we calculate the correlation between the Northward funds and the CSI 300 every day. Once we find that the correlation between the Northward funds and the CSI 300 analysis graph has improved on many trading days, the focus should be shifted to foreign countries at this time. Liquidity.

In addition, we also need to look at the real interest rate of US Treasury bonds, the ten-year real interest rate, the exchange rate of the US dollar against the RMB, and the MSCI emerging market index. Beginning in mid-March, U.S. Treasury bonds began to plummet, and emerging market indexes began to plummet. At that time, the exchange rate of the US dollar to the RMB also began to figure out, and it was in an upward direction. In addition, the correlation between Beijing Capital and the CSI 300 has begun to increase, and at this time the focus should be on changes in foreign liquidity.

Why did the Shanghai and Shenzhen 300 plummet at that time, and the so-called Baotuan Baima stocks represented by food and beverages began to collectively slump? It is because at that time, as the number of new crowns in Europe and America dropped every day, crude oil and copper began to skyrocket. Once this phenomenon occurs, it is natural to think that the capital or foreign capital will begin to withdraw from the A-share market.

The most sensitive to the Fed’s currency is emerging markets or some highly valued U.S. varieties The so-called risk assets are the most sensitive to the Fed’s currency. Once such a phenomenon occurs, we can know that foreign capital is about to go, and that all the baijiu that foreign capital has heavy warehouses should go away first. I will talk about industry configuration next. This will not only affect my judgment on the index, but also my judgment on industry configuration or market style. This is how domestic and foreign liquidity affects the index.

Up to now, in recent weeks, since the daily number of new crowns in the United States has flattened out, capital from the North China has not flowed out, and liquor beverages have bottomed out. At this time, I returned to focus on domestic monetary policy. Why did the market fluctuate in the last two days and everyone always said that the central bank adjusted its monetary policy? It is because now that we no longer care about foreign countries, the number of new additions in the United States has been flat. Later, if I want to predict the next market index, I may also focus on the expected changes in domestic liquidity.

In fact, when the macro cycle fluctuates greatly, for example, last year, it was judged that the stock index should contribute a lot to the performance. But like this year, I think that the possibility of obtaining excess returns is not a judgment on the stock index, but a judgment on the industry.

What industry when? What I have listed here are the contributions of all fund managers in our investment department, which I think are good tracks. In January, when I was interviewed by many media, I made it very clear that the four industries I am optimistic about this year are intelligent automotive, the second is carbon neutrality, and the third is demand-side reform. Next comes advanced manufacturing. But this does not mean that I bought these stocks. These are two different things. This is the difference between research and investment.

These stocks are well studied just to put the stock pool in. When should they buy carbon neutral? When to buy an intelligent car? When should I buy the value economy and lazy economy listed at the end of my list, and when should I buy these for consumption? This is another timing system to answer this question. This is more of a bottom-up stock selection. This should be the most similar to its peers. It is to pick a good track first, and pick a good stock from a good track, just like its peers. But the next point I want to talk about is that I am different from my peers, that is, I am optimistic about these things, when I will buy them into my stocks.

Three factors are mainly considered:

The first is market risk appetite. The most important reference factor is interest rate or spread.

The second is the funding trends of institutions, which are more of game thinking.

The third is the verification index, echoing the same industry.

The first risk appetite , I see a lot of information every day, all kinds of good and bad, should we turn the news we read every day into our trading behavior? In fact, you need a framework like you to filter this information. For example, I currently have more than 500 WeChat groups, and I don’t know how much information is available every day. Let’s filter inside, what can be transformed into your buying behavior, and what can’t?

First of all, the first point is to judge the risk appetite of the market. The most reliable way is to look at how the market responds to the news. For example, in the past two days, a policy for electrified energy storage has been issued. How do the stocks of relevant electrified energy storage reflect? If it rises before the news comes out, but does not rise after the news comes out, how does the stock react to the good news? This way of reflection directly reflects risk preference. But this is a bit subjective. I said that our strategy must be objective, and the strategy must be linked to actual data.

The objective data I pay more attention to include: For three-year government bonds, or the spread between ten-year and two-year periods, credit spreads are occasionally looked at. This concretizes my judgment on risk appetite. Why look at the three-year national debt? This is the relationship between the three-year Treasury bond and the industry that performed best in the past five years. It can be seen that the industry that performed best when interest rates fell is generally the cycle or growth, or theme.

If interest rates are rising, the best performing industries are either big consumption or big finance. Why is it a three-year period? I personally understand that because generally speaking, the interest rate of treasury bonds for a period of one or two years reflects the liquidity of the market, while the interest rate of the forward period, like a ten-year period, contains information on liquidity, inflation expectations and risk appetite inside. If the interest rate difference is made, the ten-year period minus the two-year period will only have risk appetite, while the three-year Treasury bond interest rate has both liquidity and risk appetite information in it.

After the Spring Festival last year and before May 1st, interest rates fell sharply, and the currency and finances were both loose. At that time, it should be selected in the growth and cycle. Combined with the situation at that time, in terms of stock selection, due to the sharp drop in interest rates at that time, everyone had a high tolerance for risk, so instead of choosing some transformation stocks, they performed better than IDC stocks in the main business. This is an example from last year.

Interest rates began to rise on May 1st last year, and this upward trend basically continued until December last year. After May 1st last year, we participated in several relatively good industries. One was medical supplies, such as gloves. Later, he participated in new energy vehicles, and finally participated in a little bit of liquor. Why did you choose these industries? Because the entire interest rate is in an upward cycle, we should be biased towards large consumption in terms of industry selection.

Everyone remembers news about semiconductor shortages and price increases. In fact, it started in the third quarter of last year. In the third quarter of last year, we often saw such information when reading the news, but then we saw the information about semiconductor shortages and price increases. At that time, would you buy semiconductors? My answer is no. why? Because the semiconductor is a TMT industry, it is essentially a growth-type industry. When the interest rate rises sharply, the performance of the growth-type industry is unsatisfactory. This is how I rely on the risk appetite system to guide me to choose the industry and the news we see.

However, this strategy is not very easy to use after February this year, so my chart has not been updated because interest rates have flattened since February. At this time, we can no longer use the framework of risk appetite to do industry configuration. Instead, we should look at another major factor that affects industry configuration: the game of capital. We know that the preferred industries of Beijing Capital and Insurance, and the preferred industries of public offerings and individual investors are slightly different.

For example, carbon neutrality. When I was interviewed in January, I listed it as my second industry optimistic. But I didn’t buy it. The time when I really bought carbon neutrality was after the Baima stock group collapsed, that is, after February 18. Why did you choose this time? Just now I told you how I used the U.S. Treasury bond interest rates, exchange rates, emerging market indexes, and the correlation coefficients between Northbound funds and the Shanghai and Shenzhen 300 ticks to determine when the Great White Malaysia stocks collapsed.

Because in January, the discussion was in full swing when the group would collapse. In fact, I don’t think there is any need to participate in the discussion. There are really many objective indicators. You can stare at these economic indicators. The four indicators I mentioned earlier will know when to escape from liquor stocks and home appliances. Or the industry preferred by foreign capital.

The reason why carbon neutrality can only start slowly after February 18th has a lot to do with the escape of Beijing capital from A shares. , If there is no such factor in it, I don’t think it will be fully involved in the theme of carbon neutrality. But at that time, I cut out everything related to consumption because I saw the outflow of funds from the north, which led to a change in the industry style of the entire market. Because we are a stock game, when the big white horse does not work here, funds will definitely look for some hot spots in the small and medium caps. But how many positions you have to take to participate in this kind of theme investment should also be judged based on the performance of the white horse and blue chips at the time.

In addition to the collapse of the White Horse stock market, there is another factor for carbon neutrality, that is, everyone expects that this industrial policy will come out before and after the two sessions. Therefore, we also cooperated with the timing of the two sessions and chose to participate at that time instead of participating when we told reporters in January. This is an example I cite. At certain times, for example, when our risk appetite or interest rates begin to not guide you to judge the industry, how do you judge the industry configuration from the perspective of institutional gaming?

The third is the verification indicator. There is another special thing in the past two years, that is, our industry allocation must consider not only the domestic economic cycle, but also the foreign economic cycle. In theory, according to the logic diagram I just mentioned, after November last year, cyclical stocks should have no chance of performance, because there is neither loose currency nor loose finances. From November last year to February this year, the strength of cyclical stocks was actually related to foreign economic cycles.

The reason why it started in November last year is because the vaccines were distributed after they passed the test. After about a month later, we saw that the number of daily new additions in the world began to decline. The situation of cyclical stocks in the past was actually a special case. This happened when the economic cycle quarters of China and foreign countries were not balanced. , It is basically synchronized in normal times. At this time, you can completely follow the logic diagram model I showed you before to layout, and judge whether to participate in cyclical stocks based on currency and finance. Now, it may be necessary to consider not only the domestic economic cycle but also the foreign economic cycle.

Cyclical stocks had a wave of performance in February. In fact, as early as January, the cyclical industry began to emerge strong stocks. In March, the concept of carbon neutrality appeared again, and the cycle showed another expression through this east wind. In this process, we saw a phenomenon, that is, within the cycle of the entire large industry, in fact, each sub-industry is rising in rotation, such as non-ferrous, black, and chemical industries. Assuming that in a large industry, only a few industries are rising. This industry cannot be said to be particularly strong. Only when all sub-sectors in a big industry are rising in rotation, this industry is strong enough. This can be a good explanation for the previous cyclical stock market.

Back to the present, as I said, both domestic interest rates and changes in foreign liquidity expectations have flattened out. At this time, we cannot rely on these two factors to judge. This state may be maintained from April or even to the first half of May. There is no obvious dominant state among cycle, growth, and consumption. This is related to the flattening of currency interest rates and the flattening of foreign liquidity expectations.

But on the other hand, it can be verified from the middle view that there are only one or two special strengths within each major industry. For example, in the past two days, medical beauty and liquor, or the entire alcohol and medical beauty are relatively strong. But other consumer branches are not so strong. Going back to an earlier point, the smart car line should be the strongest in the TMT field, but if you look at other branches, such as the panel or the Apple industry chain, these will not work.

What i want to say is At present, there is no industry that possesses the middle view to reflect internal rotation, that is, there is no inter-correspondence relationship within the major industries. This is a reference indicator. I think the first two indicators may be the focus of my consideration. This is my industry. The method of configuration. I tell you so much. It’s not about how to select industries from top to bottom. It’s more about how to use this framework to filter information when you see a piece of news to decide whether to transform it into Your trading behavior.

Looking forward to the future, From February to May, domestic interest rates were flat. But I think that starting from May and June, our inflation will start to go down. This has something to do with the trend of commodities, such as the South China Industrial Products Index and crude oil. At the same time, referring to the difference between the growth rate of base currency and social financing, I think it will enter a downward channel for the PPI in May and June. For people who do stocks, what is the reference meaning of this information to us? That is, our risk appetite should be improved, and we should pay more attention to growth stocks. To put it bluntly, we can also pay more attention to some story-telling stocks.

There is no performance this year, but the performance may be reflected in the next two or three years. Like this type of stock, such as autonomous driving, I think there will be no performance in autonomous driving this year. The most optimistic situation is that there will be performance next year. To cite this example is that when your interest rate starts to go down, this kind of stock that can only reflect performance in the future, but can not reflect the performance now, you can also participate. When interest rates rise, this kind of thing should not be involved.

If the interest rate goes down after May and June, everyone can participate in this kind of growth, or the storytelling in which performance is reflected in the future but not in the present. So recently many reporters have asked me whether I am optimistic about wine or banks. I think I am optimistic about May at most, even my favorite medical beauty, after May, it is impossible to participate in such a large position .

This is my industry prediction for the future based on my judgment framework.

But in fact, there are still many uncertain factors, including what I said about whether foreign capital will come in and out in the future. I can’t tell you my judgment now, because I look at the number of epidemics every day. There is also, for example, the relationship between China and the Western world. Some time ago, China and all Western countries had very fierce conflicts on the ideological level. Will this conflict be transformed into a trade conflict in the future? Affect the trend of A shares, or the trend of industry allocation? Foreign investment is more sensitive to the political situation, will it have an impact on industry allocation and index? I can’t judge right now. I can only say that there is a string in our psychology. In the future, if something I said happens, for example, the overseas epidemic suddenly goes up or down, or the conflict between China and the Western world suddenly intensifies. It has penetrated into the trade level again. At this time, the judgment of the industry and the index is different. But now I tell everyone that my judgment on the style after June is based on the information I have now.

Stock picking is not my strong suit, so I’ll make it simpler. The stocks that can enter our stock pool must be stocks with no major fundamental problems. In terms of stock selection preferences, I also have a focus. When should I participate in stocks with medium and small market capitalizations that are highly elastic? Usually it happens when I think the market risk appetite is high, or when I am prepared to participate in this topic for a short time, I will look for that kind of stock. When do you choose to participate in the industry leader? Of course, if you can, you can also double the participation in margin financing and securities lending. In fact, it will happen when the market risk appetite begins to ebb. I think that if I have been involved in this industry for a long time, I may choose some that have performance support. This is a rough idea.

Let’s show our scoring system for entering the stock pool, and scoring each stock. There are basically these four latitudes:

The first latitude is how the product industry’s track is. This should be the most weighted, basically accounting for 40%.

The second is that the company’s competitiveness must be consistent with the key elements of the industry. For example, if you give a score to Amic, will you carefully analyze whether the ingredients in it are degradable? will not. Because when you look at a to C consumer product, your focus or the basis for scoring should be his brand power, not his technical threshold. For example, when choosing advanced manufacturing stocks, is the scoring basis based on brand power? not necessarily. The scoring basis should be based on technical barriers.

As for cyclical stocks, timing is the most important. If cyclical stocks can influence the spot price through the monopoly of the industry and hoarding stocks, if there are actions in this respect, it should also be a bonus. In other words, when scoring a company, it is based on its industry attributes and from different angles. This is the second point I mentioned. The competitiveness of the company must be consistent with the key elements of the industry in which it operates.

The third is the company’s strategic thinking and actions, whether it is consistent with the future development direction of this industry. For example, the future of automobiles is new energy and intelligent. Does the company pay enough attention to the future development path of this industry? In terms of the degree of importance the company’s leaders attach to, investment, and finding strategic partners, are they moving in this direction? We look at so many car-making forces in China today, and some new car-making forces are particularly sensitive to intelligence, such as Xiaopeng. But in other companies, he seems to feel that his actions are half a beat slower than others in this regard, and the investment is not particularly enough, which will cause him to score very low on the third item.

Fourth is the company’s own governance , Not much to say here. For example, this is what everyone recognizes as a big white horse. This is the text when I had a meeting with Betteni last year, and I haven’t changed a single word until now. I just give an example. As a consumer goods industry, he can score high in the three items I just mentioned. Why is it said that the sensitive skin track is better than the average skin care track because of the current excessive medical beauty and staying up late. Vibrato and excessive skin care. The second is to look at the double eleven rankings. Look at the rankings of skincare apps. He is relatively high, so he scores the second highest. The third is the marketing strategy. As a new brand born from online marketing, it has adopted online direct sales from the very beginning and found a large number of doctors to do live broadcasts and deliver goods.

I won’t say more about other examples, because time is running out, thank you for listening.

Share with VTC News , expert Phan Anh Tu analyzed the wisdom in Kiatisak’s tactics and explained the failure of Hanoi FC. Video: HAGL 1-0 Hanoi FC – Are you surprised by the HAGL’s preemptive strike approach? HAGL played wisely. Coach Kiatisak arranged a foreign striker and a naturalized striker in the attack, with the aim of restraining the midfielder duo of Hanoi FC. As a result, technical winger players like Van Toan and Van Thanh have space to promote their abilities. HAGL knows in advance that Hanoi FC will be impatient to attack, so they play closely, systematically and counterattack very well. After having a goal from Xuan Truong, HAGL played leisurely, very alertly and in no hurry. Therefore, the quality of the home team’s finish is very good. If you play in a hurry, HAGL can easily pass and kick, but in this match Kiatisak’s team is not in a hurry. If they lose the ball, they can reduce the tempo of the game. Thanks to the leisurely, psychological comfort and the ability to control the game very well, HAGL has played better than Hanoi FC. Brandao (white shirt) was very aggressive. Contrary to the leisurely HAGL is a rare image of haste and impatience of Hanoi FC. The visitors are having psychological problems? Looking at the whole game, HAGL deservedly won. HAGL’s approach to the match, organization of tactics and idea of ​​playing ball is completely correct. They have a computational advantage, due to being the top team in this match. HAGL is kicked at Pleiku’s home ground, ranked above Hanoi FC and has a huge cumulative score. Coach Kiatisak’s team has a stable play style, increased player confidence. Meanwhile, Hanoi FC played in a bad mood. They have to play in Pleiku, which is a very difficult soccer field. In addition, the performance of Hanoi FC is also poor, so the calculation door of this team is much narrower than that of HAGL. In the first half, Hanoi FC attacked with a long ball, then in the second half put all his strength on the kick in a way to eat, fell to the air. However, the Capital team could not solve the situation due to psychological instability. Van Quyet’s missed situation is an example. Geovane is ineffective. The Hanoi FC players are very thirsty to win and impatient in this match, contrary to the confidence of HAGL. In addition, the foreign striker of the Capital team is very poor. They can besiege the opponent, but the quality of the shots is almost nonexistent. Geovane is not a mighty striker. He is a technician, an artist, but in fact Hanoi FC has no shortage of artists. They need a brave hero to describe a sudden conflict in the penalty area like Hoang Vu Samson, Oseni, … Foreign soldiers are poor, so Hanoi FC’s stone style is also bankrupt. – Confidence is also a different factor for HAGL today and HAGL in the previous defeat to Hanoi FC? That is the difference of HAGL in today’s match. The players believed in the coach’s tactical ideas, so when the Kiatisak was successful, he became even more confident. Having confidence, HAGL can execute situations with a very high probability of success. Conversely, if the player loses confidence, how many goals the striker scores and then the lower line conceded, the player can kick with fire and enthusiasm but still will lose. HAGL defends well now. The defender’s stone line is very solid and safe, creating a feeling of peace of mind for the striker. Thus, the attacking players only need to know the chance. HAGL strikers have good technical qualities from the past, so they can promote their abilities. HAGL defensively rolled out. – Kiatisak put Cong Phuong on the bench and when the player came on the field in the 30th minute (just like the match against the HCM City club), HAGL immediately got a goal. Is this luck, or a well-thought-out tactical plan? HAGL does not take into account the times when replacing Cong Phuong. That is the replacement of the tactical waiter. Bringing Cong Phuong in, HAGL can play counterattack effectively. Cong Phuong has the ability to pass the ball, to play the ball well, to play miraculously and unpredictably. When Hanoi FC was on the rise, coach Kiatisak needed Cong Phuong to create a threat in a counterattack. This decision is purely professional. Coach Kiatisak is also very good at hand. He understands that HAGL has many computational advantages, while Hanoi FC is in a difficult position without the staff. Cong Phuong is an unpredictable player. – Has HAGL had enough time, advantage, and humanity to compete for the throne? HAGL has good players, human quality is appreciated. After many years, the player’s experience has also increased a lot. They are more confident and mature. Coach Kiatisak also came to HAGL at the right time when the player entered the field, reaching a nine-year career, just like when Coach Park Hang Seo took over Vietnam. If Kiatisak came 3 years ago, HAGL is not as sure as it is now. At this time, HAGL has a mature, closed force, built with a very stable overall gameplay, instilled to each player. Every position on the field feels confident, understanding that doing the right tasks assigned by the coaching staff is successful. That gives HAGL great confidence. In addition, the HAGL force replaced very well, although replacing Tuan Anh, Viet Hung, and Quang Nho, the Nui Street team still showed this style of play. Of course, the star player will have better handling than a normal player, but Kiatisak’s students understand that if they keep doing the right direction, the team will have good results. HAGL is a potential candidate for the championship. They deserve this position. Thank you for the conversation!

This is also a very remarkable match because it will be a confrontation between defending champions Viettel – the team is temporarily ranked second with 19 points, 3 points behind HA.GL – is extremely hungry to win when meeting. Than Quang Ninh (18đ) – The team is right behind him, less than 1 point. Although they have just lost to Hanoi in the previous round (the main cause of internal problems), the Coal team still has the potential to cause difficulties for Viettel, once their main players are providing “mental doping” (to reduce the problem of being owed salaries, bonuses, pensions …). The key problem lies here: Does the away team have a satisfactory solution to that problem or not? Because even when Than Quang Ninh is in the most energetic state, Viettel is still considered to be better in terms of both the force and the advantage of playing at home.

Viettel has a triumphant song before Than QN in the earliest match of round 10 on April 16

The next 3 matches take place on Saturday (April 17).

At Vinh Stadium, the “Nghe Tinh derby” between SLNA (10d) and Hong Linh Ha Tinh (7d) is also the debut of new head coach Nguyen Thanh Cong – a son of Nghe, matured in SLNA shirt and is the biological son of once famous coach Nguyen Thanh Vinh (who has the greatest merit in training generations of SLNA players) – in the away shirt. Of course, in professional football, the story of the “origin” of the coaches or players is for reference only, just as the “SLNA veterans” played very well in Viettel’s shirt to beat the team. the shadow of my homeland right in Vinh citadel 4 rounds ago. A 2-0 victory over B.BD in the last round with the shining form of the pillars, especially “assassin” Phan Van Duc, helped SLNA temporarily escape from the bottom group of the group. But if they want to be more “sure”, they need to win all 3 points in a match rated on this upper door.

In Quy Nhon, the showdown between rookie Topenland Binh Dinh (VND 12) and East Asia Thanh Hoa (VND 11) is expected to be very attractive and balanced. They are sticking closely to each other on the summary board and also hope to reach the top 6 if they play well and achieve optimal results in the remaining 4 matches. Therefore, the results of this match will not only directly affect that ability but more than that, only the team that wins all 3 points will have the chance. The results are very encouraging in the last 3 matches (2 wins, 1 draw) has helped teachers and coaches Petrovic regain their confidence and with a strong attacking style, they will aim for another victory even though they have to be a guest. this match.

The last match of the day between Saigon FC (VND 9) and Hai Phong (VND 10) at the Thong Nhat Stadium has a different meaning, because both are desperate to get favorable results, at least to ensure the possibility. ability to stay relegated. The precious victory (against HL.HT) after a series of 5 consecutive defeats is a good signal for Coach Phung Thanh Phuong and his students. But on the other side, Hai Phong also ended the series of 4 defeats with an encouraging draw against strong opponent SHB.DN. In that context, it is difficult to judge which team can win this match, although theoretically, the advantage seems to be in favor of Saigon when they play at home.

SLNA will welcome Ha Tinh at home round 10

The remaining 3 matches take place on Sunday (April 18).

At Go Dau Stadium, a Binh Duong Becamex (13d) had to suddenly say goodbye to coach Phan Thanh Hung (due to his health condition), who was in a rather unstable situation. Although still in 6th place, but they are only over 2 teams behind with only 1 point and can completely fall to the next group if they do not win the match against SHB Da Nang (VND 16) this round. Meanwhile, SHB.DN has temporarily left the top 3, but the strength of teachers and teachers Le Huynh Duc is still very respectable thanks to the uniformity between the lines. The “gunfight” between two midfielders – player Tien Linh (B.BD) and Duc Chinh (SHB.DN) in this match is also very remarkable. A match “balance, equivalent”, do not know “which cat bite”.

HAGL welcoming Hanoi is the most awaited match in the 10th round at Pleiku

As mentioned above, the Pleiku yard in this round will be the focus of attention. There, a Hoang Anh Gia Lai (22nd) of elected Duc who is flying high will be hindered by a Hanoi FC of elected Hien who has not yet escaped the crisis? The history of confrontation in recent seasons is in favor of the visitors, when it has been 3 and a half years, they have not yet lost when they met HA.GL in the arenas. Even at the V.League last season, the total score was… 0-7 in favor of Hanoi. But under the guidance of coach Kiatisak, HA.GL is very different from themselves, with a firmer style, rich in teamwork and promoting the capabilities of each player better. Hanoi FC is facing many difficulties, has just broken up with coach Chu Dinh Nghiem (temporarily replaced by coach Hoang Van Phuc) and will most likely continue to have a new coach. In that context, what better opportunity for HA.GL to do a sweet “debt collection”, especially when they play at home? On the other side, although Quang Hai and his teammates had a strong victory in the previous round, but it was a match that Than Quang Ninh was completely underpowered, so they could only prove their strength if they could. score in this match.

The last match of the 10th round took place at Thien Truong Stadium, where Nam Dinh (12d), the team lost 2 consecutive matches with a close score on away field of B.BD and HA.GL, welcoming HCMC ( 10d) – an opponent with quite good results in the last 2 rounds (won heavily SLNA and drew at Thanh Hoa). Of course, Nam Dinh will once again expect great resources when playing at his “holy land” to aim for 3 points, while Polking’s teachers and coaches also want to be able to maintain a stable state. to have points to return to the rear after this match.

This is the first time in many years that Hoang Anh Gia Lai has hosted Hanoi FC as the top team of the V-League.

If Hoang Anh Gia Lai does not win the V-League 2021, they do not know when they will be able to add a third star to the chest as coach Kiatisuk’s dream when receiving the vote of Germany to return to his second homeland. . The Thai strategist is in the hands of self-determination and never felt that the German football team was just as good and lucky as the present, the converging factors to bring them to the top of glory this season.

What happened in Pleiku in the last 9 round reinforces the opinion of experts about the ups and downs of football. From seeming to have to accept a draw as a loss, Hoang Anh Gia Lai was able to decide the victory at the moment of dramatic to suffocating. This makes the Hoang Anh Gia Lai brand more attractive and the fans pay more attention.

The team of “Zico Thai” was ice on top of the V-League, but they had to beat the defending National Cup champion to come closer to the 2021 V-League championship. V-League champion Viettel in round 5 and now, they need to confirm their strength by 3 points against Hanoi FC. Bau Hien has never seen his team decline as it is after decades of domination at the top. And it also took 7 years, under the strategic talent of Kiatisuk, Hoang Anh Gia Lai to see his golden childhood every day.

Hanoi FC only beat Hoang Anh Gia Lai, hoping to get closer to the top 6, thereby continuing to dream of racing in the remaining 8 matches of the season.

The capital team has just regained a little morale after winning Than Quang Ninh, but for observers, it is not enough when the opponent has seriously weakened before the ball rolled because of internal problems. Hoang Anh Gia Lai is really a heavy measure for the revival of coach Hoang Van Phuc. And vice versa, Hanoi FC may be Hoang Anh Gia Lai’s biggest challenge on the way to win the first leg and possibly the entire 2021 season.

Hanoi FC is being supported by history when it is unbeaten in Pleiku in the last 3 years. V-League 2019, the two teams drew both rounds from the V-League to the National Cup, but Hanoi FC still eliminated Hoang Anh Gia Lai when playing the cup to win the championship. In 2018 and 2020, Hanoi FC beat Hoang Anh Gia Lai all 4 times with a total score of 17-3.

But the peak cycle of Hanoi FC is actually showing signs of decline from 2020 to this year. And the departure of coach Chu Dinh Nghiem is a strong shock to Hien’s ambition to return to the top of the V-League.

The intense schedule in the context of epidemics and the urgent need for the national team to focus Hanoi FC struggled right from the starting line. The process of recruiting foreign soldiers of Hanoi FC was problematic and when the fortunes were not supported, it can be seen that the injury, the decline of the pillars made everything drift too far out of the reach of elected Hien.

Hoang Anh Gia Lai is showing effective football and defying every defense. Although actively defending, the opponent was also pierced by Hoang Anh Gia Lai by the shine of the stars or luck nearby. With the number of goals lost (6) less than 3 times the number of goals, Hoang Anh Gia Lai is leading the V-League. When Hanoi FC did not have time to “patch” foreign soldiers and recover, Hoang Anh Gia Lai had the advantage of promoting the maturity and uniform performance of the whole squad.

If he wins Hanoi FC at this time, Hoang Anh Gia Lai can “hit 2 targets with 1 arrow” when approaching the championship, again causing his heavy competition with him out of the top 6 right after the first leg.

Experts predict that Hoang Anh Gia Lai with the current relegation officially relegated, they need to win 5 more home games, the throne will come to Pleiku again after 17 years of waiting. There are many motivations for coach Kiatisuk’s teachers and teachers and if Hoang Anh Gia Lai does not beat Hanoi FC at this time, there will be a long wait.