Agriseco believes that about 70 per cent of stocks in the VN30 group are now at attractive prices. With macro-economic stability and growth, now is the time to gradually accumulate long-term investments. However, it also believes that the market still faces many risks, such as pressure from inflation and exchange rates, continuing tightening of monetary policies, and rising interest rates.
Valuations on stocks in the VN30 is in a reasonable range and some have attractive prices. According to Agriseco Research, seven stocks with potential are BVH, HDB, GAS, HPG, KDH, SAB, and TPB.
Commodity prices have been gradually cooling since the beginning of June, signaling a reversal after the strong increases seen over the past two years. According to Agriseco’s assessment, there will be three main groups of beneficiaries from this reversal: plastics, cement, and cattle.
Vietnam’s stock market is attracting cash flow and will maintain an upwards trend in the medium-long term, which will create a favorable environment for State-owned divestments to take place more smoothly in 2022. Agriseco Securities has predicted that investment opportunities in 2022 will mainly focus on infrastructure groups and the banking industry, with the main driver being from initial public offerings (IPOs) and divestments.
