Chủ đề: Stocks

According to Mr. Trinh Hoang Giang, CEO of HSC Securities, Vietnam’s stock market has fallen about 20 per cent and is likely to go down further, but the country’s economy is solid, with GDP growth forecast at 6-7 per cent this year. Now is therefore a good time to buy stocks, he believes.

Yuanta Securities has forecast that during the portfolio restructuring period in the second quarter, two foreign funds with a size of nearly $1 billion - the FTSE ETF (exchange-traded fund) and the V.N.M ETF - will strongly buy four stocks: FTS, SHB, NLG, and VCG.

In an update on Vietnam’s stock market outlook, the Pyn Elite Fund said global stocks may go down in the future but Vietnamese stocks, based on current valuations, are extremely cheap. The Finnish fund also expects that Vietnamese stocks will not be overly affected by the conflict in Ukraine or any collapse in the Nasdaq, and forecast income growth of 19-29 per cent this year.

Vietnam’s economy is clearly recovering and gross regional domestic product (GRDP) and retail sales are both increasing around the country. According to the General Statistics Office, the total retail sales of consumer goods and services in the first quarter rose 4.4 per cent year-on-year. The business expansion plans of some retailers will also make the market more active, opening up opportunities for retail real estate stocks to break out.

According to SSI Research, when Vietnam fully opens its doors to international tourists on March 15 there will be three groups of stocks that will benefit: travel stocks, tourist accommodation stocks, and travel transport stocks. The tourism industry aims to welcome 65 million tourists this year, including 5 million international visitors.

There are many signs that stocks in the public investment group will break out in the near future.

Figures from the General Department of Vietnam Customs show that the US imports the most textile products from Vietnam and is also the largest market for Vietnam’s wood and wooden products. Textiles and wood are now among the groups with the largest number of stocks and attract the most attention from stock market investors.

Analysts believe that banking stocks will lead the way in Vietnam’s stock market this year, though price growth may ease.

It has been forecast that the inflation rate in Vietnam will probably exceed 4 per cent year-on-year in the second quarter, due to increases in the global prices of electricity, pork, and oil. Viet Dragon Securities believes that banking shares have clear profit growth prospects in the second half of the year, while steel, retail, warehousing, and exporter shares are also expected to attract cash flows.

Industrial real estate stocks set to benefit in 2022, VnDirect has said.

Vietnam has available foreign exchange reserves of more than $100 billion and debts below 40 per cent of GDP, which are mostly soft loans from supranational lenders on favorable terms. Such debts do not increase the country’s vulnerability to tightening global monetary policy. Experts from VinaCapital believe that Vietnam is in a favorable position and will be under no pressure when the US Fed hikes interest rates this year.

SSI Securities has assessed that food and beverage (F&B) stocks will recover and grow in 2022 thanks to the recovery of the economy, changes in consumer preferences, and the development of new modern trade channels. Certain stocks, however, will recover to below pre-pandemic levels, SSI added.

Together with the number of new stock market accounts continually setting records, individual investors net bought stocks during 2021 to the tune of more than $4 billion and this is forecast to prevail into 2022. Mr. Tran Hai Ha, General Director of MBS Securities Company, expects 2022 to again be a successful year for investors in the stock market.

National flag carrier collects more than $350 million from issuance of 800 million additional shares.

With low-interest rates on savings deposits reducing the financial income of insurance companies they are increasingly focusing on investing in stocks such as PVI, PGI, PTI, BIC, and BMI.

Solutions to reopen the economy, support businesses to recover production, and loosen credit or lower interest rates are good news for the stock market, which may recover strongly in the fourth quarter of 2021.

Real estate stocks have been lackluster performers in recent times. The Viet Dragon Stock Company (VDSC), however, believes they will see a clearer recovery from the first quarter of next year.

According to the General Statistics Office, in the first eight months of this year, 85,500 enterprises in Vietnam had ceased operations. When done well, corporate bonds would offer salvation for the country’s economy in the context of banks being overloaded and outstanding credit representing 150 per cent of GDP. Corporate bonds are a risky investment channel when not strictly controlled, however, and could endanger the entire financial system given that many businesses are in debt while facing difficulties from Covid-19.

Vietnam’s stock market has rebounded as the number of Covid-19 infections has fallen. From now to the end of the year, the country may receive 80-90 million additional doses of vaccine, increasing the vaccination rate to 50-60 per cent. According to VnDirect, now is the right time to accumulate stocks.

Mr. Michael Kokalari, Chief Economist at VinaCapital, believes that the profits of listed companies will increase sharply next year and recommends that investors not sell shares at this time.