FiinPro: Stock prices reflect profits

Based on FiinPro’s forecast for after-tax profit growth of 38 per cent in 2021 and 27 per cent in 2022, Vietnamese stocks will be valued at 18.2 times 2021 profit and 14.3 times 2022 profit. This shows that the outlook for 2021 profit is already reflected in the stock price while the market valuation remains attractive with a one-year outlook.