Topic: KBSV

KB Securities Vietnam (KBSV) believes that although the steel industry remains in a difficult time, steel stocks will enter into a period of recovery thanks to the return of consumption demand and expectations of more positive business results in the fourth quarter.

KB Securities Vietnam (KBSV) has said that if banks use up the new credit limit, then credit in the industry as a whole will increase about 13.2 per cent compared to the beginning of the year. Therefore, the State Bank of Vietnam (SBV) can loosen the limit again, from 0.5-1.2 per cent, to achieve the annual target of 14 per cent.

According to KBSV Securities, despite the ongoing decline, the VN-Index is still forecast to reach 1,330 points by the end of the year, with average EPS growth of 18.3 per cent forecast for companies listed on HSX.

According to KB Securities Vietnam (KBSV), in the short term, the 2 per cent interest rate support package will provide psychological benefits in the context of the stock market experiencing much negativity in recent times. In the medium and long terms, the impact will depend on the effectiveness of the package. Banking is one industry that will benefit.

According to KBSV, the value of corporate bonds from real estate companies maturing in 2022 is VND123.4 trillion ($5.28 billion), of which unlisted real estate enterprises account for 84.5 per cent and listed groups 15.5 per cent. KBSV believes the large-scale listed real estate group is fully capable of making payments when bonds mature.