Tag: fiinpro

Figures from FiinPro show that, in the week from November 7 to November 11, exchange-traded funds (ETFs) invested more than VND2.1 trillion ($84.4 million) in Vietnamese stocks, an increase of nearly three-fold compared to the previous week. Foreign ETFs outlaid more than VND1.5 trillion ($60.3 million).

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.

According to FiinPro, gold and USD are no longer the prioritized investment channels for Vietnamese youngsters. Their money is primarily flowing into the stock market and is likely to remain there until next year.