Topic: profit

The national flag carrier expected to transport 22.6 million passengers and 273,000 tons of cargo this year.

FiinGroup has forecast that most industries posting high growth in the second quarter will slow in the second half of 2022. Chemicals, seafood, fertilizers, logistics, shipping, garments, and rubber will all struggle to maintain their strong growth momentum in the quarters ahead. Conversely, industries with a sharp fall in profits during the second quarter, such as dairy, animal husbandry, and plastic pipe production, may recover in the near future.

The stock market fell significantly in the second quarter of this year. Kis Securities believes that profits at securities companies in the closing months will be equal or slightly down year-on-year. It also touched on three factors affecting the securities industry from now to the end of 2022: the implementation of the KRX system, the redistribution of corporate bonds, and uncertainties over an upgrade to the local stock market.

Bad news globally and relating to Vietnam’s macro-economic conditions were fully reflected in the stock market in the first half 2022. The VN-Index saw a steep decline that resulted in many individual investors and even foreign funds incurring heavy losses. In July, however, the stock market began to recover, which led to foreign funds reporting profits. Though these profits are modest, a promising future now awaits.

According to VnDirect, profits of large-cap and small-cap stocks increased 25 per cent and 7.9 per cent, respectively, in the second quarter of this year. Profits in the financial services group fell 100.7 per cent, primarily due to the stock market tumbling over the past few months, a sharp fall in brokerage and proprietary trading, and margin lending factors.