Tag: stock

Experts weigh in on recent market dynamics and the delayed KRX system, while cautious optimism prevails amidst lingering concerns.

Total number of accounts held by domestic individual investors now stands at 7.35 million.

Drastic solutions needed to promote the sustainable development of Vietnam’s stock market.

The Ministry of Finance (MoF) has said that collecting information on businesses using trading apps on mobile phones to support investment in financial products is quite difficult. Investors need to carefully research information about mobilizing organizations and ask partners to provide legal documents before making an investment, such as establishment and operational licenses, business lines, and so on. MoF suggested that investors research information on securities companies, fund management companies, and securities investment funds on the website of the State Securities Commission (SSC).

In a recent letter to investors, Mr. Petri Deryng, Head of the PYN Elite Fund, shared his investment experience and said he believes that healthy economic development and sustainable income prospects will drive Vietnam’s stock market to recover quickly, once the uncertainty subsides. Data from PYN Elite shows that emerging economies, whose stocks are not overvalued but affected by weak global market sentiment, can quickly recover from shocks.

Positive inner-strength will be a driving force supporting the stock market in September, according to Rong Viet Securities (VDSC). It said that Vietnam’s macro data is stronger than expected and regulators are implementing measures to boost transactions in the stock market. In the short term, investors should pay attention to oil and gas stocks and others in industries such as banking, food & beverages, and retail.

SGI Capital reports that Vietnam joined other ASEAN countries and India in terms of good stock market performance in August.

The BIDV Securities Company (BSC) has forecast two scenarios for Vietnam’s stock market in September. Under the first, the VN-Index will balance out at 1,270-1,280 points, moving towards 1,300-1,320 points as liquidity improves and positive sentiment spreads through the market. The Ho Chi Minh Stock Exchange (HoSE) allowing the trading of odd lots from September 2 will also have a positive effect on the market. The second scenario will happen if developed economies show signs of recession and negative sentiment appears, with the VN-Index forecast at around 1,240-1,250 points.

Figures from VnDirect show that the VN-Index increased 6.3 per cent in August; higher than most countries in the region. It has, however, fallen by 14.4 per cent since the beginning of the year, but this has still surpassed the MSCI emerging market index.

A number of securities companies believe that now is the best time to accumulate steel stocks, as current valuations are attractive. At the same time, revenue and profit margins at steel enterprises will improve in the second half of this year thanks to a range of positive factors, in particular construction steel demand being expected to recover shortly and public investment disbursement accelerating to the end of the year.

After three consecutive months of net entry into Vietnam’s stock market, capital flows from exchange-traded funds (ETFs) and active funds reversed to net withdrawal in July. According to SSI Research, a positive long-term outlook for Vietnamese securities could trigger cash flows from actively disbursing funds. ETF capital flows can also still maintain their attractiveness.

A number of securities companies have increased their charter capital recently. Analysts have said that the industry has become increasingly fragmented and fiercely competitive, as profitability has improved dramatically as the market has grown.

In its newly-released stock market outlook, KBSV forecasts that five industries will benefit the most from the recovery in Vietnam’s economy, which will be a positive for their stock prices over the remainder of 2022. The groups are retail; travel; banking; industrial park real estate; and production and export.

With a solid foundation from 2021, Vietnam’s stock market is forecast to develop strongly and increase in-depth this year.

Vietnam’s stock market is attracting cash flow and will maintain an upwards trend in the medium-long term, which will create a favorable environment for State-owned divestments to take place more smoothly in 2022. Agriseco Securities has predicted that investment opportunities in 2022 will mainly focus on infrastructure groups and the banking industry, with the main driver being from initial public offerings (IPOs) and divestments.

Listed companies in a position to post handsome profits next year, analysts believe.

Many records set since the establishment of the State Securities Commission of Vietnam on November 28, 1996.

A resurgence in banking stocks over recent days helped the VN-Index climb to a new record in hitting 1,500 points. This shows that bad debts rising but kept under control has not affected banking stocks to any great extent and the expansion of credit would take them even higher.

The value of corporate bond issuances by consumer goods enterprises in October stood at VND7.284 trillion ($320.48 million), accounting for 21 per cent of the total value and putting it in second place, surpassing the banking group but behind the real estate group.

Despite predicted increases, many companies posting positive business results and profits have seen their stock price fall, with banking, securities, and steel stocks being examples. Conversely, the stock price of some companies with declining profits or losses and a gloomy outlook have increased significantly.