The Vietnamese stock market’s valuation is equivalent to 18.2 times 2021’s profit and 14.3 times 2022’s profit forecast, said Fiin Trade, showing that the profit prospects for 2021 are reflected in share prices.
Market analysts forecast that buying demand will stay relatively high and the cash flow is looking for opportunities. Therefore, the VN-Index may continue to set new historical peaks this week.
Regulators feel that credit flowing into risk areas is under control, although in reality, there are concerns that irregular credit flow is still going into real estate and securities.
Viet Nam's stock market rebounded slightly on Wednesday thanks to the growth of petroleum stocks but the decline of large-caps in the banking group curbed the rise of indices.
The stock market acted strangely when the VN Index suddenly peaked even as the financial market went down, and when real estate businesses slowed down but stock shares still rolled in profits.
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