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VietNamNews

Analysts upbeat on securities outlook

Update: December, 20/2013 - 08:59
Saigon Securities Inc staff gather information for their study on the local stock market for their best service to the investors in Ha Noi-based office.—VNS File Photo

HA NOI (VNS) — While investment channels, such as gold, real estate and banking, seem not particularly upbeat, securities companies in Viet Nam predict a better scenario for the stock market in 2014.

Saigon Securities Inc (SSI) told Viet Nam News that with stable currency and inflation, expansionary fiscal policy, and active participation from foreign investors, VN-Index might close higher in 2014 than it did this year.

The local market would benefit from local factors, such as the Government's greater emphasis on sustainable growth, the comprehensive restructuring of State-owned enterprises, the growing banking sector and the further integration into the global economy.

SSI assessed the Government policy of expanding room for foreign investors' ownership as an impetus for the entire market, as it would attract additional investment inflows.

Le Duc Khanh, investment strategy director at Maritime Bank Securities, told the local press that investors should continue to spend on shares of infrastructure, shipping, electricity, textiles, garments and consumer goods, because they pay better attention to basic characteristics, than to risky shares. — VNS

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