Việt Nam News

The banking industry may have a hard time reaching its 2022 profit growth targets, but share valuation have dropped significantly to attractive prices.

Việt Nam’s stock market is still cheap at 11.5 times forward P/E and expectations of EPS growth of over 20 per cent this year compared to an average P/E of 16.2 for its emerging market ASEAN peers.

Despite being affected by the COVID-19 pandemic, SABECO has always been consistent with its commitment to promote sustainable values and contribute to the prosperity and development of Việt Nam and its people.

Shares are forecast to move positively this week with third-quarter business results being the main factor influencing the market movements.

BOT investors have not only faced hardship due to the pandemic, but are also struggling with Ministry of Transport regulation of road tolls and State Bank of Việt Nam’s lending policies.

Vietnamese shares struggled on Wednesday on six-month low liquidity and falling large-caps stocks as selling pressure persisted.