The banking industry may have a hard time reaching its 2022 profit growth targets, but share valuation have dropped significantly to attractive prices.
Thanks to their good growth potential and attractive valuation, chemical stocks are being included in the portfolios of investors.
Shares tumbled for a third day on Tuesday but the decrease narrowed on rising buying power, focusing on food & drink and banking industries.
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.
Vietnamese shares ended the week on a negative note, dragged by banking and securities stocks.