Vietnam’s mid-cap stocks become more attractive to investors: Dragon Capital There is real value to be found in the mid- to small-cap selections in the benchmark VN- Index, many of which carry amazing growth stories, said Dragon Capital’s executive. HSBC revises up Vietnam’s growth forecast for 2019 to 6.9% Vietnam’s biggest fund manager says a growing divergence between the valuations of larger-cap stocks and mid- and small-cap stocks has made the latter group more attractive, Bloomberg reported. Vu Huu Dien, the Ho Chi Minh City-based deputy chief investment officer at Dragon Capital, told Bloomberg inflows from passive money have poured into large-cap stocks, driving up their valuations. The VN30 index, which tracks large caps, rose 6.8% in the third quarter and currently trades at 11.5 times forward earnings. The mid-cap VN70 index gained 2% and has a 7.9-time multiple, according to data compiled by Bloomberg. “There is real value to be found in the mid- to small-cap selections in the VN-Index, many of which carry amazing growth stories,” Dien was quoted by Bloomberg as saying. “This is where we are excited about investing in Vietnam.” He didn’t name companies or sectors. The benchmark VN Index rose 4.9% in the third… Read full this story
- Retail inflation jumps to 4.62% in October
- Exports declines 1.11% in October; trade deficit narrows
- Festive buys, new models help PV sales snap 11-month slide in October
- Trump says China trade deal 'close' but dashes hopes for signing details
- Retail inflation spikes to 4.62% in October from 3.99% in September
- In first meet since India's RCEP snub, Modi-Xi discuss trade
- Fed's Evans: I wouldn't mind another interest rate cut
- The impeachment hearings are costing American businesses $2.1B an hour in lost productivity
- Real estate in HCM City CBD: Optimism for the long-term
- Fed's Kaplan says strong consumer will help the U.S. economy avoid recession in 2020
- Nevada unemployment rate holds steady at 4.1% in October
- Trade deficit narrows YoY to $11 billion in October
BUSINESS NEWS OCTOBER 11 have 311 words, post on vietnamnet.vn at November 10, 2019. This is cached page on Konitono News. If you want remove this page, please contact us.