Vietnamplus

Private-equity bank shares have performed well amid fears of COVID-19 in the last five weeks.

Firms said shareholders’ meetings were to proceed as scheduled in March and April despite concerns over the outbreak of the novel coronavirus-caused acute respiratory disease (COVID-19).

Foreign investors reduced their net investment in Malaysian equities by 1.19 billion RM (283 million USD) last week, according to the MIDF Amanah Investment Bank Bhd Research.

Margin lending may be allowed on the Unlisted Pubic Company Market (UPCoM), the State Securities Commission (SSC) vice chairman Pham Hong Son has said.

US-Iran tensions and pre-Tet sentiment will be two key factors impacting the Vietnamese stock market in the coming week (January 6-10).

Shares in securities companies seem to have lost their shine for investors in the face of fierce competition from foreign-invested firms.

After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.

Vietnam’s benchmark VN-Index last week ended at its 13-month high but its struggle on the last two days signalled growth had stalled and it would move sideways in the coming week.

Vietnamese shares advanced on October 8 as attention shifted to companies with good earnings prospects amid a lack of supportive information.

Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.

Vietnam’s benchmark VN-Index could breach the 1,000 point mark in the last quarter of the year after the Q3 corporate earnings season and with investors shifting attention towards firms with hopes for full-year earnings growth.

Automobile stocks are expected to lure more investment thanks to the growth of market consumption, forecast to reach over 500,000 vehicles per year from 2021.

Rising input production costs, unfavourable weather conditions, a saturated domestic market and stiff competition are causing difficulties for fertiliser businesses.

The market sentiment will remain lateral in September weighed down by global economic and political tensions while trading quiet amid speculations of Q3 corporate earnings.

A series of best-performing stocks on the Vietnamese stock market are losing their steam due to poor business performances.

Investors may want to brace for a bumpy trading week as the Vietnamese stock market is still vulnerable to the unpredictability of global shocks in geographic, political and economic conditions.

Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector.

The Vietnamese stock market suffered during the week from July 29 to August 2 after having rallied for four consecutive weeks amid negative news from the international markets.

The US Federal Reserve (Fed)’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyen Tri Hieu.

Despite certain difficulties facing the property market, there remain numerous opportunities for investors to earn money from real estate stocks, according to insiders.