67 per cent of Investors Say Stocks Attractive: Grant Thornton

Up to 67 per cent of 170 investors surveyed by Grant Thornton in Vietnam agreed that stocks are still attractive to invest this year, the online financial website of stox.vn said.

 

A fifth of them said Vietnam's stock is less attractive than regional bourses particularly Thailand and China thanks to its political stability, high economic growth with high savings and a huge market with more than 86 million consumers.

 

Only 8 per cent of them said they intended to cut investments in Vietnam.

 

Vietnam’s stocks’ P/E ratios are still cheaper than regional markets, at nearly 12, stock analysts said.

 

Vietnam’s main stock market benchmark has gained 60 per cent since it bottomed at 235.5 points in late Feb. The market’s recovery is based on the government’s demand stimulus packages worth up to $8 billion to head off the slowdown. Many blue-chips advanced approx 40 per cent over past 10 days, analysts said.

 

The market will see emerging cash inflows in the near term as funds who keep 30 per cent in cash of investments portfolios and wait to put in local stocks and $524.2 million of g-bonds sold by foreigners between January and April. (stox.vn)