Vietnam Strategy – 2Q20 earnings review: Recovery is under way
- As at 31 Jul 2020, 794 listed companies on three bourses, representing 45.6% of the total stocks and 90% of market capitalisation, have released 2Q20 results.
- Revenue decreased 10.9% yoy while aggregate earnings declined 9.1% yoy in 2Q20. In our view, this was much better than the -27.7% yoy decline in 1Q20 net profit.
- Our VN-index target is 840–920pts for end-2020.
Please follow this link for the full report
You Might Be Interested
Strategy Note
624
We believe that the main growth driver for Vietnam’s economy in 2H23 will mainly come from the government’s economic support policies. Therefore, Vietnam’s key investment topics in the second half of 2023 will be closely related to an easing monetary…
Strategy Note
431
In May 25, the SBV decided to reduce some policy rates such as the refinancing rate (down 0.5% points), the ceiling deposit interest rate for 1-month to 6-month term (down by 0.5% points),.. The 12-month deposit interest rates of commercial…
Strategy Note
393
VN-INDEX closed at 1,064.6pts (+1.5% mtd, +5.7% ytd) on May 25 2023. We believe the market’s rally was supported by: A series of supportive policies issued by the Government and the State Bank of Vietnam (SBV) recently have solved some…
VI
EN
JA
ZH
