Market Strategy – At the forefront of public investment hustle
- We believe public investment will accelerate earlier than expected in order to boost economic growth amid the slowdown of other growth engines.
- The North-South expressway projects will return to center stage in 2H20F.
- We believe the suppliers of construction materials, especially stone and asphalt, will directly benefit from the surging demand from these projects.
- Our top picks in this theme include: KSB, PLC and HPG.
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
430
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
