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Market Strategy – – IN FREE FALL BUT FOR HOW MUCH LONGER?

Strategy Note 03/05/2018    503

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  • Vietnam’s stock market is in a continuing correction phase. Even though corporate earnings for 2018 should be strong, lower valuation multiples might be the “new normal”. Vietnam’s stock market P/E has historically seen a strong inverse correlation with government bond yields.
  • Strong expected corporate earnings to help cushion the impact of multiple compression

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