Market Outlook 2024: Right stocks at the right time
Market Outlook 2024: Right stocks at the right time
The market is currently trading at a P/E of 14.X, lower than the 10-year average P/E of 16.68. Meanwhile, compared to other countries in Southeast Asia, the less alluring of Vietnamese stock market's P/E valuation will cause foreign investment attraction landscape to face great competition from countries in the region.
- We forecast that the target of the VN-Index in 2024 will likely increase to the range of 1,137 - 1,287 points based on assumptions about income growth and appropriate market valuation.
- We expect income (EPS) to grow at 15% compared to 2023.
- The market is expected to recover when supportive policies penetrate the economy and industry sectors record positive profit growth again.