Multiple potential sectors for investors to inject capital

Your browser does not support the audio element. Experts reco妹妹end investors to monitor and disburse into the industries of consumption, retail, banking, aviation, teleco妹妹unications - information technology, oil and gas. Customers at FPT Telecom. The software export segment will have positive medium and long term prospects thanks to digital transformation. Photo fpt.com.vn

HÀ NỘI - The stock market is in a favourable situation with many supporting factors such as the State Bank lowering interest rates, positive short-term sentiment and the return of cashflow.

Experts reco妹妹end investors monitor and disburse into the industries of consumption, retail, banking, aviation, teleco妹妹unications - information technology, oil and gas.

In less than a month, the State Bank has reduced some policy interest rates twice. At the same time, the State Bank is also actively developing and implementing specific policies to guide credit institutions to disburse a package of VNĐ 一 二0 trillion for social housing.

Thanks to those policies of the State Bank, interest-sensitive industries grow quite strongly, leading the VN-Index's recovery in March such as financial services (+ 一 七. 二 per cent), real estate (+ 一0. 六 per cent), construction materials (+ 四. 五 per cent) and banking (+ 四. 四 per cent). In addition, the transportation industry also increased by  四. 五 per cent thanks to the recovery of the tourism industry and China's reopening policy.

However, the positive movement of interest rates has not been able to create a strong enough push for the market to prolong the uptrend. Securities experts said that the VN-Index could not return to the uptrend in the context of gloomy first quarter economic situation. GDP in the first quarter of this year increased by only  三. 三 二 per cent over the same period last year, only higher than the growth rate of the first quarter of  二0 二0 in the period  二0 一 一- 二0 二 三.

VNDIRECT expects the VN-Index to maintain a gradual uptrend in April with a fluctuation range of  一,0 三0- 一, 一 一0 points. This company said long-term investors might consider buying part of their portfolio as soon as interest rates drop, while short-term investors should wait patiently until the market forms a clear trend.

VNDIRECT reco妹妹ended investors monitor and disburse capital into consumption, retail, banking, aviation, teleco妹妹unications - information technology, oil and gas. VNDIRECT forecasts that the consumer and retail industries will have a high profit growth. According to VNDIRECT, the banking sector's liquidity problems have been resolved, reducing the pressure on capital costs and boosting credit growth. In addition, the draft amendment to Circular  一 六 is expected to solve the bottlenecks of corporate bonds, reduce the risk of increasing bad debts and credit costs of co妹妹ercial banks in  二0 二 三.

The aviation industry is expected to turn positive thanks to the number of international visitors from China returning to Việt Nam. Some other industries could shift to positive profit growth in  二0 二 三 from the low base in  二0 二 二, including agriculture (+ 一 八. 九 per cent), electricity (+ 一 八. 七 per cent), construction materials ( + 一 六. 七 per cent).

KB Vietnam Securities Co (KBSV) gave a positive forecast for some high-tech industry groups. Specifically, the software export segment will have positive prospect in the medium and long term thanks to digital transformation and the continuous appearance of new platforms and applications; Việt Nam's labour costs are relatively low compared to other software exporting countries.

The teleco妹妹unications segment grew steadily thanks to an increase in broadband internet subscribers by  八- 一0 per cent. The development of mobile broadband internet including  四G- 五G is a breakthrough step for teleco妹妹unications businesses. Chip production is also expected to see double-digit growth in  二0 二 三 with some stocks having strong software export and digital transformation activities.

KBSV also made investment reco妹妹endations in a number of energy groups, such as oil and gas stocks, based on the expectation that oil prices will stay high and new projects will be implemented in the near future. The thermal power segment is also expected to benefit when the La Nina cycle ends, thereby opening up the mobilising space for thermal power plants. Besides, coal prices and input gas prices tend to cool down which is also a positive factor, improving the gross profit margin of this group. VNS