Q4 Earnings to Have Limited Effects on Stock Market: Analyst
Earnings results of the Vietnamese listed firms in the fourth quarter will not affect much the local stock market as the results are widely predicted and priced in, said Tran Van Trong, director of HCMC office of Kim Long Securities.
Trong said securities companies, funds and investors all have foreseen the corporate fourth quarter earnings; therefore it is not a propelling factor to drive the market.
In stead, macro conditions and policy moves will be key factors that will drive the stock market, Trong expects.
Vietnam’s government is focusing on stabilizing the economic development and it is making right steps in downsizing interest rate subsidies and lowering credit growth rate. The moves indicate the government’ opinion that the worst was left behind, Trong said.
Trong also forecasts that corporate earnings this year will be lowest in the first quarter due to long Lunar New Year Holiday (Stocknews.vn)
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