The Vietnamese stock market is experiencing a vibrant phase, with the VN-Index surpassing 1,500 points, prompting a surge in securities company stocks. Stocks such as VIX (+62%), SHS (+35%), SSI (+30%), etc., have seen significant increases; however, the average P/B ratio for this group is about 2 times, and the average P/E is around 22 times, which is not particularly attractive but not overly expensive. There is a clear differentiation in valuations: prominent companies like SSI and others have high P/B ratios (2-2.5 times), while VIX, SHS, VND have lower P/B ratios (below 1.5 times) and P/E under 20. Higher-valued stocks often hold advantages in market share, scale, and growth potential. It is anticipated that Vietnam may achieve an upgrade in market status, attracting significant foreign capital and boosting growth for the securities stock group. Investing in securities stocks requires careful consideration of potential, risks, and market opportunities.
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