Evaluating Stock Valuations of Securities Companies After the Market Surpassed 1,500 Points: Surprising Results for VIX, VND, SHS

Vietnam’s stock market has reached the peak of 1,500 points, with securities companies like VIX, SHS, and SSI seeing significant growth. Stocks like VIX (+62%), SHS (+35%), and SSI (+30%) have increased dramatically, leading to notable changes in the valuation of these securities; the average P/B is around 2 times, while the average P/E is 22 times. Major stocks like SSI, HCM, and VCI have a valuation of 2-2.7 times P/B, while VIX, SHS, and VND have a P/B below 2, indicating a clear differentiation. Despite having higher valuations, SSI shows strong market share, whereas VIX, SHS, and VND have lower growth potential. There are predictions that Vietnam could be upgraded by FTSE Russell, attracting significant foreign capital, which is expected to boost growth in the securities sector. Investors need to carefully assess the capabilities of these companies before making investment decisions.