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Analysis Reports
Stockbiz.vn analysis reports provides a comprehensive and complete analysis of the industry, business and economic issues.
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Title:
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Vietnam Monitor: Yields have peaked, but the VND should gradually depreciate
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Category:
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Economy
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Source:
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Hongkong and Shanghai Banking Corporation Ltd.
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Sector:
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Company:
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Detail:
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Date:
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11/5/2008
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Pages:
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19
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Language:
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English
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File Type:
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Size:
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235 Kb
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How useful is this report?
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Summary:
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The State Bank of Vietnam has cut rates by 2%o to 12% in pre-emptive moves, joining central banks in the region to support growth. Vietnamese stocks have fallen 64% this year, but P/E is still higher than in China or India. Moreover, Quarter 3 results are a reminder of how uncertain earnings are. Foreign investors have sold USD 69million, but still own USD 3.1 billions.
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