Stocks draw TPP-vacated foreign interestDespite geo-political uncertainties around the globe, the Vietnamese stock market is poised for strong growth this year thanks to a flurry of new listings and the government’s drive to develop the market. There are concerns that foreign capital is flowing out of Vietnam due to global volatilities, and Vietnam’s stocks are becoming too expensive for a frontier market. I don’t think Vietnamese stocks are expensive at all, as the average price-per-earnings ratio in the Vietnamese market is 13x on 12 or 13 per cent of EPS growth, when you put those outliers back in. At Dragon Capital, we follow 80 per cent of stocks on the market, and based on our in-depth analysis, the aggregate top 50 stocks in Vietnam are nowhere near too expensive yet. VietJet is currently among the top 10 stocks of our main fund, the Vietnam Enterprise Investments Limited.

Source: VietNamNet News February 17, 2017 01:19 UTC