Worth investing or browsing at this level?

The market ends in the present day and can enter a 4-day vacation. Market liquidity remained at over 1 billion USD/session, money circulation repeatedly circulated amongst business teams, primarily specializing in midcap.

Answering within the Monetary Road Talkshow on VTV8, consultants stated that, with the thrill of the inventory market, buyers who surf are dominating. Nevertheless, consultants additionally emphasised that, on the time of ending the second quarter report, the market fell into an data hole and the costs of most shares have been additionally considerably greater than the identical interval final yr. Subsequently, buyers should be cautious of their selections.

Mr. Hoang Cong Tuan, Chief Economist, MB Securities Firm (MBS)

  Value investing or surfing at this point?  - Photo 1.

The inventory market is lively, the liquidity is far greater than earlier than the Covid-19 epidemic, the time of 2019 or 2018, with the buying and selling worth of every session as much as 20-30 trillion. We additionally perceive that the turnover of buyers is now a lot greater, exhibiting that the short-term funding pattern is dominating.

The primary cause in our opinion comes from two angles. The primary is said to the coverage of low-cost cash and tremendous low rates of interest of all central banks on the planet, to assist the financial system in opposition to the Covid-19 epidemic. With such a low rate of interest surroundings, money flows have a tendency to hunt fast earnings and have a tendency to spend money on monetary belongings, within the context of the present financial difficulties and funding alternatives. much less enterprise.

With such elements, we additionally see that the inventory market has entry to a brand new and quick money circulation and due to this fact the pattern of short-term browsing funding will prevail is regular.

The second issue is the variety of buyers taking part within the inventory market in the present day. For the reason that starting of the yr, there have been about 600,000 new buyers on the Vietnamese inventory market, and we perceive that there are numerous buyers who should not have a lot expertise within the inventory market, in addition to haven’t any expertise in seeing funding evaluation enterprises. fundamental. Subsequently, they may choose short-term buying and selling funding faculty extra.

Within the time of market sublimation and robust development due to money circulation, typically many buyers suppose that they don’t must study an excessive amount of, they don’t must study, don’t must domesticate information and may nonetheless succeed within the inventory market. . In my view, this view isn’t right. Even brokers who’ve simply graduated from faculty and are new to the market, we at all times arrange coaching periods and programs so that you can enhance your consulting and funding capabilities. self.

The truth is, the browsing faculty in addition to the long-term worth investing faculty have at all times existed out there they usually complement one another, and on the similar time they create diversification out there. The truth is, I’ve interacted with many buyers, all profitable long-term buyers have very critical views on investing and buying and selling. All funding colleges have their very own traits and benefits, however no matter faculty, buyers want information, expertise in addition to funding skill educated over a few years to have success. public out there.

For worth investing, to know the imaginative and prescient of the enterprise is tough, we should perceive that when shopping for shares, you purchase and personal the enterprise. And so your future danger and reward depend upon the longer term danger and efficiency of your corporation. Firms sooner or later proceed to develop, proceed to develop when it comes to earnings, proceed to have higher monetary well being, the every day fluctuations within the worth of those shares, buyers don’t must care.

Mr. Do Duc Nam, Normal Director of Tri Viet Securities Firm (TVB)

  Value investing or surfing at this point?  - Photo 2.

Sharing the identical view with Mr. Tuan, Mr. Nam stated that worth investing and browsing hypothesis are at all times parallel and are the driving power for development of the inventory market. For institutional buyers, they’re extra involved in worth investing in quest of steady and sustainable returns over time. In the meantime, the vast majority of particular person buyers in Vietnam, when taking part in investments, have a tendency to invest and surf to get excessive earnings in a short while.

“Lately, Vietnam’s inventory market has grown very strongly when it comes to liquidity and scores, so speculative buying and selling actions proceed to purchase and promote repeatedly and are dominating the market.”Mr. Nam shared.

In accordance with Mr. Nam, within the subsequent interval, buyers ought to give attention to firms with good revenue development in the course of the pandemic corresponding to securities, banking, metal, cement or fertilizer industries. These are the sectors and shares that can entice money circulation when the market rebounds after correction periods. For buyers who prefer to take dangers, and need to earn excessive earnings and settle for excessive dangers, they’ll select the funding technique of browsing and speculative browsing. As for buyers who need steady and sustainable earnings, they’ll think about the worth funding technique. By way of effectivity, worth investing or browsing hypothesis takes a comparatively very long time for us to have a comparative evaluation. That is the correct time for buyers to contemplate shares with good fundamentals after the overall adjustment of the inventory market to an affordable worth vary.

Mr. Vo The Vinh, Director of Evaluation, GTJA Vietnam Securities Firm

  Value investing or surfing at this point?  - Photo 3.

We will see that the market has robust volatility periods, even the intraday fluctuation vary is comparatively excessive. For the time being now we have simply completed the second quarter report, the market fell into an data hole, the value vary of most shares can be considerably greater than the identical interval final yr, particularly Within the main business teams, the business teams have good development out there.

There’s a level to notice that market liquidity continues to be excessive in declining periods, exhibiting bottom-fishing motion from each worth buyers and surfers, the market’s correcting pattern is Brief-term. Nevertheless, with the difficult developments from the Covid-19 epidemic, it’s not potential to obviously decide the pattern within the medium or long run, making it tough to precisely forecast the overall development for every business group. Subsequently, buyers can think about fastidiously and watch for a pretty worth vary to build up good shares.

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