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Friday, November 22, 2024

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Potential investment opportunities

The recent Q3 corporate earnings report season presents a promising outlook, with many companies achieving substantial profits and even meeting their full-year targets. However, despite these positive financials, many of their stock prices remain under pressure due to the broader market downturn. This disconnect could offer a strategic opportunity for investors. A preliminary overview Of the 706 companies listed on the HOSE and HNX exchanges, 632 had reported their third-quarter earnings results as of November 5, with a cumulative net profit exceeding VND102.3 trillion. Impressively, 87% of these companies posted profits, signaling a strong recovery compared to the same period last year. Within this group, 20 companies made profits of VND1 trillion or above, totaling over VND75.25 trillion—nearly 74% of the combined profits of the firms that released earnings reports. The banking sector dominated, with 14 banks among the top 20, led by Vietcombank with after-tax profit of VND8.56 trillion. Notably, Techcombank and MBBank, both of them privately held, joined the top five, edging out state-run giants BIDV and VietinBank. The remaining six companies in the top 20 are industry leaders, including Vinhomes (VHM) with VND7.86 trillion in net profit, securing the second spot, followed by Vingroup (VIC) at fifth […]
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