Market Strategy – – IN FREE FALL BUT FOR HOW MUCH LONGER?
Strategy Note 03/05/2018 158
- Vietnam’s stock market is in a continuing correction phase. Even though corporate earnings for 2018 should be strong, lower valuation multiples might be the “new normal”. Vietnam’s stock market P/E has historically seen a strong inverse correlation with government bond yields.
- Strong expected corporate earnings to help cushion the impact of multiple compression
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