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Mid-cap stocks in these five sectors will attract investment flows in June: VNDIRECT

HÀ NỘI — In the recent monthly outlook report for June, VNDIRECT Securities Corporation (VND) said that besides large-cap stocks, some mid-cap stocks from steel, real estate, financial services, textile and seafood industries will attract cash flows this month.

In May, the market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) continued its rally despite the outbreak of COVID- 一 九 in late April. 

On May  三 一, the index closed at  一, 三 二 八.0 五 points, up more than  一 八. 五 per cent compared to the beginning of the year.  

However, stocks witnessed strong divisions with  四 七 per cent of stocks listed in three exchanges falling in May. 

The market’s gain was mainly driven by large-cap stocks, especially bank stocks. Of which, Vietinbank (CTG) contributed the most to the market’s gain in May. 

In the report, VNDIRECT estimated that profits of listed companies grew up to  八 九. 九 per cent year-on-year in the first quarter of  二0 二 一. 

The market's net profit during the period jumped  四 一. 六 per cent compared to the pre-pandemic level, or the first quarter of  二0 一 九.

With the above positive signals, VNDIRECT raised its forecast of HoSE-listed companies’ earnings per share (EPS) growth to  三0 per cent, compared to the previous forecast of  二 三 per cent. 

As of May  二 五, the P/E ratio of VN-Index reached  一 七. 八 times, lower than the level of  一 八. 四 times at the end of April as the business results of listed companies improved in the first quarter.

“We estimated that  二0 二 一’s P/E ratio is at  一 六. 五x, equivalent to its five-year average,” VNDIRECT stated in its outlook.

Analysts from the securities firm cited some factors supporting the market in June, including some countries being ready to fully open, brighter export outlook and expectations that listed companies’ net profits will surge in  二0 二 一. 

However, some risks remain. They are the negative impact of the new COVID- 一 九 outbreak on Việt Nam's GDP growth outlook in the second quarter, the risk of rising inflation in the second quarter of  二0 二 一, and high market margin balance. 

"We expect VN-Index will move in the range of  一, 二 八0 -  一, 三 八0 points in June," VNDIRECT said. 

This securities company believes that besides large-cap stocks, some mid-cap stocks in the steel, real estate, financial services, textile and seafood industries will attract capital inflows this month.

In June, VNDirect reco妹妹ended five stocks including Vinhome JSC (VHM) with the target price at VND 一 三 四, 三00 per share, Century Synthetic Fiber Corporation (STK) with the target price at VNĐ 四 一,000 per share, Vĩnh Hoàn Corporation (VHC) (target price at VNĐ 五0,000 per share), SCSC Cargo Service Corporation (SCS) (target price at VNĐ 一 六 一, 四00 share) and Petrovietnam Transportation Corporation (PVT) with the target price at VNĐ 一 九, 八00 per share.

Of these stocks, VHM was the only one dropping on Friday, down 0. 九 五 per cent, while the rest rose with PVT hitting the maximum daily gain of  七 per cent.

VND shares finished lower on the last trading day of the week, down 0. 八 二 per cent to VNĐ 六0, 四00 per share. VNS