Possibilities of growth in the prices of individual companies’ shares in the second half of the year

Le Duc Khanh, Director of Research at VPS Securities

At the conference entitled “Analysis of Upcoming Investment Opportunities” organized by VORTEX Last week, Le Duc Khanh, director of research at VPS Securities, shared his thoughts on a group of stocks worth considering for the rest of the year, given the VN Index’s rebound and the improving economy, although there has not yet been a significant increase.

The stock market has seen significant volatility since early July, with three consecutive losing sessions hitting the 1,280 mark. However, the number of new accounts being opened continues to rise, with 106,580 new accounts in June alone. This indicates new investors and fresh capital entering the market.

“The market will bottom out in the next 3 to 8 sessions, continuing until the end of the adjustment period in July. August may be more positive. Overall, this year’s market trend is still bullish. I believe the VN index will rise by about 18 percent this year. Given the signs of market consolidation to break out or fall, and the significant increase in market capitalization over the past few years, the VN index can certainly reach 1,350,” Khanh said.

In 2024, stocks that delivered strong business results, those that weathered headwinds, and those that showed growth and breakthrough results in specific sectors stood out.

“I think the second half will be a time for individual stocks in specific sectors. Sectors like telecommunications, financials, chemicals, steel and industrial real estate will be particularly favored. Investors should look for companies that are starting to show better business results and stable cash flows, as these will attract more attention between now and the end of the year and into 2025,” Khanh noted.

Herd mentality among some investors leads to simultaneous buying or selling in response to events. Often, investors have to justify market movements, but these are usually a series of events that unfold over weeks or months.

“Market volatility reflects investor sentiment and the impact of crowd psychology on the stock market at different stages. The market needs more positive news of support to break out. We are currently seeing improvements in initial funding, expectations of a hike story, political stability and Fed actions,” Khanh said.

“Experienced investors who are closely monitoring the market can still make more confident predictions and allocate their portfolios accordingly. I believe there may be a lack of information during this period, but there will be more positive news from the end of the third quarter onwards, which will help investors feel more optimistic about the outlook for the stock market,” he added.

Promising investment sectors for the second half of the year Stocks, industrial real estate, gold and cryptocurrencies were identified as noteworthy investment opportunities in the second half of the year against the backdrop of Vietnam’s economic situation, which showed positive signs in the first half of 2024.

Lucrative investment opportunities emerge in the second half of the year At the Investment Opportunities Conference, experts analyze popular investment channels in the second half of 2024, from gold to real estate, as well as trends in asset management.

Economic status ensures open investment channels Despite persistent geopolitical and inflationary risks, industry leaders are pointing to a clear signal that economic recovery will shift investment opportunities into the second half of 2024 and beyond.

Domestic investors stand to benefit as foreign capital invades Vietnam Vietnamese businesses continue to benefit from a wave of economic change brought about by an influx of foreign investment, which is driving growth in the stock market.