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November Stock Performance


Vietnamese stock markets performance November 2017

The Vietnamese stock market is currently one of the fastest growing markets in the world. The index continued to rise thanks to the strong rise of ROS, SAB and other bluechips such as VNM and VIC. Even though reasoning only in terms of P/E gives an incomplete picture to asses a stock market valuation, the Vietnamese stock market seems no longer one of the cheapest in the Southeast Asian region. Vietnamese largest companies P/E have notably risen a lot recently. On the economic side, recent data indicates that the country remains on a solid trajectory notably with very strong exports. Over the month, Ho Chi Minh index is up by 13.5% and Hanoi index is up by 9.1%. Our reference portfolio recorded a 7.8% monthly gain. Anh Thomas returns over the long run are impressive. Since being launched, Anh Thomas portfolio overall return is +339.3%, greatly outperforming both Hanoi and Ho Chi Minh indexes (+66.2% and +138.7% respectively).

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