Vietnam Stocks to Climb 12% by Year-End on Valuations, PXP Says
This article is for subscribers only.
Vietnam’s benchmark equity index is poised to rally 12 percent by year-end as the lowest valuations in almost eight months lure investors and inflation slows, according to PXP Vietnam Asset Management.
“We have been buying undervalued stocks in the past week or so,” said Kevin Snowball, whose PXP Vietnam Fund Ltd. has climbed 39 percent in dollar terms this year, versus 13 percent for the nation’s VN Index, data compiled by Bloomberg show.