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Cheap Vietnam Stocks Seen Rising to 7-Year High: Southeast Asia
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Vietnam’s stock strategists say the benchmark index will jump to a seven-year high this year as accelerating economic growth boosts earnings and the cheapest valuations in Southeast Asia lure investors.
The VN Index will advance to about 655 by the end of 2015, or 15 percent from its closing level yesterday, according to the average of 11 analyst forecasts. The measure is valued at 12.5 times estimated earnings, versus 14.3 for the MSCI Southeast Asia Index, data compiled by Bloomberg show.