Vietnam Stocks Seen Rising Further as Earnings Outlook Improves
- Earnings per share expected to rise 20% next year: VinaCapital
- Market valuations have reached an appealing level: Maybank
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Vietnam is back to becoming Southeast Asia’s best-performing stock market just weeks after a selloff knocked it off that prized position. And analysts say the rebound can continue as earnings outlook improves and valuations remain attractive.
The country’s stock gauge VN Index has jumped 8% in November, almost double the increase seen in the regional benchmark. The measure is the biggest gainer in Southeast Asia this year.