Macro/ Strategy

At the close of the trading session on October 10, 2024, the VN-Index closed at 1,264, up 11.9% compared to the beginning of 2024. In the meantime, the growth portfolio had a good return rate of 26.2%, thanks to the positive business results in 9M/2024.

Positive contributions to the portfolio's investment performance in 2024 were FPT (+60.1% YTD) and CTR (+40.9% YTD). In which, FPT's stock price has reached a new all-time high since its listing. The 9M/2024 business results of the growth investment portfolio were impressive, with total revenue increasing by 21.8% YoY and net profit rising by 45.5% YoY. 

In Q4/2024, we expect the portfolio's performance to continue showing impressive growth.

• For the banking group: we expect this group's profit will continue to grow in the peak business season at the end of the year when credit acceleration to complete the plan. In favorable economic conditions, when the demand for production and business activities improves, it will boost credit demand
• For the technology sector: we assess that the group's profit continues to grow strongly driven by (1) the booming demand for AI, (2) automation, and (3) cloud platforms.
• For the telecommunications sector: The discontinuation of 2G networks from mid-October 2024 and the anticipated accelerated commercialization of 5G networks are expected to boost profits for businesses in this sector.