Value Seeking porfolio for November, 2022
04/11/2022

Summary

- In October, the VN-Index decreased by 9% due to the pressure from macro factors.

- The 4th interest rate hike of FED, followed by the State Bank of Vietnam continuing to increase the operating interest rate by 1% for the second time and raised the USD/VND exchange rate band from +/-3% to +/-5% to curb the inflation and stabilize the economy. Besides, the handling of recent violations regarding corporate bond issuance has also severely affected the stock market.

- The "Value Seeking" portfolio includes leading blue-chip stocks, which have been heavily discounted recently. However, in terms of investment efficiency, the portfolio outperformed the VN-Index. Strong contributions came from FRT (+16%) and VNM (+9%) thanks to its sustainable business model and positive outlook.

Category
Strategy
Author
SSV
Details

Page: 14

Lauguage:

File format: pdf

Size: 7.21 MB