Macro/ Strategy

The stock market made an impressive recovery in January 2023 after the deep correcting period in 2022. In addition, the momentum of the recovery came from the positive surprised economic data from the US, which helped strengthen the belief of slowing down the rate hike and ending the restrictive monetary series of FED soon. Besides, the 2022 business results of enterprises are mixed, directly affecting the market movements.

"Value Seeking" portfolio includes leading blue-chip stocks, which have been heavily discounted recently. In terms of investment efficiency, the portfolio’s return continuously outperformed the VN-Index’s return.

In 2023, we assert the Vietnam economic growth rate will cool down to 6%. This is the favorable year for companies having strong core business to break out and take the lead.

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