Equity Analysis / Vietnam

Vietnam 2020 investment strategy

In our 145-page strategy report we cover all angles of the Vietnam investment case in 2020. Top-down, we highlight the global and domestic macro drivers, as well as inflows from upcoming index changes as Vietnam becomes a dominant weight in FM indices. Bottom-up, we assess the trends in each sector, while in our stock-by-stock analysis of our entire coverage we provide detailed forecasts, investment rationale and operating risks for the coming year. 


Most Viewed See all latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not cons...

Full Tellimer disclaimers
Macro Analysis / Pakistan

Pakistan and Covid-19: If a buying opportunity exists, Pakistan is well placed

  • Pakistan economy faces growth concerns, but BoP issues seem largely addressed
  • Pakistan retains ability to ramp up both monetary and fiscal stimuli
  • Equity market will likely remain volatile
Raza Jafri @
Intermarket Securities
22 April 2020

In this 34-page report, we look at Pakistan's economy, valuations and equity market outlook in the context of the Covid-19 crisis, explore Pakistan’s domestic demand theme and present our top picks. 

Economy: Solutions for BoP stability are available 

  • Growth is a concern but this is not unique to Pakistan
  • BoP issues are being addressed
  • Further policy action will likely ensue
  • Once the outbreak is contained, domestic demand will drive economic growth

Equity Market: Likely to remain volatile

  • KSE-100 had been under pressure over the last several years; the bar has been set low
  • Valuations are near cross-cycle lows; we eye an Index range of 27,000pts (-20%) to 41,000pts (+25%)

Risks 

  • Sharp and prolonged economic fallout from the pandemic
  • Any political disruption and social upheaval

 
Read more

3 articles remaining this month. It's free and easy to sign up.