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View Full Version : Rushing to purchase finance and real estate company stocks



boiman
17-04-2009, 11:51 AM
The securities of the companies in the fields of finance and real estate are being hunted by investors, who believe that the most difficult times of the market are over.


The VN Index has made a splendid recovery from its deepest low of 235 points, having increased by 45%. Meanwhile, several tens of share items have witnessed the price increase of 100%. Just within one month, the increases of the stock market have brought six times more profit than 1-year deposits.


Among the securities items of finance companies and banks, the sharpest price increases have belonged to [url="http://www.vietstock.com.vn/vstfinance/StockDetail.aspx?scode=SSI&q=SSI" target=_blank>SSI (Saigon Securities Incorporated) and STB (Sacombank) on HCM City bourse, and BVS, ACB and ACB, for example, witnessed the sharp price increase of 85% from VND22,500/share on February 24, when the VN Index was at 235 points, to VND41,700/share on April 14. Meanwhile, STB (Sacombank), though having seen a more modest increase of 63% (the price now VND21,700/share), is the share item with the highest liquidity. REE, a typical share item, whose shareholders benefit when the stock market increases. KBC up by 85%, CII 100% and DHG (+ 15%), SAM is also a share item which has caught the special attention of investors, with a 100% increase to VND21,800/share, and a high trading volume (10mil shares per trading session). However, other share items in the same field like UNI and SAM, STB and SSI has warned that technical risks in short-term investments prove to be at a high level as the current price levels are not cheap anymore with the PE at 12x. However,