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Banking & Finance

MSI lists sectors with potential in stock market

Released at: 20:00, 20/01/2017

MSI lists sectors with potential in stock market

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Construction and industrial production leads way on list from Maritime Securities Incorporation.

by Van Le

A report from Maritime Securities Incorporation released on January 19 listed six sectors and one company in Vietnam’s stock market with potential in 2017: gas, food and beverages, insurance, construction and industrial production, automobile and retail, and building materials, as well as subsidiaries belonging to Vinachem.

The construction and industrial production sector is expected to achieve the highest growth, of 24 per cent, followed by food and beverages with 18 per cent, insurance, automobiles and retail with 17 per cent each, and building materials 10 per cent.

Crude oil prices may bounce back to $60 per barrel, which will support gas enterprises to improve their businesses performance.

Food & beverage enterprises, including Sabeco, Habeco, Vissan, and Quang Ngai Sugar, are expected to grow strongly in 2017.

Real estate may be risky because credit to the sector is limited and the supply of apartments is increasing significantly.

Fisheries and textiles have a poor outlook due to rising labor costs and falling exports.

The three sectors with the highest growth in 2016 were construction and industrial production (83 per cent), building materials (82 per cent), and automobile and retail (82 per cent), while real estate sector increased just 1 per cent.

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