According to the Chairman of SSI, the market is less risky because Vietnam has curbed COVID-19, Vietnam’s economy does not borrow much. The third is that Vietnamese businesses on the stock market, despite difficulties, can survive and develop through epidemics.
‘Vietnam stock market is much less risky than other markets at this time’
Vietnam’s stock market had a prosperous second quarter after falling deeply in the first quarter due to the pessimistic psychology of investors about the COVID-19 disease. The strong recovery of the market partly came from the cash flow of domestic investors, especially individual investors.
Therefore, the topic of cash flow of individual investors, or generation of investors “F0” attracted a lot of attention of domestic investors.
This afternoon (June 27), at the annual shareholders’ meeting of SSI Securities (Code: SSI), some shareholders of the company asked questions about risks when cash flow from investors (investors) Individual is the main driving force of the market for the head of the largest securities company in Vietnam.
According to Nguyen Duy Hung, Chairman of SSI Securities, Vietnam’s stock market is much less risky than other markets at this time. The reason is that Vietnam has controlled COVID-19, Vietnam’s economy does not borrow much. The third is that although Vietnamese businesses on the stock market face many difficulties, they can survive and develop through epidemics, not to bankruptcy.
“So choosing a good company and investing in, I think there are still many opportunities,” said Nguyen Duy Hung.
“We see that the story does not have much influence in whether investors participate more or less in the stock market. However, the risk for investors or not. In essence, the abnormal market fluctuations always have potential risks. The greater the risk, the higher the expectation of short-term profits is. The bigger the risk. Each individual must have their own strategy to manage their risk. There is no one common formula for all, “said the chairman.
Cash flow from now until the end of the year continues from individual investors
Also at the event today, investors questioned the forecast of cash flow trends in the market with the Chairman of SSI Securities.
According to Mr. Nguyen Duy Hung, cash flow from the beginning of the year is mostly individual investors. Institutional investors and foreign investors continued to be net sellers in the second quarter, not yet net buyers although they stopped net selling and some organizations bought back. However, the money to help the market maintain strongly until today is largely due to individual investors.
So the cash flow scenario from now until the end of the year continues from individual investors. The reason is that foreign investment funds are facing difficult situation of COVID-19. Organizations can’t fly to Vietnam because they haven’t opened the market yet and they never know,
“From business strategy to action plan, it takes a lot of time. So we do not have high expectations from now until the end of the year, it is possible to have a lot of cash flow from outside funds.”
“However, the fact that we have destroyed COVID-19 for the first time and the market has completely reopened. I hope the Vietnamese economy is the least affected and is a bright spot for foreign investors to pay attention.” even when there is a delay when cash flows in, just care will help the market prosper from now until the end of the year, “SSI Chairman answered at the meeting.