At the seminar "Stock market 2010" held on March 17, the analysts of Bao Viet Securities Co (BVSC) predicted that the 2010 revenue of southern bourse listed firms will grow 22 percent and their profit will surge 15 percent against 2009.
In details, revenue growth of basic material companies will reach a highest rate of 53 percent this year, followed by real estate companies +37 percent, financial service providers 36 percent, construction and materials +28 percent, brewery and food +24 percent, banks +21 percent, while that of public service firms is predicted to fall 2 percent year-on-year.
Also, the 2010 profit after-tax of STC listed financial service companies will jump 52 percent, real estate firms 36 percent, petroleum +36 percent, industrial goods and services -20 percent, food and drinks -11 percent (despite its revenue +24 percent), citing BVSC's forecast.
Explaining about this forecast, BVSC said, the economy will be more sustainable in 2010 so enterprises can plan to expand business production.
The forecast was built based on 60 companies with the highest capitalisation on Hochiminh Stock Exchange (STC).
According to BVSC, after the strong correction periods, share price band of Vietnamese stock market stands at a fairly attractive level. Price to Earnings (P/E) ratios of the most recent quarters till January 29, 2010 and in the whole 2010 are estimated at 13.8 times and 11.3 times, marking the lowest level compared with other regional markets.
BVSC's forecast will open potential investment opportunities for new money flow and funds thanks to the sustainable economy.
The broker expects VN Index to be around 650 points in late 2010.
Particularly, Bao Viet Securities Co (coded BVS) plans to reach 300.7 billion in revenue and 175 billion dong in pre-tax profit this year, against 2009's 292 billion dong and 186 billion dong. The company will organise the annual shareholder meeting on April 3, 2010.
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