SSI Research says the VN-Index is down about 9% from its 2026 peak, but excluding Vingroup-related stocks the index has fallen as much as 16% since early September 2025. In the first 9 months of the year, the index excluding VIC, VHM, VRE and VPL dropped 6.5%, while the Vingroup group rose 22.7%. VinaCapital argues that capital concentrated in a few leading stocks leaves many businesses with good prospects overlooked, and BVH, GMD and PVS have risen about 20-40% since the start of the year. Deputy CEO Nguyen Hoai Thu says investors should study each company rather than chase the market leaders, and that low prices alone do not identify an opportunity. SSI Research forecasts market-wide profit growth slowing to about 10.1% in 2027 from 30% in 2026.
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Original headline: Nhiều cổ phiếu 'nguội lạnh' trong mắt nhà đầu tư
Read the original on VnExpress ↗
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