Mirae Asset says the market’s E/P ratio is around 7.5%, equal to the 12-month deposit rate, amid foreign net selling and weaker liquidity. Its 10-year data show strong buying demand typically appeared when E/P reached 8-9% or higher, helping form bottoms in 2016, 2020, 2022 and 2025. As an illustrative valuation scenario for end-2027, the report says that if E/P stays at 8-9%, the VN-Index could trade around 1,700-1,900 points, based on EPS growth assumptions, though this is not a firm forecast. It warns that EPS growth could slow from 30-33% in 2026 to 12-14% in 2027 amid high interest rates, external risks and bad-debt pressure at banks. Mirae Asset suggests long-term investors could consider accumulating once macro factors become more balanced.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Dấu hiệu tạo đáy của thị trường chứng khoán
Keywords
VNINDEXvaluationforeign investorsinterest rates
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/21/2026 | 1,738.67 |
| Change that session | +2.76% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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