Investing in vietnam stock market

50-60% of the excesses in the midcaps has been corrected. There is still way to go but you are going to see very big rises very fast, says big bull Rakesh Jhunjhunwala, Partner, Rare Enterprises, in an exclusive interview with Nikunj Dalmia of ET Now. Edited excerpts: Looking at the state of the market, do you think we are in a bear market? I do not agree that we are in a bear market. In any market, at any stage, some stocks are going to underperform and some are going to outperform. The index went up from 4700-4800 to 11000. Today also it is around 11,000, peak of 11,300. Now, the market according to me, is consolidating to make the second phase of a rise. There is polarisation in the market, that polarisation will correct itself but there were a lot of excesses in the midcaps, matlab 40 PE kya hota hai (What is 40 PE)? It is that kind of PE that quality companies should carry. The nature of their business, their corporate governance, their cash profile, deserves that kind of PE. I … [Read more...] about What bear market? We are in a state of consolidation: Rakesh Jhunjhunwala, Rare Enterprises

By DK Aggarwal Investing in the equity market is not only about studying numbers; it is also about judging the qualitative factors, among which investors are increasingly beginning to realise ESG – i.e. environmental, social and governance – issues play a key role in the way a business grows and creates value for its investors. Today, social and environmental concerns of a business are as important as financial performance and governance. Now, investors look for sustainable return on investment. And ESG investing has become a key criterion to replace the question ‘what are the returns?’ with ‘how much sustainable return’? To note, ESG is the fastest growing investment concept globally, with some $22 trillion, which is nearly 25 per cent of all institutional investment now branded as ESG. The Indian stock market has been working on this ESG theme for long. Eventually, the ESG aspects, which are non-financial in nature, have financial … [Read more...] about ESG investing catches investor fancy, forcing India Inc to become compliant

Christopher Wood, one of Asia’s top-ranked market strategists, says depressed profit growth in India provides good opportunity for long-term wealth creation. Wood, Global Head of Equity Strategy at Jefferies, says from a 10-year perspective, he would prefer to buy into the Indian market more than the US market. “Corporate profit has peaked in the US,” he said during an interaction with CNBC-TV18, adding that corporate earnings in the US are not as good as they seem. On India, he said it make sense to own some oil stocks as a hedge against a potential shock on crude oil prices. He also likes life insurance companies and mutual fund players in the Indian equity market. Wood believes the sharp slowdown in the economy would provide a great opportunity for consolidation to top Indian companies. On India’s NBFC crisis, Wood said: “My approach to solving the crisis would be to auction off underlying assets. Auctioning off stuck real estate projects will … [Read more...] about ‘From a 10-year view, Indian stocks better than US’

Almost 58 per cent stock brokers will invest in 'algorithmic trading or algos' as part of their technology software spends in 2020, which indicates precision and speed in execution of trades will continue to be the focus area for them, a survey by ANMI said on Friday. The StockTech survey, conducted by the Association of National Exchange Members of India (ANMI) that surveyed around 450 trading members across the country, found that besides front-office and back-office software, other technology software that most brokers -- around 58 per cent -- would invest in algorithmic trading or algos. This shows "precision and speed in execution of trades will continue to be the focus areas for brokers even as broking services migrate towards automation and Delivery Instruction Slip (DIS) models," the survey noted. A DIS is used by sellers of securities to instruct their depository participant to debit their demat account. The survey also found that almost 86 per cent of brokers consider … [Read more...] about 58% brokers to invest in algos in 2020: Survey

Share price of HDFC Asset Management slid for the second day on the trot on Thursday, as it adjusted to the floor price for the offer for sale by joint promoter Standard Life. The stock fell 4 per cent during the day. Bharti Airtel skidded 3 per cent after unveiling a $3 billion fundraising plan on Wednesday. Bank stocks suffered after RBI kept key policy rate unchanged against market expectations of a 25 basis point rate cut. Media stocks, meanwhile, were buoyant, helping Nifty Media index to close nearly 3 per cent higher thanks mainly to gains in Zee shares. BSE benchmark Sensex settled 70.70 points down at 40,779, while Nifty shed 24.80 points to close at 12,018. "A precautionary pause due to high food inflation and the tepid pace of transmission of previous rate cuts prompted RBI to turn more vigilant on the inflation trajectory. A steep cut in GDP growth forecast to 5 per cent for FY20 seems to be more realistic, and it raises prospects of more government intervention to … [Read more...] about Airtel, HDFC AMC slide; 41 stocks flash ‘sell’ signals