Investing in vietnam stock market

NEW DELHI: Highest ever increase in virus cases in a day and escalating Sino-US tensions over Hong Kong halted dometic market rally on Friday. Bank stocks witnessed profit booking after two days of solid gains. India saw the highest spike of 7,466 new Covid-19 cases in the last 24 hours with 175 deaths. Total number of cases in the country is now at 1,65,799 including 89987 active cases, 71105 discharged and 4706 deaths. Meanwhile, China's parliament on Thursday pressed ahead with national security legislation for the city, raising fears over the future of its democratic freedoms and function as a finance hub. At 9.42 am, BSE flagship Sensex was down 255 points or 0.79 per cent to 31,945 while NSE benchmark Nifty shed 61 points or 0.64 per cent to 9,429. Broader market indices were trading in line with their headline peers as Nifty Smallcap dipped 0.14 per cent while Nifty Midcap fell 0.61 per cent. Broadest index on NSE, Nifty 500 was down 0.81 per cent. In the 30-share pack … [Read more...] about Sensex sheds 300 points amid weak global cues; bank stocks fall

SHANGHAI: China stocks edged up on Friday to end the week higher, as expectations that Beijing would take necessary measures to underpin the world's second-largest economy overshadowed concerns over escalating Sino-U.S. tensions. At the close, the Shanghai Composite index was up 0.22% at 2,852.35, while the blue-chip CSI300 index was up 0.27%. For the week, SSEC and CSI300 gained 1.4% and 1.1%, respectively. China has room to stimulate an economy trying to recover in the wake of the coronavirus pandemic, but the government does not want to open the "floodgates", Premier Li Keqiang said on Thursday at the end of the annual meeting of parliament. "We have reserved policy room. Be it fiscal, finance, or social security," Li said. China's factory activity likely rose for a third straight month in May as the economy recovered from strict lockdowns implemented to contain the coronavirus outbreak, which has hammered global business activity. Leading the gains for the week, the … [Read more...] about China stocks end higher as stimulus hopes offset Sino-US worries

I believe in front foot batting. I do not believe in getting on the back foot at the time of the crisis, says Suresh Narayanan, Chairman & MD, Nestle India. How are things coming back to normal -- both in the office or on the shop floor? Are you seeing a sense of normalcy returning?I always believe that the blessings of our consumers, the hard work of our employees, our partners and stakeholders is keeping us going and keeping us inspired. In these times of difficulty, we continue to be inspired by the people around us. The last time I spoke to ET Now was just after the lockdown, the situation was a lot more chaotic in some sense. We are now in much calmer waters. I am happy to inform you that all our eight factories, more than 70-75 per cent of the capacities, are operational. Many of our suppliers are MSMEs and I had hoped that we would be able to keep them all afloat. I am happy to inform you that all our suppliers by and large have started up. We have helped them to start … [Read more...] about Rural India will revive a bit better than urban markets: Nestle CMD

NEW DELHI: Equity investors have taken a big hit in the recent selloff on Dalal Street due to concerns over the coronavirus pandemic. The bloodbath has forced investors to think about their equity investment and now they are wondering whether to shift to fixed deposits or change investment strategy. Some fear they might never be able to recover their money again. Kailash Kulkarni, Chief Executive Officer at L&T Mutual Fund tried to clear this dilemma in his recent letter to investors. He wrote that the present situation is worrisome and has only multiplied with the coronavirus pandemic now looming on every country around the globe. In India too, BSE Sensex and NSE Nifty have tumbled nearly 30 per cent till date from their respective all-time highs hit in January. “As governments and world organisations are taking measures to handle this outbreak, the battle seems to be long drawn at this point. Obviously as an investor I am worried,” said Kulkarni. He added that the … [Read more...] about Should you shift to FDs or tweak investment strategy? Here’s a cue

Valuation Guru Aswath Damodaran has made a wakeup call to those who believe in old-style value investing. The Professor of Finance at Stern School of Business at New York University (NYU) says value investors have got stuck in the 20th century. In an interaction with ETNow, he said value and growth investing has become a very lazy categorisation of investing. “The former style lost out to the latter over the last decade. Stocks with low price-to-earnings (P/E) ratios and high dividend yields have been hurt the most,” he said. Often referred to as the 'Dean of Valuation’, Damodaran said as an investor one should not convince oneself that he is right and the rest of the world is wrong. “I think book value has completely lost its meaning. Value investing is not just buying low P/E and price-to-book stocks. I describe valuation as a craft. The Covid-19 crisis has humbled me further. There is so much to learn,” he said. Commenting on the events of Calendar … [Read more...] about Old style value investing doesn’t work anymore, says Damodaran