In India, the Nifty50 has historically peaked at around 19x on forward PE basis. The Nifty50 trades at 24x FY21 estimates and 18x FY22 estimates. One year forward PE still looks very expensive at 22x, considering lower forward RoEs of around 13-14 percent. Globally, too, most developed markets are trading at new peak valuations. Hence, the risk-reward ratio is not favourable for either global markets or Indian markets. The upside could be in mid-single digit, whereas the downside could be in higher double digits. Be conservative, hold some cash and look to enter in corrections. … [Read more...] about ‘More MF outflows seen if market keeps rising; BFSI stocks can outperform in next one year’
Stoxx usa total market
Concerns over election uncertainty have risen because of a heavier reliance on mail-in ballots due to the pandemic. President Donald Trump has asserted, without evidence, that mail ballots would increase fraud and disrupt the November election, although experts say voter fraud of any kind is extremely rare in the United States. Trump increased those calls Wednesday by suggesting that residents of battleground state North Carolina try to vote twice, an illegal act. The presidential election “will bring volatility to the markets even beyond the actual election day. There is the potential things will not be decided the night of the election” due to delays in counting mail-in votes, Ripley said. … [Read more...] about RPT-Wall St Week Ahead-U.S. stock market surge may run into scary September
According to MSCI, Vietnamese shares may account for 25.2 per cent of the total in the frontier markets index and the US finance firm may increase the number of Vietnamese investees to 16. … [Read more...] about VN weight in MSCI Frontier Markets Index unchanged
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about Market cap-to-GDP ratio moves above long period average; time for caution?
Banking stock also performed poorly with Vietcombank (VCB) falling 3.1 per cent, Vietinbank (CTG) down 1.5 per cent, Bank for Investment and Development of Viet Nam (BID) losing 3.9 per cent, VPBank (VPB) declining 2.6 per cent, Military Bank (MBB) decreasing 1.1 per cent, Techcombank (TCB) losing 2.5 per cent and Asia Commercial Bank (ACB) falling 1.4 per cent. … [Read more...] about Varying forecasts for stock market, plenty of opportunities for investors