Following the market’s prolonged correction since the outset of the year, many sectors are now trading at significantly lower valuation levels. Nguyen The Minh, director of Investment Banking at ABS Securities JSC, noted that the VN-Index’s average price-to-earnings (P/E) ratio has fallen to around 10–11 times. “This is a relatively low level, approaching the valuations seen when the market bottomed during previous crises, including the outbreak…
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