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The market’s forward price-to-earning (P/E) ratio has declined from 14.1 to 10.9 since April, tracking the 23 percent drop by the benchmark VN-Index. The fund’s founder, Petri Deryng, said the crash came as "a complete surprise" as there was news of robust earnings growth and valuations were modest. Vietnam’s valuations are now irrational with a forward P/E ratio of 10.9 though Q1 earnings growth was 31 percent and the forecast for the full year is 19-29 percent, he said. Vietnam’s five-year historical rolling P/E has been 16.5, and even topped 20 during periods of strong earnings growth, he pointed out. "The outlook of the global stock markets cannot be ignored when assessing the possible timing of the bull runs of the Vietnamese market, but at these valuations Vietnam offers a stable economy and extremely cheap stocks," he said in a note published Thursday. Vietnam’s stock market was affected by the conflict in Ukraine and the fall of the Nasdaq, but the crash was mainly … [Read more...] about Vietnam stocks ‘extremely cheap’: Finnish fund

Christopher Rungkat and Aldila Sutjiadi from Indonesia (Photo: VNA) Bac Ninh (VNA) - Philippine tennis players Ruben Gonzales and Treat Huey pocketed the men’s doubles gold after getting the best of fellow Philippines Jeson Patrombon and Francis Casey Alcantara on May 21 during the ongoing 31st Southeast Asian Games (SEA Games 31). The bronze in the event went to two pairs from Vietnam. In the women’s individual event, the final match was between Anchisa Chanta and Luksika Kumkhum, both from Thailand. Luksika Kumkhum beat Anchisa Chanta 2-1 to win gold. The bronze medal was shared by Vietnam’s Chanelle Van Nguyen and Alexander Eala from the Philippines. Earlier on May 20, in the mixed doubles event, the pair of Christopher Rungkat and Aldila Sutjiadi from Indonesia defeated Thai pair Pruchya Isarò and Patcharin Cheapchandej to win gold. SEA Games 31 , themed “For a Stronger South East Asia”, is underway in Vietnam from May 12 – 23 in 12 cities and provinces. The … [Read more...] about SEA Games 31: Tennis gold medalists found

Reporters take part in the third international press conference on May 21. — VNA/VNS Photo Tuấn Đức Thanh Hà HÀ NỘI — The SEA Games 31 is considered an event of solidarity in the spirit of fair play, according to the Organising Committee at the third international press conference on May 21 in Hà Nội. Many local and international reporters and journalists attended the conference chaired by deputy head of the Information and Communications Sub-Committee Lê Thị Hoàng Yến, who summarised and reviewed the regional sports meet's activities. "Almost competitions have been well organised in the spirit of fair play and sportsmanship. Olympic sports are run following clear rules and regulations while sensitive sports, including martial art performance events, are assessed fairly and objectively," said Yến, who is the vice chairwoman of the Việt Nam Sports Administration. "The chief-de-missions of all teams are satisfied with organising activities of the hosts. To date, we have not … [Read more...] about ‘Games held in spirit of fair play’: organisers

The Vietnam women’s football team have wrapped up their 31st Southeast Asian (SEA) Games campaign in style after grabbing a 1-0 victory against archrivals Thailand in the title match on Saturday night to successfully defend their gold medal at the region’s largest sporting event. The game at northern Quang Ninh Province’s Cam Pha Stadium, which was fully filled with 16,020 spectators, was Vietnam’s ninth consecutive SEA Games final and the sixth in a row for Thailand. After the hosts dominated in the first 15 minutes, Thailand started pushing forward. No goals were scored despite many chances created by both sides in the first half. Vietnamese (in red) and Thai players vie for a ball during their women's final at the 31st Southeast Asian (SEA) Games at Cam Pha Stadium in Quang Ninh Province, Vietnam, May 21, 2022. Photo: Tuoi Tre Vietnam opened the scoring 14 minutes after the restart despite pressure from Thailand. Duong Thi Van won the ball back in the … [Read more...] about Vietnam continue ruling SEA Games women’s football with third consecutive title