Financial expert of 28 years in Vietnam: Stop pouring money to buy iPhone and milk tea, buy stocks! This is a once-in-a-decade opportunity
- Tram Ho
“In the investment industry, especially when it comes to money management, most of us have to go in a slightly different direction to make money, but going with the trend will be difficult to make money. That is the first theory “, said Mr. Quan Duc Hoang – Chairman of the Board of Directors of A+ Fund Company at the Seminar “Identifying 2023: New investment opportunities in a new environment” organized by Investment Newspaper.
Starting his career in 1989 in the New York market, as an analyst for a fund, Mr. Hoang then moved to large banks, holding the positions of CEO and general director.
Recalling the time when he returned to Vietnam 28 years ago, at first, he could not speak Vietnamese, Mr. Hoang said, ” I have never felt the opportunity in Vietnam as great as now “.
“ This is a once-in-a-decade opportunity. It resets, revalues the whole company at an average P/E of 10 in the market, many P/E companies are below 5 – 6. I don’t believe I can find any more opportunities, at least. in my life, if I live for another 20 years …”, Mr. Hoang said.
Starting from a math expert and an analyst, Mr. Hoang expressed his opinion that 300 trillion bonds coming due in 2023 (according to data from the Vietnam Bond Market Association – VBMA) do not have much influence. up the market. Although this is a very large number, it is very small compared to the bank debt market at USD 100 billion and not equal to 1/10 of the amount of bank deposits (Mr. Hoang said it is currently at VND 4 million billion). .
Regarding the exchange rate, the Chairman of A+ Fund also said that there is only short-term impact.
Mr. Hoang also gave two other stories to strengthen confidence in the Vietnamese market. First, A+ Fund has just conducted investor surveys in a number of countries and territories in the UK, Germany, Taiwan, the US… During a trip to 8 cities, all the funds he met were optimistic. and expressed his desire to invest in the Vietnamese market.
Another indicator Mr. Huang gave is the current level of inflation, which is essentially due to the influence of weak supply, the impact from the supply chain, which China’s zero covid policy has largely impacted.
“ The difficulty of analysis is that you can analyze all the numbers, but you cannot measure investor sentiment. Investor sentiment can change at any time. Currently, I think that index in Vietnam is very low ”.
“ The new sentiment is the correction of the market. As for the base, Vietnamese businesses are doing very well. The Chinese side has abandoned the zero covid policy ,” Hoang said.
Responding to Investment Newspaper, the Chairman of A+ Fund also stated: “A huge mistake in the current Vietnamese market is that the financial investment education for investors is still weak, so they underestimate investment. I have taught many classes about investing and I always tell young people to stop pouring money into buying Iphone and milk tea, and instead buy stocks of assets starting today”.
“ In investing, it’s the tough market that creates the superhero. The people who got rich from the stock market all appeared in times of crisis. Rarely do we make money when the market is up .”
“ My friend on social media is now named ‘Quat Manh In’. I think my nickname was Hoang D Quan before, but now I will change it to ‘Hoang Di Mua’. Expectations in this market are really too great ”, said the Chairman of A+ Private Investment Fund.
Source : Genk