Borrowing US$5 billion to invest in stocks: worries behind the record Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
15/07/2021 11:40 GMT+7
The number of newly-opened securities accounts opened in the last 18 months is equal to the total number of the previous 20 years.
“The price of stocks is skyrocketing. We see big profits from investing in stocks but we cannot borrow more money, Mr. Nguyen Tan Duong said after the brokerage of a securities company informed him that he could not borrow more money under the law (maximum loan is twice over equity).
‘Running out of money for lending clients’ is the common situation of many securities companies. Believing that the Vietnamese stock market has very good prospects, Duong wants to increase financial leverage, and pour money into securities and banking stocks to increase profits.
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Thursday, July 08, 2021, 08:30 GMT+7
People browse for fresh vegetables at a VinMart supermarket.
After the trading session ended on Wednesday, Masan Group (MSN) stocks reached VND116,000 (US$5) per share but many local and foreign financial institutions estimated that the company s target price is much higher.
‘Awakening giant’
Many securities companies have predicted that the VN-Index will reach 1,500 points by the end of the year.
However, investors still have to seek stocks with good growth potential if they want to gain profits.
In this context, analysts have recently raised their valuation of many large-cap stocks from such sectors as banking and securities, as well as from large-cap companies in the market.