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Rubber stocks still wanted despite market falls
While most of share items have been witnessing sharp price decreases in the gloomy period of the national economy, some share items still can keep shareholders optimistic.
Shares of rubber companies
Rubber shares are still considered valuable as they are supported by the sharp increases of natural rubber in the world’s market. The natural rubber prices have been increasing because the oil price keeps rising every day.
Besides, the limited supply and higher demand both are expected to push rubber prices up. Rubber exports now can bring 60% of total turnover to rubber companies. The companies always have profuse cash, while they do not rely on bank loans, therefore, their business do not bear much influence from the increased bank interest rates.
Shares of pharmaceutical companies
It is expected that pharmaceutical industry will maintain high growth rate this year, estimated at 15%. The main source of income of listed pharmaceutical companies comes from the domestic market, which proves to be stable even when the national economy is facing big difficulties.
In 2008, the only factor that can influence pharmaceutical companies' business is the increased input material prices. However, the companies, anticipating the input material price increases, have reserved big volume of materials already, which will keep them stay safe from the price incerases.
According to the Saigon Securities Incorporated (SSI), the turnover increase and post-tax growth of listed companies are as follows: 14.2% and 14.1% respectively for DHG, 14.6% and 15% for DMC, 35.1% and 10.7% for IMP.
Shares of oil and gas service companies
The continued increases of crude oil prices in the last two years have been serving as the impetus for the oil exploitation and supporting industries to develop. Analysts believe that oil and gas relating industries and services will develop well not only in 2008, but in 2009 and 2010 as well.
Shares of seafood companies
Seafood industry is thought to maintain the stable growth rate of 10-15% per annum. The demand for seafood products is increasing rapidly in the world in the context of the global food and foodstuff crisis. With the advantages of cheap products and stable supply sources, Vietnam is expected to make another record in seafood exports this year.
VNN
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