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Company lists ‘golden stocks’ for investment
A group of financial experts has designated the listed shares of 19 firms as "golden stocks" promising growth for investment.
"The selection depends on three basic criteria, including growth capacity, financial indicators and market indices," said Vu Thuong, director of the Golden Stocks project. "But we have other criteria which are adjusted on the market development, to make the selection as objective as possible."
The designation aims to give investors a reliable seal-of-approval based on independent and detailed analysis of earnings performance, growth potential, share price fluctuations correlative to market development, price-to-earnings ratio, etc.
The experts who participated in the selection included Dao Trung Kien, director of Viet Nam Financial Information Co Ltd, and Lam Minh Chanh, director of Dong Duong Securities Co. Viet Nam Financial Information Co Ltd is the sponsor of the Golden Stocks project.
Among the 19 "golden stocks", 17 are listed on the HCM City Stock Exchange and two on the Ha Noi bourse. Some of the stocks chosen include such well-known shares as Asia Commercial Bank (ACB), Phu My Fertilisers (DPM) and PetroVietnam Drilling (PVD).
A publication about the golden stocks has been published in Vietnamese by the Vietnam News Agency Publishing House at a price of VND105,000. An English translation will be published in August, aiming to serve the demands of foreign investors on the domestic stock market.
vietnamnews
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