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VNM can be Vietnam’s solely inventory within the meals and beverage business to have been really helpful by HSBC in a report launched on June 30.
The opposite 4 corporations are within the finance-banking and technology-retail sectors from Indonesia, Singapore and Thailand.
Within the early months of 2022, Vinamilk inventory was not an buyers’ favorite however now it is among the best-performing blue-chip shares, yielding revenue of almost 12% within the 12 most up-to-date periods.
Since April 7 when the VN-Index final hit 1,500 factors, Vinamilk’s shares dropped solely 8% whereas the nation’s benchmark index misplaced 20%, with many high shares shedding as much as 20-30%.
VNM additionally witnessed a rise in buying and selling quantity, changing into a protected haven for buyers amid mounting strain available on the market.
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