by finandlife29/03/2020 17:17
GDP growth is lower than expectation, 3.82% comparing to 4.5% due to corona virus. This is the time to adjust every variable in the valuation model, especially earnings growth.
Bull case, upside of Vietnamese stock market is 20%
Base case, downside is 5%
Bear case, downside is 31%.
Despite the sharp decline in the last 2 months, scenario analysis still show risk which is higher than reward at this price.
FINANDLIFE