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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
Right after a meeting with the State Bank led by Governor Pham Duc An, a number of commercial banks simultaneously cut deposit and lending rates. The move quickly drew market attention as investors expected that cooling rate levels would provide a fresh push for liquidity.
Against this backdrop, the question arises how funds would shift and whether the stock market could become a more attractive destination. According to Mr. Tran Quoc Toan, Director of Branch 2 at Mirae Asset Securities (MAS), rate cuts could be viewed as a direct “tonic” for the market.
1) Equities may regain appeal. When deposit rates are no longer attractive after the recent funding race, idle cash from households and institutions will tend to move to higher-yield assets, with equities as the top choice.
2) Corporate margins could improve. Lower borrowing costs help reduce financing costs, directly boosting after-tax profits and thereby lowering the market’s P/E valuation, making equities relatively cheaper.
“Interest rates are only a necessary condition; to trigger a sustainable rally, the market also needs the sufficient condition of intrinsic corporate growth and a macro environment supportive of it,”
With the market standing at a crossroads between large opportunities and many variables, Toan advises investors to favor an approach based on a company’s fundamentals while maintaining strict risk management.
Portfolio allocation: The MAS expert suggests investors may keep equity exposure around 60–70%, but should limit excessive leverage, especially in price ranges that have risen sharply in the short term. This is to reduce pressure from unexpected external fluctuations, particularly as the market remains sensitive to macro and geopolitical information.
Stock selection: Toan favors companies with clear earnings growth stories in 2026, or shares likely to attract foreign investor interest, accumulating ahead of the planned market upgrade. He says this group has a stronger basis to attract capital as investment trends increasingly emphasize quality and selectivity.
Toan also stresses discipline. Investors should adhere to stop-loss and take-profit rules rather than letting emotions drive decisions during periods of volatility. At the present stage, he argues that focusing on a company’s fundamentals is more essential than chasing speculative stocks without fundamentals.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
