(Date 2020-10-02 09:41:03)
The 4.0 industrial revolution is having a massive influence on the Vietnam economy. The number of technology companies during the 4.0 era has increased dramatically. It is also the factor that makes the stocks of Vietnamese technology companies attractive and outstanding.
Technology Stocks Worldwide with Value of Hundreds of Billions of Dollars
Have you heard of billionaires like Bill Gates, Mark Zuckerberg or Jeff Bezos? Do you know what they have in common? All of the above names are owners of the world's leading technology giants such as Microsoft, Facebook, Amazon with a market capitalization of hundreds of billions of dollars.
We think that is not too surprising to you when no one can deny the powerful influence of those technology companies. In addition to creating new trends and products for society, technology companies also contribute a lot to global economic development and create a more vibrant stock market. With the increasing use of technology products around the world, it is no surprise that technology stocks are normally the most favorite stocks for investors.
Vietnamese Technology Stocks - Potential Bargains for Investors
In Vietnam, technology stocks are regarded with very high potentials. According to the Vietnam Assessment Report published by Vietnam Report, information technology and telecommunications ranked 4th among the 8 most attractive investment sectors on the stock market in 2020. This can be seen as reasonable when stocks of technology companies such as FPT, CMC Technology Group, Mobifone, etc. all have seen positive trends, increase in value as well as in interest from foreign investors.
In the year 2019, there was a new name on the UPCOME stock exchange - Clever Group Corporation - whose trading code is ADG. As a partner of world-renowned corporations like Google, Facebook, and Alibaba, as well as the intrinsic strength from the multi-member ecosystem, Clever Group and its subsidiaries are all well-known agencies in fields such as online advertising, social listening, advertising technology, etc. and ADG is promised to become a potential and promising choice for investors. ADG is expected to move to HOSE in the fourth quarter of 2020.
Many Opportunities for Technology Stocks after the Covid-19 Pandemic
It is already the fourth quarter of 2020 and we have seen lots of problems and impacts from the Covid 19 pandemic. The economic downturn occurred in many fields, but it is considered to have little impact on the technology industry, especially in Vietnam.
According to a report by Fitch Solutions, Vietnam's economy is on the way to recovery and growth, forecast to reach 2.6% in 2020. When the second outbreak was more successfully controlled, many services will recover in the last quarter of the year due to increasing domestic demand. The manufacturing sector will have a slower recovery because it depends on the world's demand, but it is still promised to quickly overcome the impact of the epidemic. That can be seen as a ground for investors to believe in the growth of the stock market, especially in the technology sector, which is considered the biggest beneficiary when services, consumption and manufacturing bounce back.
Agreeing with Fitch Solutions, analysts of Saigon Securities Joint Stock Company- SSI - had an opinion in the August 2020 Market Strategy Report that the stocks that have growth prospects shortly will belong to industries with positive consumption demand and less affected by the epidemic.
Some areas with advantages such as health care product manufacturers and pharmaceuticals, or e-commerce businesses also have better business results due to the demand for online shopping rocketing, therefore their stocks also benefited.
Back to the foundation of the industrial revolution 4.0 in Vietnam, amid the epidemic, the revolution will be accelerated with the need to digitize corporate governance, apply digital technology trends to business activities. Digital transformation is considered as one of the essential requirements of today's business and it is also seen as an opportunity for technology companies.
With the actual demand from society and the shifting pressure of traditional businesses, the stocks of technology companies promise to be the highlights of the stock market shortly.
Clever Group