Dragon favors Vietnam consumer and drug stocks

Dominic Scriven, director of investment fund Dragon Capital, talks with Bloomberg from Hanoi about the performance of Vietnam’s stock market, the outlook for corporate earnings and his investment strategy.

...This is not a hugely liquid market but I think the sensible approach has been to reflect: where are the predictable, visible earnings-growth companies and how can one get properly positioned in those?

That would be the foods, the pharmaceuticals, the other consumption stocks [like] beverages.

There will be a time to get more properly positioned in what we call the asset-based businesses; the banks and the real estate companies.

But we probably expect that not to be attractive until the latter part of this year, maybe even the early part of next year.

Dragon favors Vietnam consumer and drug stocks - Dominic Scriven, director of investment fund Dragon Capital, talks with Bloomberg from Hanoi about the performance of Vietnam'€™s stock market, ... [Vietnam Stock Market- IceRocket]