Published Date: 01/10/2024
- We forecast that the overall market earnings may maintain the growth momentum and increase by 19.5% YoY in 3Q24, supported by a low-interest rate environment, a sharp decrease in the exchange rate, and the recovery of production and consumption.
- Banking sector earnings may grow by 16.5% YoY (2Q24: 19.5% YoY). Sector with outstanding profit growth include Retail(+381% YoY), Energy (+321% YoY), Industrial parks (+169% YoY) from a low base of same period.
- However, some sectors experienced a decline in profit, such as Real Estate (-3% YoY) due to the lack of new projects or Oil and Gas (-11% YoY) due to the poor performance of downstream enterprises.
