Data Digest Report #22 – Earnings Performance in Q3.2024, titled “MAINTAINING STEADY GROWTH”

The third quarter of 2024 saw a slowdown in growth in key export markets such as the US, EU, and China. In Vietnam, indicators of consumer demand and investment have shown a slow recovery. Meanwhile, on the supply side, the Index of Industrial Production (IIP) and trade activities continued to grow steadily.

The third quarter of 2024 saw a slowdown in growth in key export markets such as the US, EU, and China. In Vietnam, indicators of consumer demand and investment have shown a slow recovery. Meanwhile, on the supply side, the Index of Industrial Production (IIP) and trade activities continued to grow steadily.

The macroeconomic context is clearly reflected in the business results of listed companies in Q3-2024.

*Report is available in English, Traditional & Simplified Chinese.

Key highlights of the report include:

• Key insights from earnings performance in Q3-2024

• Market valuation: P/E has declined below the 5-year average, though most sectors are trading at or above their 5-year average

• Key sectors to watch: Consumer Goods, Export-driven sectors, and Real Estate

You can download the report here:

• English: LINK 

• Traditional Chinese: LINK 

• Simplified Chinese: LINK

Figure 1: Comparison of current P/E and P/B ratios with 5-year averages by sector

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