FIINPRO TALK #7 (HANOI CITY): Vietnam Banking and Real Estate Stocks: Closing for 2018 and Outlook

9/27/2018 2:00:00 PM

Free of charge for FiinPro Clients (01 complimentary ticket/per FiinPro account) For non-clients: VND 2,200,000 /per participant (VAT inclusive) Special 30% discount for all StoxPlus’s clients

Vietnam Banking and Real Estate Stocks: Closing for 2018 and Outlook

Banking and Real Estate Stocks have been undoubtedly driving the market given its 40% contribution to the total market cap. These two groups also attracted a large portion of daily trading value which is 47% YTD and 88% of net foreign trading value into Vietnamese stock market are poured into banking and real estates.

Forming an investment view the market toward the end of this year 2018 and beyond, it will be largely depending on the view for these two sectors by any fund managers and investors.

While macroeconomic indicators are still expected in upticks by market consensus, there have been some questions raised for earnings performance in 2H2018 and beyond for banking sectors and implications for its stocks due to the banks’ earnings management and related policies in cutting credit growth cap to 17% and the tightening credit for real estates under Circular 19 by SBV recently.

In this context and as scheduled seminars for our customers of StoxPlus, FiinPro Talk #7 is designed to address this topic. We are graceful to have speakers as thought leaders from fund manager Mr. Dao Phuc Tuong from APS Asset Management; Mr. Troy Griffiths, Deputy Managing Director, Savills Vietnam; and a representative from policy makers Mr Nguyen Tu Anh, Deputy General Director, Monetary Policy Department of SBV. We believe this is the best possible speaker composition for view exchanges and discussion with audience.

What’s to expect in event?

  • 14:00 – 14:10 (10’)  Welcome and introduction
  • 14:10 – 14:25 (15’)  Presentation: “Vietnam Real Estates - Where the Market is Heading to? - Mr. Troy Griffiths, Deputy Managing Director, Savills Vietnam
  • 14:25 – 14:40 (15’)  Presentation: “Performance of Banking and Real Estates Companies: Earnings Consensus for 2018

Mr. Nguyen Quang Thuan, CEO, StoxPlus

  • 14:55 – 15:30 (35’)  Tea break
  • 15:30 – 16:30 (60’)  Panel Discussion and Q&A

Main topics:

- Macroeconomics and key indicators driving the stock market
- Real estate market and its implications for money flows into Stock Market
- Banking sector performance and implications for banking and real estate stocks market


- Mr. Dao Phuc Tuong – Investment Manager, APS Asset Management
- Mr. Nguyen Tu Anh, Deputy Director General, Monetary Policy Department, SBV
- Mr. Troy Griffiths, Deputy Managing Director, Savills Vietnam
- Mr. Nguyen Quang Thuan, CEO, StoxPlus (Moderator)

  • 16:30 – 17:00 (30’) Q&A
  • 17:00 – 17:05 (5’) Concluding remarks and Closing
  • 17:05 – 18:00 (55’) Toasting and Cocktail Networking

Main Speaker

Mr. Dao Phuc Tuong, CFA

Investment Manager, APS Asset Management (Singapore)

Mr. Tuong has more than 20 years of experience in banking, consultancy management, investment. He recognized and research many accountant tactics in Vietnamese and regional companies. Currently, he is an Investment Manager at APS Asset Management managing US$ 3.1 bil. In Singapore. Mr. Tuong holds a Master of Finance degree from the University of New South Wales (Australia) and is a Singapore CFA Chartered Holder (CFA).

Mr. Troy Griffiths

Deputy Managing Director, Savills Vietnam

Mr. Troy has in-excess of 25 years property experience across all asset classes having previously practiced in Australia, New Zealand and the Pacific. He has a valuation background and specializes in Strategic Property Consultancy particularly favoring Development Advisory. He has advised most major developers in public and private practice in Australia, varying from Airport acquisitions and infrastructure development through to major long term urban renewal programs Troy has held Director level positions at several of Australia’s leading property firms, both independent and agency based. He has been an active member as a lecturer, mentor and committee member for many industry representative groups and institutions, including the Australian Property Institute, Property Council of Australia and the Urban Development Institute. Troy is responsible for all Advisory Services throughout Vietnam and the region including Research, Valuation and Consulting. He has advised most major local and foreign investors in the Region property market.

Mr. Nguyen Tu Anh

Deputy Director General, Monetary Policy Department, State Bank of Vietnam (SBV)

Mr. Nguyen Tu Anh is Deputy Director General of Monetary Policy Department, State Bank of Vietnam. He was a senior researcher at Central Institute for Economic Management (Hanoi, Vietnam), and Director of Department Macroeconomic Policy. Dr. Tu Anh obtained his PhD in Economics from Paris School of Economics (Paris 1 University, France), M.A. in Economic Theory and Econometrics from Midi-Pyrénée School of Economics, Université Toulouse 1 (Toulouse, France), M.A. of Development Economics from Institute of Social Studies (The Hague, the Netherlands) & National Economics University (Hanoi, Vietnam). Mr. Tu Anh is in-charge of economic researches for building and coordinating monetary policy in the State Bank of Vietnam and with other agencies. Academically, Mr. Tu Anh has published extensively in local and international academic journals including Journal of Economic Theory, Journal of Mathematical of Population Studies. He has been serving as a leader and/or key member of various Vietnamese government’s consultancy & research projects on monetary and macro-economic policies, including master plan for restructuring the economy in period 2013-2020.

Mr. Nguyen Quang Thuan

Chairman & CEO of StoxPlus

Mr. Thuan is Chairman and CEO of StoxPlus. He is a specialist in the fields of financial advisory services, financial due diligence, corporate valuation and investment management. He has been devoting his life to the creation of innovative financial data and analytics platforms and services for Vietnam market since 2009. Before founding StoxPlus, he was an investment analyst at Vietnam Holding Asset Management with AUM of US$150mn from 2007-2008. Previously, he worked as a manager at Assurance Services and then Transaction Services of PwC (Sydney and Vietnam) from 1998-2008. Mr. Thuan holds a Master of Banking and Finance degree from the University of New South Wales (Australia) and is a UK Fellow Chartered Certified Accountant (FCCA).

Key participants

There will be approximately 150 participants from local and foreign investment firms, banks and financial institutions operating in Vietnam attending this Event.

  • Institutional investors including local and foreign fund managers
  • Lead equity analysts especially banking analysts
  • Banking executives

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