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Vietnamese state-owned firms need to get real

Those headed for IPOs should go for realistic valuations to cash in on the positive investor sentiment towards the stock market, expected to stay a strong performer.

Companies that are riding the tide of sectors with strong consumer demand such as construction and materials, banking, health care and consumer products are likely to attract much greater investor attention.

THE flop show of the initial public offering (IPO) of the state-owned Vietnam National Shipping Lines in September, and a couple of other lacklustre IPOs held recently, reveals a picture of overzealous state officials setting overambitious fund-raising targets, extremely high stock valuations,...

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