MBS Research Chief Sees Selective Opportunities in Three Stock Sectors in 2027

On November 12, at a capital markets discussion during the Vietnam Investment Forum 2027, Trần Thị Khánh Hiền, head of research at MB Securities (MBS), assessed the 2027 outlook for bank, real estate and securities stocks. She said investment opportunities across all three sectors would vary by company, making asset quality, competitive advantages and growth potential important factors in stock selection.

Capital markets discussion at the Vietnam Investment Forum 2027.（VietVance）

Discussing bank stocks, Trần Thị Khánh Hiền said banks may have limited room to improve their net interest margins in 2027 as they control costs while supporting businesses. She placed greater emphasis on asset quality, particularly changes in newly arising loans requiring special attention and the level of loan loss provisions. Banks planning to sell stakes to foreign investors may also attract market interest.

Trần Thị Khánh Hiền, head of research at MB Securities.（VietVance）

For real estate stocks, she expected differences among companies to widen further in 2027. As investment focuses on urban rail and areas around transit-oriented development projects, companies with land holdings and the capacity to develop projects in those areas may have more opportunities. She said their shares could outperform the market.

She was relatively positive about valuations and growth potential in the securities sector. She said securities stocks currently trade at relatively low valuations by historical standards, and the sector could benefit from policies to expand the market and improve its quality. She stressed, however, that opportunities would be concentrated in securities firms with greater scale, stronger operating capabilities and market share, and the ability to maintain a higher return on equity.

Source: VietVance