SSI Securities stock: Research sees a possible November market bottom

Published on 11/11/2026 at 02:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSI Securities stock faces a cautious backdrop as research sees a possible November bottom. Sustainable cash flow remains the key test.

What SSI Research sees next

SSI Research sees a possible short-term market bottom in November after corrections in September and October.
Public investment is identified as a key fourth-quarter growth driver, with spending effects potentially extending into early 2027.
The firm recommends selective accumulation during market corrections and cautions that a bottom would not automatically signal a new uptrend.

SSI Securities, VN000000SSI1, Illustration mit AI erstellt.

SSI Securities Corporation offered a more constructive view on Vietnam's equity market on Monday, November 9, 2026, saying November could mark the formation of a short-term bottom after market declines in September and October. Vietnam News reported that SSI Research also expects investors to watch whether cash flows improve on a sustained basis.

Valuations offer conditional support

SSI Research said valuations had become more attractive after the prolonged correction. The analysis placed the VN-Index at an estimated 2026 price-to-earnings ratio of 11.7 times, or about nine times excluding Vingroup stocks, while projected 2027 multiples stood at 10.7 times and 8.1 times respectively.

The firm said these valuations indicate that markets have already reflected part of the expected slowdown in earnings growth. It nevertheless cautioned that historical market patterns do not guarantee a repeat and that a potential November bottom would not necessarily mark the start of a new uptrend.

Public investment is the next catalyst

SSI identified public investment as the main fourth-quarter growth driver. Around VND 350 trillion in public investment capital was still awaiting disbursement, with the deadline extending to the end of January 2027. SSI said the resulting economic effects could therefore continue into the first quarter of next year.

The firm also pointed to lower deposit rates and a stronger Vietnamese dong as potential support for market sentiment. Its preferred companies are those with solid fourth-quarter 2026 and 2027 earnings prospects, exposure to public investment and limited reliance on a low-interest-rate environment.