Teacher Paul Ng forecasts the Giáp Thìn market in 2024 (Part 2)

Focusing on the elements of Earth, Fire, and Wood will lead investors to favorable profits in 2024. We must also steer clear of the elements of Water and Metal.

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Kim and the Metal Industries

The Metal Industries are predicted to have a tough year. The steel industry continues to face difficulties due to significant fluctuations in prices and unstable demand.

In addition, the automobile manufacturing sector will also have to face many challenges in the context of a significant decline in consumer discretionary spending.

The Metal Industries

Wood and the Wood Industries

The Wood Industries are predicted to have a favorable year. The Consumer Staples sector will thrive and improve business results.

Furthermore, agriculture and retail are expected to perform better than in 2023.

The Wood Industries

Water and the Water Industries

The Water Industries fall into the 2nd group of unfavorable industries in the year of Giap Thin 2024. Beverages (beer, wine, soft drinks) will continue to face difficulties due to unfavorable factors such as policies and changing consumer habits.

Aquaculture is also mentioned in the list of industries with negative prospects in 2024.

The Water Industries

Fire and the Fire Industries

The Fire Industries are expected to have a successful year. The telecommunication/internet and information technology sectors will continue to thrive.

Electricity stocks will continue to perform well with increasing demand and the need for energy security.

The Fire Industries

Earth and the Earth Industries

The Earth Industries will be a priority in the investment portfolio this year. The real estate sector is expected to become less challenging.

Public investment policies will continue to be a driving force for the construction materials industry (sand, stone, cement, etc.).

The Earth Industries

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