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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vietnam Holding Limited | LSE:VNH | London | Ordinary Share | GG00BJQZ9H10 | ORD USD1 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -10.00 | -2.69% | 362.00 | 358.00 | 366.00 | 374.00 | 362.00 | 374.00 | 51,925 | 13:34:56 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMVNH TIDMVNHW
RNS Number : 3996M
VietNam Holding Limited
12 October 2016
VietNam Holding Limited ("VNH" or the "Company")
Monthly Investor Report
A report detailing the activities of the Company for the month of September 2016 has been issued by VietNam Holding Asset Management Limited, the investment manager of the Company. Electronic copies of the report have been made available to shareholders on the Company's website at http://www.vietnamholding.com/publications/investor-reports and a summary of the report is included below.
Investor Report Summary
Vietnam News
Privatisation pace is on the up, with a few leading businesses in the nation the subject of welcome developments. 9% of the state's c. 45% stake in Vinamilk is apparently set to be sold before Christmas. Leading brewer Sabeco is also likely to be listed in the coming few months, followed by a majority of it being sold by year-end 2017. Meanwhile, tech sector bellwether FPT is the subject of discussion, with the government's c. 6% stake likely to be sold, and possible other helpful M&A surrounding that company mooted.
We don't doubt that these and other similar developments could still take longer than advertised, but there is nevertheless a perceptible step-up in proceedings. Perhaps an irony of modestly-paced delivery on these stories is their capacity to stay in the news for longer, providing a helpful sustained backdrop to equity market sentiment.
VNH Insights
The nearly five-year-old Vietnamese bull market showed no signs of abating in September, with another 1.2% gain for the Vietnam All Share Index to 671.5. VNH's NAV per share rose 3.8% last month, putting its nine month performance at +31.4%.
It is remarkable that August's and September's good market performance has occurred in the midst of unusually high and sustained foreign investor net selling, USD 79m in August and USD 126m in September. Also, concern has recently refocused on China's large internal indebtedness. Investors in Vietnam are increasingly drawing distinctions between these two nations, rather than tarring them with the same brush - a welcome and rational development.
For more information please contact:
VietNam Holding Asset Management Tel: +41 43 500 Limited 28 10 Investor Relations Gyentsen Zatul investorrelations@vnham.com www.vietnamholding.com Smith & Williamson Corporate Tel: +44 20 7131 Finance Limited Nominated 4000 Adviser Azhic Basirov / Ben Jeynes Winterflood Investment Trusts Tel: +44 20 3100 Broker 0301 Joe Winkley / Neil Langford Buchanan Communications Tel: +44 20 7466 Financial Public Relations 5000 Charles Ryland / Vicky Watkins
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
October 12, 2016 13:01 ET (17:01 GMT)
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