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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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.00 | 0.55% | 367.00 | 364.00 | 370.00 | 367.00 | 365.00 | 366.00 | 17,068 | 10:27:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMVNH TIDMVNHW
RNS Number : 0363U
VietNam Holding Limited
12 January 2017
VietNam Holding Limited ("VNH" or the "Company")
Monthly Investor Report
A report detailing the activities of the Company for the month of December 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
The Vietnam All Share Index declined 1.6% in December to 623.2, thus making the stock market's 2016 full calendar year performance +7.5% in local currency terms and +6.2% in US dollar terms. Amid this somewhat tepid year for the market, VNH continued its multiyear string of annual market outperformances, rising 19.1% in the year to an NAV per share of USD 2.650. For December alone, the fund was down 1.5%.
It was a year, broadly speaking, of two parts, with market performance through September being very positive: the year's VNAS index peak of 674 occurred in late September, marking at that time a year-to-date rise of over 16%. But things were tougher towards the year end, with the hitherto solid dong cracking under the weight of a rising US dollar.
Of course, 2016 was a year of dramatic global political events that few predicted, and therefore the outlook as we look forward to 2017 and 2018 is more uncertain than usual.
What we can say, however, is that Vietnamese policy makers, for the most part, control their own fate. Firstly, although Vietnam is a very open economy, with exports plus imports equalling some 175% of GDP, most of Vietnam's exports are likely to see solid progress based on global market share growth amid long term structural advantages for the country.
Secondly, Vietnam - compared to most major southeast Asian economies - remains a place with only a partially opened capital account, so this stands it in good stead in what could be a fairly turbulent year for global capital flows.
Thirdly and finally, Vietnamese policy makers have the power to effect very noticeable improvement in government finances and the overall business environment. There are still some 700+ state-owned enterprises in Vietnam, with a historically-accounted total asset value of some USD 220bn. Privatisation is accelerating.
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 0000 Joe Winkley / Neil Langford Buchanan Communications Tel: +44 20 7466 Financial Public Relations 5000 Charles Ryland / Vicky Hayns
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
January 12, 2017 07:46 ET (12:46 GMT)
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