Vietnam Enterprise Inves... Share Discussion Threads

[amt] 18/4/2024 08:16

I am afraid I have sold out this morning. I hadn't realised the level of corruption and their attempts to fight it are having catastrophic consequences with a financial crisis coming out of nowhere.
Very disappointed since I always thought the risk was low here but infact it seems its very high risk.
I will see how things pan out in the next couple of years and might reenter at some stage. If they can conquer corruption that will be great longterm but the short term looks problematic to say the least.

[amt] 16/4/2024 05:49

The sudden fall yesterday seems to have been caused by panic selling after false reports about various companies appeared on social media. Seems like manipulation.
The macro economic situation is excellent and profits of companies growing fast plus upgrade of stock market to emerging market status likely later next year. A cut in US interest rates would help but that time keeps receding.

[amt] 15/4/2024 10:22

4.7% fall.

Tim Cooke visiting today, perhaps he should have stayed at home.

[aleman] 15/4/2024 09:20

It was only a modest drop until an hour ago. I suspect it might be linked to this breaking news, which is quite big in an economy where gold is a major form of saving and a shortage of bars has seen the local price 30% or so above global prices. It could have been a trigger for some short-term profit-taking after a few decent months of gains. If so, I think it is likely to be a temporary blip as far as stockmarkets are concerned.

[amt] 15/4/2024 08:55

Why such a huge drop in the stockmarket today ?

[amt] 12/4/2024 07:57

Market getting some positive momentum going

[amt] 19/2/2024 07:42

The market is building strong momentum

[amt] 04/1/2024 07:21

Good start to New Year and 20% discount too good an opportunity to miss out on so I topped up.

[arja] 11/10/2023 14:54

odd that VEIL down 6 today but VOF up 8 ! must be a move to make the discounts to NAV more in line :)

[31337 c0d3r] 10/9/2023 11:27

Vietnam to upgrade US relationship to level with China

Biden set to sign strategic partnership on Hanoi visit to counter Beijing’s assertiveness in region.



(If the link wants you to subscribe or login, open it in an Incognito window)

[dickiehh] 08/9/2023 10:38

Veil looks very good value to me atm. Vietnam one of the few countries where stock market doing well. Veil is on a discount of nearly 20 percent (620/764 NAV)

[arja] 07/9/2023 13:09

picked VOF for today's day or overnight trade but should have licked VEIL as it has done well today and seems that it varies between these 2 trusts at times . VNH is a MM stock and I avoid

[aleman] 01/8/2023 08:52

£ v $ , £ v Dong


free stock charts from uk.advfn.com

[arja] 01/8/2023 08:18

aleman and hpcg- most helpful comments appreciated and I notice VOF moved higher during the day and I wish I had bought at 464 level ( wry smile ) . Certainly the Vietnem indices up a bit today and chart shows a lovely uptrend and probably more to come . must check as to how the vietnamese currency is against sterling as that is very relevant .

[hpcg] 31/7/2023 11:33

arja - VOF, which I also hold, has PE/VC investments, so a) the NAV is less reliable, b) some investors don't like them. On the flip side they provide a lot of juice in good times. Ultimately the answer is always flows, and if an institution has decided to back Vietnam through VEIL then it will close the discount much faster. It is why I ultimately decided to choose both. Strategically I don't like a hedged option because over time the Dong will appreciate over sterling, even if over the short term, e.g. since October 2022, this can be a headwind.

[aleman] 31/7/2023 11:23

Have not followed them for long enough. I imagine all 3 will see discounts close if Vietnam continues to do well and it's just market noise. Like I said - fits and starts. My bet is the other two will close up discounts a bit as well.

[arja] 31/7/2023 11:16

good points Aleman but any idea why VEIL has massively outperformed VOF today and also VOF has a bigger discount to NAV ?

[aleman] 31/7/2023 11:08

free stock charts from uk.advfn.com

[arja] 31/7/2023 10:26

puzzling as no news announcement to account for the big move . VOF has hardly loved at all. Hope someone can enlighten us as I do not follow these Vietnamese trusts often but love the idea of NO stamp duty as a trader .

[brianarthur1939] 31/7/2023 10:12

Ullo, ullo! Wot's goin' on 'ere, then?

[hpcg] 15/7/2023 12:19

The Investor Meet presentation last week was informative. Indicators for the next half year are decent even if not totally favourable. The weaker dollar will help EMs. With China falling out of favour and flows into broad EM index based funds reversing as a result it would be nice if they could move Vietnam up from Frontier to Emerging to counter that. Getting the status upgrade will be a huge catalyst to all the Vietnam funds.

[dickbush] 13/7/2023 18:22

Astonishing performance today.