Profits of listed companies in Việt Nam experienced robust growth in the fourth quarter (Q4) of 2024, marking the fifth consecutive quarter of growth. As of February 7, 1,072 listed companies on the stock exchanges have disclosed their Q4 2024 business results. Reports from VNDirect Securities Corporation showed that the combined net profits of these companies increased by 27.8 per cent year-on-year and by 13.4 per cent from the previous quarter. |
Pity HFEL cant upsticks to the ME. |
VND is down 6%+ versus £ in 5 years. |
What is the Vietnamese currency doing?
I have started looking at this share , prospects for yield , I will need to do more research.
But I heard Bloomberg discussing they thought EM would get hit hardest by future Trump
tariffs... |
Yes, true, Vietnam is now the best performing economy I can find in Asia (Q4 GDP 7.6% and higher expected) but with a lagging stockmarket, on a forward P/E of only 10.2 versus a historic average of just over 15. The stockmarket is flat over 3 years but +25% over 2 years, from just after its mini bond crisis low, despite large amounts of ongoing foreign selling, which includes HFEL, which seems to have possibly created an interesting buying opportunity for the brave. What happens when foreigners stop selling, or even start buying again, if it's already been rising a bit despite the selling? I feel HFEL's new investment approach might have made a mistake reducing Vietnam. Time will tell.
It's a bit of an eye opener how rapidly some parts of the world are growing now while all we get in the UK and EU is doom and gloom and financial strains and mishaps. How do we get aboard this train? |
The economy maybe fine but the Vietnam stockmarket has gone nowhere over the last 3 years... regrettably |
I keep wondering why HFEL reduced its holding in Vietnam when it has become the best performing economy in Asia since. Despite expected US tariffs, the Vietnamese government still targets growth at 8%+ in 2025 and 10%+ in 2026. |
Asian markets looking perky this week. Any follow on from today's western rises should see HFEL post a decent weekend NAV.
Asian prospects seem to be improving, according to packaging demand, which is normally a good economic bellwether.
We estimate that Asian demand for containerboard rose 2.2% in 2024, a bit slower than the 3.3% pace in 2023. Economic sluggishness in China due to headwinds from the struggling property market and cautious consumers drove the slower growth. We project growth of 3.9% in 2025 and 4.3% in 2026, assuming an improving economic picture that will support trade, consumption and packaging use. |
2025 growth forecast only reduced 0.1% for tariff disruptions
Indonesia's economy expanded 5.02% yoy in Q4 of 2024, surpassing market estimates of 4.98% and quickening from the slowest rise in a year of 4.95% in Q3...
... For the full year, the economy grew by 5.03%, missing the official target of 5.2% and marking the lowest reading in three years. For 2025, the GDP growth target remains at 5.2%. However, the central bank recently cut its growth forecast for this year to 4.7%-5.5% from 4.8%-5.6%, citing US tariff disruptions. |
XD 6.20p today. |
I would have said so |
Fairly poor pre ex div lift |
Fairly poor pre ex div lift |
Fairly poor pre ex div lift |
HFEL seems to do a (routinely!) good job of tapping the market, ahead of going XD, and while their share price is relatively strong (such as now). Where this goes next may be another matter? |
Japan beats forecasts with a record single month of exports
Exports from Japan rose by 2.8% yoy to a new peak of JPY 9,910.60 billion in December 2024, exceeding market forecasts of 2.3% and pointing to the third straight month of growth...
... Exports grew to Hong Kong (14.2%), Taiwan (17.2%), South Korea (10.9%), India (5.5%), Germany (5.8%), Russia (10.3%), and the EU (0.5%). Sales to the ASEAN countries increased by 7.6%, notably Singapore (27.6%) and Thailand (2.7%). Conversely, sales fell to China (-3.0%), the US (-2.1%), and Australia (-11.9%).
JP225 index has now more than quadrupled in a 13-year bull market. |
lets hope our own communist government is taking note |
The China Securities Regulatory Commission (CSRC) on Thursday ramped up support for the nation's struggling equity markets, announcing measures to funnel capital and expecting to see insurers channel at least CNY 100 billion in long-term funds into stocks during H1 of 2025. CSRC head Wu Qing said state-owned and commercial insurers will be encouraged to allocate 30% of their annual new premiums to A-shares. Mutual funds will also be urged to add the tradable market value of their A-share holdings by at least 10% annually over the next three years. The strategy includes measures to guide mutual funds to expand equity under their management, reduce fund sales fees, and promote exchange-traded fund products. On Wednesday, China launched initiatives to boost the amount pension can invest in Chinese listed companies. |
Channels are starting to look very interesting. They suggest excitement before Spring finishes - but will it be up or down? Asia looking stronger month by month but our end getting into such a mess that it's tempting to duck one's head down behind the trench to avoid passing black swans.
free stock charts from uk.advfn.com |
The annual inflation rate in Malaysia stood at 1.7% in December 2024, slightly below market consensus and November's print of 1.8%. This was the lowest reading since January,
CPI 133.1 in July and 133.4 in November so hardly budged at all in recent months, suggesting no more rate rises and possibly opening the door a single cut next year. GDP was 3.7% in 2023 and 4.0% in 2024. Forecasts for 2025 congregate around 4.5-5.0% but the slightly undershooting inflation might improve optimism. |
@davebowler - Despite its undeniable outperformance of HFEL, AAIF is managed by abrdn which isn't a +ve imo |
Trumps tariffs could be a looming disruptor |
It’s actually a slight increase on this quarter last year. On track for full year dividend of 24.80 pence. |
Quarterly dividend maintained at 6.2p, pay date 28th Feb. |
Happily holding both. Diversification is always good. |
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