VietNam Holding Limited Update research from QuotedData

RNS Number : 2169S

VietNam Holding Limited

13 June 2024

 

Vietnam Holding Limited - Update from QuotedData

12^th June 2024

Stellar performance with plenty of potential

Vietnam Holding (VNH) has provided strong absolute and relative returns during the last 12 months, expanding its record of outperformance of both peers and relevant benchmarks.

The introduction of a share redemption opportunity at net asset value (NAV) less associated costs (the first of which is on 30 September this year - see page 21) has significantly narrowed VNH's share price discount to NAV so that a 25.7% NAV return translated into a 48.2% share price return over the 12-month period ended 31 May 2024.

However, with strong growth drivers still in place (see page 5) and attractive valuations, there could be lots more to come. We think that as current headwinds abate and become supportive tailwinds, VNH could shift to trade at a premium to NAV and be in a position to issue stock, with the benefits of increased efficiency (this should put downward pressure on its ongoing charges ratio) and liquidity that would bring.Full Research:

https://quoteddata.com/research/vietnam-holding-limited-stellar-performance-with-plenty-of-potential-qd/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Vietnam Holding Limited, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

QUOTEDDATA
50 Gresham Street | London EC2V 7AY
Tel: [phone]

www.quoteddata.com | [e-mail] | www.martenandco.com

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

NRAFTMFTMTIBBMI