VietNam Holding Limited Estimated Daily Net Asset Value (4635E)

TIDMVNH TIDMTTM

RNS Number : 4635E

VietNam Holding Limited

09 February 2018

For immediate release

VietNam Holding Limited ("VNH" or the "Company")

Estimated Daily Net Asset Value (NAV)

The Company announces that, at its close of business on 9 Feb 2018 its Estimated NAV was USD 222.3 million or USD 3.205 per share.

Change in position as at 9 Feb 2018

 
                           NAV per share growth   VNAS (USD) growth 
------------------------  ---------------------  ------------------ 
 Daily                            -0.90%               -1.53% 
------------------------  ---------------------  ------------------ 
 Calendar month-to-date           -6.40%               -8.84% 
------------------------  ---------------------  ------------------ 
 Calendar year-to-date            2.66%                 0.46% 
------------------------  ---------------------  ------------------ 
 5 year CAGR                      16.76%               11.67% 
------------------------  ---------------------  ------------------ 
 

Daily performance is calculated by reference to the previous day NAV/share and VNAS (Vietnam All Share Index). As of 1 February 2018, the Estimated Daily NAV includes an accrual for an incentive fee potentially payable to the Manager at 30 June 2018. The accrual is adjusted on a weekly basis. Additionally, today's Calendar month-to-date comparison takes the figures for 31 Jan 2017 as they were calculated by the Company's administrator, Standard Chartered Bank. This figure differs from the 31 Jan 2017 amount, which has been used so far, in that it includes the accrual for the incentive fee, whereas the previously used 31 Jan 2017 figure did not. Year-to-date performance is calculated by reference to NAV/share and VNAS at previous calendar year end (29 Dec 2017). 5 year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 9 Feb 2013. VNAS is sourced from Bloomberg, which uses back-tested positions for VNAS for before 27 Jan 2014 as released by HoSE (Ho Chi Minh City Stock Exchange).

More information on the Company is available at www.vietnamholding.com

Jay Vontobel

[e-mail]

Tel.: [phone]

VietNam Holding Asset Management Limited

The Estimated Daily NAV stated in this announcement is based on estimated valuations and accordingly the Company accepts no responsibility for the accuracy of the Estimated Daily NAV figure given, and neither is any responsibility implied. The actual month end NAV in any month may vary from the Estimated Daily NAV provided in the relevant month. Accordingly, no reliance should be placed on the Estimated Daily NAV and it has been provided for indicative purposes only.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 09, 2018 06:23 ET (11:23 GMT)