Vinacapital Vietnam Oppo... Share Discussion Threads

[walter walcarpets] 08/1/2018 12:55

Prob remain at a discount to NAV but lets hope it closes to nearer 10% in time.

[elpirata] 08/1/2018 12:04

NAV £4.21 still plenty of upside

[zcaprd7] 05/1/2018 15:18

Ah, you beat me to it... Moneyweek have really come round to Vietnam over the last few weeks.

[killing_time] 05/1/2018 13:29

Nice 2 page write up in Money Week today on Vietnam. Its basically a 2 page write up on VOF. :-)

VOF is also tipped on there round table review with Vietnam as one of there favourite markets for the year ahead.

Without copying the article they are saying that the reason VOF has 9% in cash is because of all the new issues coming to the market which they want to participate in.

[corguv] 03/1/2018 12:24

Partly recent announcement by VOF of a twice yearly dividend payment to try to close the gap between the net asset value and the discounted share price ? The share price is still around 19% below VOF’s Vietnam holdings and this might narrow ?

Also down to rising stock values in Vietnam stock exchanges with both good company results and good economic news. and rising GDP growth.

Strong foreign investment in Vietnam now.

Then there is the Asia background which is also on an uptrend.

[zcaprd7] 03/1/2018 11:42

Seems to be re-rating, has it been tipped somewhere, or has Vietnam become flavour of the month for IIs?

[corguv] 03/1/2018 10:08

VOF was established in 2003 and now has total assets of £812million. The largest Investment Trust with a widespread and diverse spread across listed and unlisted companies spread across the Vietnamese economy.
VOF’s growth is accelerating 84.37% over 5 years 24.82% over 1 year 14.77% over 3 months and 5.8% in the last full week of trading (source HL).
Currently 348p to buy with a nett asset value of 409.5p well discounted and off most PI’s radar.
65% of the shares are held by Institutions such as HSBC and Credit Suisse.
VOF is Guernsey Registered and no stamp duty.

There is masses of information available on VOF. It is a rated Investment Trust.

[ewanwhose] 02/1/2018 20:45

It looks like there are 2 other Vietnam funds (VNI and VNL) managed by the same fund manager. One seems to have been wound up recently and the other has just paid out 30% of its assets as cash.While that doesn't necessarily reflect badly on VOF, I will want to do more research before investing.

[corguv] 02/1/2018 19:04

VIetnam is a rapidly growing frontier market and is off the radar for many investors, it will soon achieve emerging market status and is expected to sign a free trade agreement with Europe in coming months, both events should rerate investors’ interest. GDP growth is now running at 7% and the economy is strengthening.
For me the recent arrival of a twice yearly dividend on VOF shares has changed VOF from a growth stock to a growth and dividend stock and over 2017 I more than doubled my VOF holding.
A special market and a special stock a bit lacking in recognition but not in growth.

[andyj] 30/12/2017 11:04

The only reason there's a discount is that it's based out here in Vietnam, far from the eyes of the City. The reality is, if they could see what I see living here, or put it another way they were geographically closer, they would be trading at a premium.

[zcaprd7] 29/12/2017 13:09

Surprised we have a discount to NAV at all the way things are going... Nice way to take part in all these IPOs.

[killing_time] 29/12/2017 11:01

XFVT,VNM.

Never used them so no view. KT.

[roman2325] 29/12/2017 10:33

Nice melt-up into year end although with the VN Index up almost 50% this year I was hoping for something higher. Does anyone know of any ETFs covering Vietnam?

[zcaprd7] 28/12/2017 10:06

Banking ipo...

[corguv] 18/12/2017 09:37

Agree entirely with that andj. Been in for some time and add on any dips in VOF. The Vietnamese economy is strong and last quarter GDP accelerated. The population is hardworking with a desire to get on and be successful with a large proportion of enthusiastic younger people.
Spent some months in Vietnam and was so impressed by the entrepreneurial spirit.

[walter walcarpets] 06/12/2017 18:21

andyj: Thanks for sharing. Nice to have boots on the ground to verify a vibrant economy.

[andyj] 06/12/2017 16:04

As a long term resident of Vietnam, I rate these and VEIL the best buys on the market. Vietnam is only just beginning to take off. Vietnam has a young, educated and hard working population. It is a safe and vibrant place to live and the pace of change is incredible. As an example, ten years ago the city centre, D1, would be deserted except for a few ex pats on weekend nights. Now it is full of hundreds of bars and restaurants that are absolutely packed. And the list grows every week. An excellent buy, I keep waiting for a correction to buy in, but there's no sign of that!

[zcaprd7] 30/11/2017 10:09

New high...

[killing_time] 25/11/2017 14:29

Just to carry on from what zcaprd7 is saying is that Jardine Matheson are taking a 10% stake in dairy giant Vinamilk, which makes up just over 12% of our holdings.

[zcaprd7] 24/11/2017 19:51

Oh, and they talk about milk, which affects VOFs biggest holding, see the latest vof update...

[zcaprd7] 24/11/2017 16:01

More good news in money week:Vietnam Market re-rated...VN index has jumped 10% this month and is now at a record high. Foreign investors have become so excited by the market that they are willing to pay a premium.

[killing_time] 21/11/2017 18:47

Yep, been here about a year and a half.

[traderabc] 21/11/2017 18:11

Here it is, you holding this KT?

ypes

[killing_time] 10/11/2017 12:52

Just read that article in Money Week, looks positive for Vietnam going forward.

My own view is the same as D Stevenson's in that there will be a real positive movement in Vietnam when it changes from Frontier to Emerging market status and this will open the floodgates to billions in foreign investment capital. KT.

[killing_time] 10/11/2017 12:44

A nice little read from David Stevenson, who also writes for Money Week.

hxxp://www.adventurousinvestor.com/343-vof-vietnam-core-investment-for-all-adventurous-types