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VOF Vinacapital Vietnam Opportunity Fund Ld

487.00
7.50 (1.56%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Vinacapital Vietnam Oppo... Investors - VOF

Vinacapital Vietnam Oppo... Investors - VOF

Share Name Share Symbol Market Stock Type
Vinacapital Vietnam Opportunity Fund Ld VOF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
7.50 1.56% 487.00 16:35:05
Open Price Low Price High Price Close Price Previous Close
479.50 479.50 486.00 487.00 479.50
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 17/7/2024 16:43 by steve73
Big news story in Thailand today is the apparent murder-suicide of a group of 6 Vietnamese investors in a Bangkok hotel. Seems they were "playing" the VN markets and got into serious debts.

BBC has some info...

Not sure if this could be causing some of the weakness we are seeing here..?
Posted at 17/7/2024 11:22 by amt
Donald why can't you debate without getting personal.
My view is Vietnam is a very high risk market. A year ago I didn't think that. A lot of mishaps and instability recently has made me reach this conclusion and this helps to explain the relatively poor performance of the market and continuous selling by foreign investors in recent times.
Posted at 17/7/2024 08:01 by amt
Difficult to know what's going on in Vietnam but it seems really odd that Western companies would want to invest in such an unstable environment. I think the political instability, highlighted by the sickening building of relationships with Putin is why the stock market is going nowhere and foreign investors continue to sell.
Posted at 12/7/2024 07:41 by aleman
Foreigners still selling large caps - but they have started buying midcaps/HNX.



Moreover, the regulation requiring foreign institutional investors to deposit 100% of funds before making stock purchases may be lifted in the third quarter of this year.
Posted at 01/7/2024 11:48 by aleman
From May's report (which seems late, presumably due to the sad death of Andy Ho from a stroke.) :

Nevertheless, Vietnam’s stock market remains attractively valued for investors confident in its long-term growth potential. Current market valuations are appealing, with the forward P/E ratio of 11.5x for 2024, which is about 20% lower than regional peers and one-standard deviation below the market’s historical average. Based on our in-house Research team’s analysis, the market’s earnings growth for 2024 and 2025 is expected to rebound from an earnings contraction in 2023 to 15-20% average growth annually for the next two years. Given the market’s attractive valuation and strong earnings growth outlook, it is trading at a PEG (price/earnings-to-growth) ratio of less than 1x, which indicates the market’s attractive value.
Posted at 29/6/2024 20:04 by shaker45
Baillie Gifford visited Vietnam and wrote a long and glowing report on why they rate Vietnam as the country of choice for investors in s e Asia. It's well worth reading and encourages me to add to my already substantial investments there-which have proved to be very profitable.
Posted at 28/6/2024 11:47 by amt
Another big fall in the market today.
All is not as it seems on the surface.
Maybe Putins visit reminded us that Vietnam is governed by a ruthless Dictatorship who have no qualms about cosying up to the likes of Putin.
Foreign investors selling for 17 days in a row.
Fortunately I only have a relatively small investment here.
Posted at 31/5/2024 10:04 by aleman
More signs property is going from bust to boom again (as planning restrictions ease).



The Hanoi index (more small and midcaps) squeaked to a new 9-month high yesterday and the Unlisted index (a bit like AIM?) also edged to a new 2-year high. They don't seem to affect VOF NAV much but will encourage a positive outlook amongst Vietnamese stock investors, while being another sign that the domestic economy is improving. Volumes of shares traded across all indices look to be on the rise and are not so far off from the highs of late 2021 again. Also, attempts to calm the frothy local gold market possible seem to be starting to see a little success which might encourage investors back out of gold into other assets like shares and property.
Posted at 11/4/2024 08:18 by aleman
VINACAPITAL VIETNAM OPPORTUNITY FUND LIMITED is pleased to announce that Andy Ho and Khanh Vu will provide a live presentation relating to the Investor Presentation via Investor Meet Company on 17 Apr 2024, 11:00 BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 16 Apr 2024, 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet VinaCapital Vietnam Opportunity Fund Limited via:

hxxps://www.investormeetcompany.com/vinacapital-vietnam-opportunity-fund-ltd/register-investor

Investors who already follow VinaCapital Vietnam Opportunity Fund Limited on the Investor Meet Company platform will automatically be invited.
Posted at 19/2/2024 12:24 by kenmitch
VOF has been a fabulous investment. I’ve held it almost from the start except for temporarily selling during the 2008 banking crisis and the 2020 covid crash. Have a look at the long term chart. It has 9 bagged from the lows.

The recent underperformance looks a great buy opportunity as VOF has way underperformed VNH and VEIL this year for no obvious reason.

I posted why VOF looks a very tempting buy now on subscription site Stockopedia and to save time have copied part of it below. There is one error in it which a poster there pointed out. The discount has been even bigger than the current 24% in the distant past, when the attractions of investing in Vietnam were even less recognised by UK investors. When eventually UK investors DO wake up to the Vietnam opportunity (perhaps not until Vietnam gets official Emerging Markets status) it’s likely that VNH, VOF and VEIL will do very well and the present discounts could well go to premiums to put an additional rocket under their share prices. BUT right now it’s VOF that looks the one to go for. Here’s that extract arguing why:-

“Why is VinaCapital Vietnam Opportunity Fund (LON:VOF) THE stunning buy now?

1. The main Vietnam index is up 11% so far this year. VinaCapital Vietnam Opportunity Fund (LON:VOF) NAV is also UP 29p since January 2nd from £5.55 then to £5.84p today.

BUT despite that NAV gain the share price is DOWN from £4.55 on Jan 2nd to £4.42. AND the discount to NAV is now exceptionally wide at 24%!!

So the share price fall this year is NOT because of poor performance. It’s mainly because the discount to NAV has widened even further.

I can’t recall in years of holding VinaCapital Vietnam Opportunity Fund (LON:VOF) the discount to NAV being SO high! If VOF was an open ended fund investors would have to pay the full £5.84 NAV price. Instead they (you?) can buy it at a bargain discount price of “25% off” £4.42p.

2. In contrast the other 2 Vietnam Trust share prices have done much better this year and unlike VinaCapital Vietnam Opportunity Fund (LON:VOF) have gone UP since Jan 2nd.

Vietnam Enterprise Investments (LON:VEIL) £5.87 now and up from £5.55 on Jan 2nd. NAV is up from £6.80 on Jan 2nd to £7.21 now. The discount is 18%.

VietNam Holding (LON:VNH) £3.75p and well up from Jan 2nd £3.25p. NAV is £3.81p. The discount is now just 3% (much lower than normal) AND unlike the other 2 VNH looks fully valued for now. The share price gain since Jan 2nd is partly because the discount has narrowed so much. That’s is SHARP contrast to VinaCapital Vietnam Opportunity Fund (LON:VOF) where the share price fall is because the discount has widened to extreme levels.

Hence VinaCapital Vietnam Opportunity Fund (LON:VOF) looking such a tempting buy now.

Finally; it might not be too much longer before Vietnam becomes officially an Emerging Market. It’s presently categororised as a frontier market. That promotion if and when it comes could see Vietnam seeing much wider investment interest. AND the current discounts could go to premiums then.

I.e there’s also a strong longer term case for investing in emerging Vietnam where more and more big Companies (like APPLE) are moving production to Vietnam, and that’s often from CHINA and TAIWAN.

I hold both VinaCapital Vietnam Opportunity Fund (LON:VOF) and VietNam Holding (LON:VNH).”

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