Vinacapital Vietnam Oppo... Investors - VOF

Vinacapital Vietnam Oppo... Investors - VOF

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Vinacapital Vietnam Opportunity Fund Ld VOF London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
6.00 1.2% 507.00 08:24:15
Open Price Low Price High Price Close Price Previous Close
509.00 507.00 509.00 501.00
more quote information »
Industry Sector

Top Investor Posts

kenmitch: Buying back shares will either reduce the discount temporarily or not at all. The reason the Vietnam Trusts continue to trade at a big discounts is continuing lack of awareness by so many UK investors big and small of the huge investment opportunity Vietnam is and has been for a good while. If that ever changes the 3 Vietnam Trusts will see their discounts reduce or even go to a premium. Meanwhile for those of us who have woken up, all 3 Vietnam Investment Trusts are great places to invest, with arguably right now VOF the best of the 3 because of recent underperformance compared with VEIL and VNH which is partly because of the number of private Companies held by VOF and the widening discount. VOF in particular looks a screaming buy imo.
dpmcq: For Information - As Chinese markets continues their collapse, driven initially by the heavy-handed treatment of technology stocks by the authorities and more recently by a collapse in overleveraged property stocks, investors seeking for better alternatives in Asia should look at Vietnam. VinaCapital Vietnam Opportunities Fund (VOF) is a good way to invest in the market. Previously regarded as a ‘frontier̵7; market, Vietnam has recently been upgraded to emerging status by MSCI as it treads the same well-worn path to prosperity as other Asian countries like Taiwan and South Korea. Thanks to the pace of technological change, the transformation of Vietnam from frontier to emerging and ultimately developed market is likely to be much quicker. Half of the population of 97 million people is under 35 years of age, and as this cohort joins the expanding middle class over the next five to 10 years the potential for economic growth is vast. The country has attracted strong direct investment from companies in China and around Asia as well as from the US and Europe. According to the World Bank the economy is expected to grow by 4.8% this year, although this is two percentage points lower than originally estimated as government measures to contain Covid have hit consumer spending. While vaccinations have been accelerated, Vietnam has the strictest lockdown measures in South East Asia with all nonessential businesses shut in the capital Ho Chi Min City. This pause in growth, and in the sharp rise of the Vietnamese market since March last year, is an opportunity for investors to get on board before the next leg up in 2022 when the economy is expected to resume its prepandemic growth rate of 7%. VinaCapital Vietnam Opportunities Fund mainly invests in companies which are geared to domestic growth and the rise of the middle class, for example property companies and consumer goods producers. As well as quoted stocks, the fund is plugged into unlisted companies and private equity opportunities. It has benefited from the move from private to public in various holdings, creating substantial gains. Shareholders are also getting dividends, with a 2.1% historic yield. Despite generating more than double the returns of the MSCI index over the last five years, the shares are trading at a discount of more than 20% to their net asset value, which is more a reflection of investor nervousness towards Asia and emerging markets in general rather than a judgement on Vietnam or the fund. The ongoing charge is 1.72%, higher than most global funds and reflecting its specialist skills in finding opportunities in the country.
shaker44: I agree with all of the above. We are schooled in the belief that communism is bad but it ain't necessarily so. So called democracies, such as thailand, are actually military dictatorships with rigged constitutions to keep incumbents in power. I regard Vietnam as a sweet spot for investors, with a clear sighted government which drives its agenda forward, attracting foreign investment, and companies. Even allowing for current covid issues, economic growth is expected to be higher than that achieved by most other nations
hpcg: Companies are long duration assets and we've seen in developed markets that deep pocketed investors have looked through C19. On a macro level it looks like Vietnam is coping pretty well all things considered. NAV and share price are telling us that for now at least investors remain committed.
shaker44: Dpmcq: I doubt that is news to anyone on the planet but I am sure you were trying to be helpful. So, thank you. Essential investor (what a misnomer) filtered long since, happily.
shaker44: All this stuff can be read by just googling vn news if you are really interested . VN govt will get on top of this. They are very serious and expert in their approach and the vn index reaction is your best indicator of fear factors for investors.
dickbush: I'm a forever holder but I've traded against my basic holding a couple of times since my initial purchase. The numbers are, I agree, very low for a population of almost 100 million. The short term worry is that they appear to be doubling every six days and, even now, investors are very profitable...except for the Johnny-come-latelies...and I have no clue about local investors' psychology. I do know many new local accounts have been opened in recent months as the market rose, the market is down 9% from its high, back to where it was 8 weeks ago.
shaker44: International investors taking money off the table in smaller VN companies after this strong run. See what happens tomorrow before buying more-not necessarily VOF though!
kenmitch: Andyj I’m certainly not a ramper. For a while I respected your opinions, and suggested you questioned VOF Managers about them. Why didn’t you? Unfortunately your recent posts make you look foolish. There is a plus and minus case for every share and every Investment Trust. You only seem interested in what you see as the big minus case. Competent investors take a balanced view. A reason why I suggested you take your points up with the Managers was so that you could find out what they thought. And since their views on Vietnam contrast so strongly with yours they might either help reassure you or not. The fact that you did not take up the suggestion implies that you think you are far better informed than the Managers of 3 Vietnam Investment Trusts! OR more likely not you’re not a competent enough an investor to cope. If you think you are better informed than Investment Trust Managers you are either very clever or very stupid. I’ll refrain from saying which one I think is right, but your posts here give a strong hint! btw...for more sensible readers of this thread; for a long time Vietnam was little followed or understood by UK investors and their market was extraordinarily cheap. That no longer applies as more foreign investors cottoned on, but that doesn’t mean while this worldwide bull market continues that there can’t be further significant progress for Vietnam economy and share prices.
kenmitch: Buybacks INCREASE NAV. Buybacks themselves don't increase or decrease the discount. The discount will widen or narrow on investor selling or buying. Investment Trust Managers hope that the discount will narrow when spending significant sums buying back. A lot of investors like buybacks so the fact that a Trust is buying back can tempt some to buy the shares. But as explained in the previous post I much prefer that money to be used to buy good value investments. Do that consistently as VOF have and the share price will go up a lot. A LOT has to be spent on buybacks to get just a very small increase in NAV as a result of them. I much prefer buying a Trust at a big discount to one at a premium. Why pay more than it is worth? It's the same when shopping; we look for bargains and not for goods that we know are over valued!
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211203 08:39:26