Vinacapital Vietnam Oppo... Share Discussion Threads

[aleman] 09/12/2024 10:10

National car sales in Vietnam are about 300k per year so building a plant that might make 600k electric vehicles (300k from next summer) is a very big deal.





VNI closed modestly up again on Monday so the discount here is likely to be at another new multi-year high.

[aleman] 06/12/2024 14:01

Found elsewhere - yesterday's closing NAV is 594p so discount is 26.9% @ 439p. And VNI closed up 0.2% today.

Prospective dividend yield off these numbers is 2.7%.

[aleman] 06/12/2024 10:55

No NAV reported yet today? VEIL's NAV rose 2.7% and VNH's rose 2.4% on th eback of Thursday's VNI 2.2% rise. The midcap HNI index also rose 2.2% and appeared to break through resistance in a chart that I can't post but is vaguely similar to the VEIL one posted yesterday.

VNH now trades at a 2.9% PREMIUM to Friday's closing NAV. (420.0p v 408.1p) :-o

[aleman] 05/12/2024 09:39

New high for VNH, trading at par with NAV, and VEIL breaking out, on 20% discount to NAV. Meanwhile, VOF discount to NAV could now possibly be as high as 28%?


free stock charts from uk.advfn.com

[aleman] 05/12/2024 09:24

VNI +2.2%. Midcaps +2.2%. Unlisteds (like AIM) +0.6%. Driven by strong foreign buying. £ given up most of its slight gain v Dong so a significant jump in NAV is likely. (I get this wrong a lot!)

[aleman] 05/12/2024 08:08

VNI is up over 2% with an hour to its close. Discount on yesterday's close is 26.4%. £ up only slightly versus VND so discount now likely to be comfortably up over 27%, though depends on individual investments. I don't get it right that often but discount is again likely to be highest for 8 years, outside of a short Covid spell.

[freedomexpress747] 29/11/2024 21:20

Not a holder, but watching patiently here...waiting to see what Trump 2.0 will do...

[aleman] 29/11/2024 15:06

VNI up 0.7% on Friday. It's done well this week. Smalls and midcaps have done better with this rise in the VNI. While they did not keep up back in August and September's bounce, they kept up better this week, making for a broader rise, although NAV rise here was tempered by a slight rise in £ v Dong. The other good news is that foreigners seem to be be back buying. Friday was the 6th consecutive day of net foreign buying. I don't think that has happened for a few years.

[31337 c0d3r] 29/11/2024 05:05

Throughout the day, 17 trades of less than 7 shares each. Why would people do that?

[aleman] 27/11/2024 11:58

The National Assembly's (NA) recent resolution on the socioeconomic development plan for 2025 set an objective for next year to be a year of acceleration and breakthrough to achieve the highest results of the five-year development plan between 2021 and 2025. The NA has set next year’s GDP growth target at 6.5-7 per cent, asking for efforts to achieve 7-7.5 per cent.

[aleman] 27/11/2024 11:13

An interesting RNS on 25th shows Gates Foundation increased large stake in VEIL.



Foreign investors were net buyers Of Vietnamese shares for a 4th consecutive day on Wednesday.

[aleman] 27/11/2024 09:10

For any newbies looking in, a tender offer was discussed and rejected last year after the biggest shareholder voiced discontent by voting to wind up. Since then VNH's tender offer has been so successful at shrinking the discount that it has traded recently at a premium. Since the VOF discount has continued to expand, maybe VOF will revisit this subject and possibly consider a partial tender?

[riskvsreward] 27/11/2024 08:38

Perhaps more micro than macro as Vof underperformed both veil and Vnh. Needs bigger buyback or tender offer.

[aleman] 27/11/2024 08:04

The recent weeks' foreign selling was reported as being down to Trump's election as per my next sentence you did not quote - not property and bond markets which have been improving this year as per numerous articles I've posted on this thread previously. Reports suggested it was not really anything wrong with Vietnam so much as repatriating funds to invest in US investments with improved outlooks on his election.

[amt] 26/11/2024 20:28

Aleman.
Has the tide turned after months of selling down in the wake of the property bond crisis and prosecutions?

When I wrote about that many months ago, posters here told me that had nothing to do with it since it was old news.

[aleman] 26/11/2024 11:58

The VOF discount shrank to -3.7% in early 2021. After a 12-month VNI bear market the 2022 peak discount was -25.6%. I take the current bull market as starting from the low of 1/12/22 and rising +24% and yet the discount is bigger now than at its worst in last bear market!

h ttps://www.trustnet.com/factsheets/T/I161/vinacapital-vietnam-opportunity-ord-$001

Edit - discount was 432.5/587 mid-morning = 26.3%. The share price has risen since but VNI also closed higher again. Foreigners were net buyers for a third consecutive day. Has the tide turned after months of selling down in the wake of the property bond crisis and prosecutions? We had a false dawn before more selling on Trump's win but that further selling now seems to have faded. Maybe investors are now thinking that a 10% Trump tariff on Chinese goods pushes business to Vietnamese exporters even more quickly?

[dickbush] 26/11/2024 10:33

Updating for the increase in the market overnight and decline the in the Dong v Sterling I get to a discount of 25.7%. Normal range 10-20% but can be over 30% at bear market lows.

It was only a few years ago that the discount got to less than 10%. My fading memory says 7%. That's the sort of discount we can expect to see if/when the Vietnam market is announced as moving to the Emerging Market Index/Indices. In fact, it will be doubly good news as the markets itself is driven up by Index buyers. So, with that in mind, my shares are locked away to endure whatever downside occurs in the short run. Ditto my holding in VEIL.

[31337 c0d3r] 26/11/2024 02:46

"kenmitch25 Nov '24 - 09:32 - 2311 of 2324
0 0 0
31337 CoDcR

You’ve misunderstood my post. [...]"


I'm not sure why you've convinced yourself my post was about you. I never mentioned your name. Guilty conscience or just PPD Syndrome I can only assume. Anyway thanks for the negative, it seems QuePassa was right about you.

[quepassa] 25/11/2024 17:49

ken,

"Too many ADVFN threads are ruined by similar idiots."

Own goal - there , ken.

As you are the biggest idiot of all.

Your rudeness , pontificating self-rightousness , talking down to everyone combined with your nauseating sanctimonious attitude is well-known and despised by all.

If ADVFN is not good enough for you, yes please do everybody a favour and stick to the other "quality subscription site" because you are really not wanted or liked here on ADVFN.

[foetus in your brain] 25/11/2024 17:17

I can vouch for ken. I've let my stocko sub lapse but the investment trust thread he set up there was excellentWe really need to be a bit more tolerant. There are few enough people looking at the trusts sector without unnecessary bickering.

[kenmitch] 25/11/2024 17:08

That bile from Que Passa is typical of him. He did the same on the Cavendish thread and then deleted all his posts when rumbled except the one where he told me to GFY! Where’s the evidence for his claims? I post mainly on Stockopedia, a quality subscription site, and if anyone else here does then have a look at my posts there to judge for yourselves.

More fool me for wasting time on all this including posting here in the first place. Too many ADVFN threads are ruined by similar idiots.

Here’s the link to that Cavendish thread and all the posts Que Passa subsequently deleted. See the posts from November 11th.

[amt] 25/11/2024 12:59

Blimey, It's worse than I thought.

[kenmitch] 25/11/2024 12:21

What is clear is the huge underperformance of VOF compared with VNH for a long time now. VOF is down about 14% from 503p on 26th Nov 2022 to 435p today. VNH is UP 30% from 336p to 402p.

A key reason for the big difference is VNH goimg from a big discount to a slight premium recently while VOF as Aleman is pointing out is still at a wide discount. Even allowing fir that VNH performance has been superior but not by that much.This makes VOF the Vietnam choice for me now,but for my already holding both VOF and VNH and both are big successes in my portfolio.