Vinacapital Vietnam Oppo... Share Discussion Threads

[kenmitch] 10/4/2021 09:46

andyj

I forgot to remind that the fact that you don’t currently hold VOF does not mean you can't talk to them. You can point out that you’ve held in the past and want to question before considering whether to again.

Talk about pots and kettles with shaker44! He can’t possibly know about my investment success or otherwise, nor whether after 40 years investing I’m naive or not. Aren’t there some clowns around on some of the ADVFN bulletin boards.

[shaker44] 10/4/2021 03:39

Kenmitch. Another idiot filtered. Very naive

[andyj] 09/4/2021 15:24

Hi kenmitch, I have previously considered calling in on them as their office, in the Sunwah Tower, is very close to me, but I am not currently invested. I have always said a long term investment in the country is a good option at the right time, but VOF is benefiting from being one of very few choices for foreign investment here. I would invest unwaveringly in an ETF, although perhaps not at the moment.I respect your opinion and wish you luck with your investment here.

[shaker44] 09/4/2021 13:23

People who only ever post pessimistic stuff, even when overtaken by positive outcomes, are not worth my time. Hence Andy is filtered long since.
If you see value then I am happy for you.
Living in UK doesn't make anyone a ftse expert does it? Same vietnam.

[kenmitch] 09/4/2021 12:36

andyj

You’ve made some interesting observations. What's difficult to grasp is how your comments contrast so sharply to the bullish updates from the 3 Vietnam Investment Trusts. Are they really pulling the wool over investors eyes? In my long experience with Investment Trust Manager comment about how the economy is performing in their Country, along with comment about possible worries about how those would affect the holdings in their Portfolios, is that they do address such concerns.

Have you thought of raising your points directly with VOF? They might reassure or cause you to be even more convinced that there are potential big concerns ahead.

The Vietnam PE index is around 20. Certainly not cheap now but 20 is not bubble territory. And both VOF and VNH are still trading at discounts. Again not bubble ratings.

btw I can’t see why anybody down ticks your post. Your case is well argued and we’re all entitled to express our opinions. The idiots are the ones who are not prepared to look at both sides of the investment case and not the people who take time to post in detail.

I hold VOF and VNH and have done well with both and VNH warrants in the past.

[shaker44] 09/4/2021 08:41

Topsliced-good price. Reinvested VNH at deeper discount

[hydrogen economy] 09/4/2021 08:23

VOF XD yesterday, payment up from 5.5c last year to 6c, payable on 4th May.

[digitaria] 08/4/2021 16:19

Nothing wrong with a bearish stance or a dissenting view.

OTOH, the fund is priced at 11% discount to published NAV, so is that insufficient discount or are the underlying shares overpriced?

[andyj] 08/4/2021 15:51

What I actually said was I would not be buying at this price, or indeed anywhere near it. That is very different from 'waiting to buy cheaper'.

[exotic] 08/4/2021 13:54

He previously admitted he's waiting to buy shares cheaper. Hence nothing but doom and gloom will be posted.

[andyj] 08/4/2021 11:12

Well, it has increased four fold in the last 17 years. Good try at keeping the greater fool theory going though. Just don't look at the storm clouds on the horizon...

[amt] 01/4/2021 15:32

Yes buy and leave it for ten years for a five or ten fold gain with luck.

[dpmcq] 01/4/2021 14:47

From a recent Shares Magazine Article -

WHILE THE DISCOUNT on the VinaCapital Vietnam Opportunity Fund (VOF) has narrowed
in from a 17.7% 12-month average to 11.1%, we see scope for strong risk-adjusted
returns from its differentiated mix of listed and private investments in Vietnam.
The only one of its Vietnam trust peers to pay a dividend, an ongoing share buyback
programme and continued strong performance should drive a further narrowing of the discount.
Vietnam’s strong response to the pandemic has limited the human impact on a country
with comparative advantages including a young, well educated population and relatively low labour costs.
Vietnam turned out to be rare oasis of GDP growth in the economic desert of 2020 and
according to the VOF team, is set fair to be the next ‘Asian tiger’.
VOF’s listed holdings include steelmaker Hoa Phat, Airports Corporation of Vietnam and
food and beverage business Vinamilk, while VOF is also the country’s largest private
hospital investor.
VOF has generated five and 10-year annualised net asset value (NAV) returns of 17.5% and 13.1% according to Morningstar.

[andyj] 26/3/2021 11:09

More detail on that 'profit' Vietjet made last year https://tuoitrenews.vn/news/society/20210325/vietjet-air-bamboo-airways-seek-financial-relief-from-vietnamese-government/59946.html?fbclid=IwAR1Dr4Lw00yhrTksQWZ04bV3W9Dm7KOeJUJ_BT6gt30E3fVU0aFaQAwVQFk

[velvetide] 26/3/2021 11:07

div increase

[amt] 23/3/2021 09:40

The recent outbreak has been successfully dealt with as I expected it would be. I am full of admiration how they do it.

[andyj] 18/3/2021 23:54

Nearly https://e.vnexpress.net/news/business/economy/vn-index-tops-1-200-points-4247024.html?fbclid=IwAR1_jHyRW4OLqBF2nptHDRgK9TJfd2A59zocBhBrBHCi1Y-KlpFr2sNJxDY

[dickbush] 18/3/2021 10:42

Note the data on the economy. It all looks excellent.

[dickbush] 18/3/2021 09:01

Market closed above 1200 today. I think that's an all-time closing high.