Vinacapital Vietnam Oppo... Share Discussion Threads

[dpmcq] 28/5/2021 13:50

thanks shaker44, been looking a couple of online newspapers,
was interested in the vaccination rollout and if a timescale had been set.

[shaker44] 28/5/2021 13:30

You can find all that by googling vietnam news in English- several sites. Which no doubt negative Andy will decry although they are like media everywhere. Not gospel but you can read between the lines.
As in most countries, news in this dynamic pandemic tends to change day to day. Some deliberate government disinformation and some understandable reactions to changing circumstances.

[dpmcq] 28/5/2021 13:00

I had seen what appeared to be strictness by authorities when outbreaks occurred.
Have your lockdowns only been local when outbreaks have happened?

I have also read that the health ministry intends to buy 110m vaccines in 2021.
Could I ask if there has been any official announcement for a planned rollout (if there is one) or is that something still to be announced?

[andyj] 28/5/2021 10:59

Agreed. And trust me no one on this thread hopes the virus is contained more than me! A full lockdown and my business here is gonna struggle.

[dpmcq] 28/5/2021 10:42

Fair enough...truce and we are wasting our time in nonsense posts filling up the thread.

[andyj] 28/5/2021 10:38

And it has gone far enough. Time to draw a line or we both get a ban! And FWIW our long term views are the same. We just have a very different short term view.

[dpmcq] 28/5/2021 10:34

I listened to a balanced view at that point, as you started name calling I have responded in kind.

[andyj] 28/5/2021 10:30

The irony is that I am merely warning you of the imminence of the very thing you thanked me for warning you about in your post 1391.

[dpmcq] 28/5/2021 10:29

hahahahahaha
You are the name caller little man, so responded in the only way to address a childish idiot, with no skin in the game, no intention of anything here but still posts.
Quickly worked out your agenda here as most others have, which is paper thin and spotted you bitterness at a lost opertunity...poor lad...now run along pal and play with your troll mates on your grubby keyboard and spend your pocket money on sweets....
Still waiting for the reasoning to what we are all missing.....but suspect that will not arrive....only good at name callng

[dpmcq] 28/5/2021 09:49

colleagues...you and gary g

HPG (Mkt. Cap: USD8.4 billion, NAV: 21.3%, +24% m-o-m): Reported 1Q21 revenue of USD1.4
billion, up 63% y-o-y, while profit after tax tripled to USD305 million, including USD283 million from its
core business and USD22 million from a one-off divestment of its non-core furniture company. The
company targets 2021 revenue of USD5.2 billion, up 33% y-o-y, and PAT of USD783 million, up 33%
y-o-y, although we note that HPG has a history of offering conservative guidance and thus we expect
this leading steel company to deliver higher than projected results for the year. The recent spike in iron
ore and steel prices has not negatively affected HPG as they are able to pass these costs on, and they
continue to gain market share with 35% of the market.

• KDH (Mkt. Cap: USD852 million, NAV: 9.6%, +15.6% m-o-m): Reported 1Q21 net profit of almost
USD9 million (up 33% y-o-y), fulfilling 17% of this year’s plan. The company targets 2021 net sales
increasing 6% y-o-y and NPAT increasing 7% y-o-y thanks to handovers at various projects. KDH
expects to pay a 10% stock dividend in 2021.

• FPT (Mkt. Cap: USD2.8 billion, NAV: 3.6%, +4.2% m-o-m): The IT sector makes up only 1.5% of
the index weight, dwarfed by the heavyweight financial (33% weight) and real estate (25%) sectors.
However, it is the best performing sector on the market year-to-date, up 33%, with much of this
performance owing to FPT Group (HOSE: FPT), up 37% YTD. In early May, FPT announced that it
acquired a majority stake in software-as-a-services start-up Base.vn for an undisclosed amount.
Founded in 2016, Base.vn helps businesses streamline management and operations activities such
as hiring, payroll, task management and team collaboration, and approval management. Base.vn said
they have 5,000 businesses as clients.

• VPB (Mkt. Cap: USD6.2 billion, NAV: 1.9%, +31.1% m-o-m): VP Bank (HOSE: VPB) announced the
successful divestment of a 49% stake in its wholly owned subsidiary, FE Credit, at an implied valuation
of 100% of FEC at USD2.8 billion (implying a P/B of 4.2x). FEC’s new shareholder structure will be VPB
50%, SMBC 49%, and VCSC 1%. The cash proceeds of USD1.4 billion will help improve the bank’s
consolidated capital adequacy ratio from 11% to nearly 20%. VPB released 1Q21 results with profit
before tax achieving 24% of management’s full-y

Can you explain what we are all missing here Einstein.....

[andyj] 28/5/2021 09:45

40% growth?I had to show this to my colleagues. Thank you for giving us all a good laugh!

[andyj] 28/5/2021 09:25

Ladyboys in Vietnam? Mr I don't call names but will call you names lol. Wrong country numpty. Unless you think you are invested in Thailand.Ah but the numpties love your naivety. Who needs a ladyboy when you have hordes of numpties trying to wiggle their thumbs up your botty?I will say it again you have not the faintest about the companies you have invested in. Your naivety and arrogance are heading for a just denouement.

[dickbush] 28/5/2021 09:13

According to Bloomberg the main market is on a historic p/e of 18 times. That doesn't seem expensive with earnings forecast to grow circa 25% this year.

While I'm happy to trade against my basic position, I aim to have my son inherit it when I'm gone. Sure, there are going to be bumps in the road, but I like where Vietnam is going.

[kenmitch] 28/5/2021 09:10

I agree it’s best to ignore him from now on and let this thread go back to what it used to be as a source of useful info and comment on Vietnam and VOF.

It’s surprising how even just one clown can ruin a bb.

I voted Up shaker44 and DPMCQ’s posts but as so often it didn’t record.

[shaker44] 28/5/2021 07:53

Dunno what you guys are reading as I filtered this guy months ago. Seems he is irritating you guys with his negative nonsense so just filter.
He seems to wait for crumbs of bad news then pounces presumably to say See I was right. Childish and pathetic. Nothing to do with successful investing.

[amt] 28/5/2021 07:42

Problem is Andy you have been wrong on so many occasions with a raft of scare stories that came to nothing. Infact correct me if I am wrong but I dont think you have been correct about anything, certainly not about the economy or stock market or Covid for that matter.
The market continues to surge higher reaching another all time high this morning.
If I had followed your thoughts I would have missed huge gains.
I find your posts unbalanced and I dont understand what your motivation is to post gloomy news on something it seems you will never invest in.
I dont write on boards I am not invested in, except if I am thinking of investing in, whats the point.
I think you might be missing out on a great ten year investment here.
The market is cheap EPS growing at between 25% to 40% this year.
Many other bull points listed before.

[andyj] 28/5/2021 01:00

Kenmitch rolls out his tired old line about going to see VOF for the umpteenth time. Who goes knocking on doors of companies they are not invested in to tell them they are not going to invest lol. DPMCQ I do not get on boats that have a big hole in the bottom. But congratulations on becoming another numpty that has never heard of the companies he has invested in and thinks he is invested in an ETF.Numpty strides to the window, bubble tea in hand, another new high for the VNI. Lifting his eyes above the rubbish piled in the neighbours garden to the stars, where he belongs.You ok darling? Call me Gordon.Oh...er you ok Gordon?Gordon Gekko. He smiles, resting his eye briefly on the framed extract from the Grimsby Gazette. This time next year Quang Ngai sugars gonna be global. It's the Apple of sugar. Oh but the price is 50% higher than a year ago and the economic situation has worsened considerably.If you ever mention reality again then I am leaving you!Oh sorry darling... I mean Gordon.

[kenmitch] 27/5/2021 17:46

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.

[dpmcq] 27/5/2021 17:28

You post - Time to short. You will see why tomorrow.
Then post - 1. VOF cannot be shorted

As predicted a bitter person who missed a boat. Get over it its only money.
So then buy in at 300 having seen the price collapse from 455ish wanting it then to return back to 455 ish to make a decent profit having stated it is way over valued at this level.
Another nonsense??

My guess is I will be gone with my profits while you are still bleating.
As with all thing time will tell.