Vinacapital Vietnam Oppo... Share Discussion Threads

[shaker44] 14/7/2021 14:50

But still low. The VN index has had a strong run and is overdue a correction. A few More covid cases around hcm provides the excuse to take money off the table. And will deliver buying opportunities into the VN growth story down the road a little.

[dickbush] 14/7/2021 14:14

The rate of growth of the number of infections is increasing. Today's number over 2,900 versus 2,300 yesterday.

[dickbush] 12/7/2021 11:03

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] 12/7/2021 09:03

I agree. Waiting to buy veil if this dip deepens. Numbers really not that bad for covid and seem well contained so far

[hydrogen economy] 12/7/2021 08:42

HCMC was locked down from 9th, planned for 15 days but likely longer. Most of recent cases have been in HCMC or surrounding area. Offices limited to essential activities, only food shops/pharmacies open etc. so there will be an economic hit but valuations are more about the long term income/growth than 1 or 2 quarters earnings, so if there is a decent dip I'll re-buy some of the VEIL & VOF recently sliced, VEIL preferred.

[dickbush] 12/7/2021 07:55

Too early for the final CV number today but the numbers for 6 a.m. and noon are out and they are awful. The market has finally cracked on the back of these numbers, presumably assuming further tightening of restrictions and an impact on the economy.

[exotic] 07/7/2021 15:53

NAVs as announced this morning:

VEIL
£8.33 p/s
Discount: 14.28%

VNH
£3.344 p/s
Discount: 21.65%

VOF
£5.62 p/s
Discount: 13.96%

[shaker44] 06/7/2021 13:32

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!

[hydrogen economy] 06/7/2021 12:55

Unclear what caused VNI drop, after the great run, a bit of consolidation shouldn't be a big surprise.

With CV case numbers rising to 1102 yesterday, 641 in HCMC there is speculation that the social distancing rules in HCMC may be tightened to a full lockdown, Delta variant is proving tough to control. Most companies are continuing to operate fairly normally since distancing was announced at the end of May but a lockdown would be tougher. There have been a number of outbreaks at big industrial sites which will be impacting output, other districts in the south have growing case numbers.

Vaccinations are being distributed as soon as they arrive but deliveries are really slow, only 4m so far giving only 2% coverage. The good record so far of CV control seems to have put VN at the back of the vaccine queue.

[arja] 06/7/2021 09:17

vietnam indices suddenly hit this morning and down about 4% but no reaction yet at VOF or VEIL "!

[exotic] 05/7/2021 13:45

City of London Investment Management Company Ltd holding has gone above 10% as of Friday 25th June.

[hpcg] 01/7/2021 10:18

Share buy backs adding immense alpha, and more than supporting the share price.

[digitaria] 30/6/2021 11:04

It has jumped up a little this morning, but it's still at > 17% discount to NAV.

[shaker44] 30/6/2021 09:58

Top sliced VOF again at 475.6p.looks a bit toppy now. Will reinvest in VEIL at next pull-back. Huge discount not warranted by recent performance in my view but we shall see.

[arja] 30/6/2021 09:39

the only concern is the communist government in 21st century but I think it is not anti business and obviously a capitalist economy .

[shaker44] 29/6/2021 07:31

And the job of the fund managers is to pick winners who outperform gdp. I am considering adding VEIL to my VNH and VOF but still have some work to do to decide

[dpmcq] 29/6/2021 07:20

Vietnam's gross domestic product advanced by 6.61 percent year-on-year in the second quarter of 2021, accelerating from an upwardly revised 4.65 percent growth in the previous period, the strongest growth since the fourth quarter 2019, as the economy gradually returned to normal conditions, after loosening the lockdown measures to contain the spread of the coronavirus and a low base effect, the preliminary estimate showed. The expansion was driven mainly by agriculture, forestry and fisheries (4.11 percent); industry and construction (10.28 percent), and service sector (4.30 percent). Considering the first half of the year, the economy expanded by 5.64 percent from a year earlier. For 2021, the government is targeting economic growth at 6.5 percent.

[amt] 29/6/2021 06:51

I dont think anyone can have any complaints about the share price performance.
I am taking a ten year view with the hope of a ten fold gain.
Remember EPS of Vietnam companies are likely to rise something like 40% this year and after that why not 20% per annum.
Plus a rerating at some point.

[arja] 29/6/2021 06:46

yes , I admit I am a trader nowadays as was never good at cutting losses and monitoring an investment closely . trading using CFDs or spreadbets forces me to be more disciplined . Of course trading cab mean holding for a little while but financing charges are a pain especially when IG and such providers charge interest rate well above the very low market rate . Anyway , good luck to all you long term holders.

[shaker44] 29/6/2021 03:17

Contact2: great rise. That % can be misunderstood. In about that period I am up from 144p to 468p so also very happy with this investment. If only all were like this!

[kenmitch] 28/6/2021 19:52

It might well have been Merry Somerset Webb who also persuaded me years ago. I also had great gains from 2 sets of Vietnam Holdings warrants. Unlike you I can’t remember the overall gains but one set of warrants alone multi bagged. And since then excellent share price performance from both VNH and VOF. I’ve never held VEIL.

And though the easy gains have been had, there could well be a lot more to come. For starters that both VOF and VNH are on such large discounts when discounts elsewhere have narrowed a lot makes no sense at all for such excellent performing Trusts.

[contact2fsnetcouk] 28/6/2021 17:25

Great return for me Ken, 168% from July 2015, plus decent divs. Thank you Merryn Somerset Webb.

[kenmitch] 28/6/2021 16:53

It’s more likely too many UK investors who trade Investment Trusts still not realising the many Vietnam plus points. Those who realised years ago have had a great return from all 3 Vietnam Investment Trusts and there could well be a lot more to come. But Investment Trusts like VOF are not really suited to quick in and out traders.

[arja] 28/6/2021 16:25

of course I meant disappointing today and in recent days where it has not moved higher and I assume discount might never get much smaller because of sovereign risk of investing in Vietnam . However , Chinese Trusts only have small discount to NAV .