Vinacapital Vietnam Oppo... Share Discussion Threads

[mike the mechanic] 18/8/2023 11:23

Does anyone know why the steep drop today?

[spangle93] 02/8/2023 08:33

Edison paid research paper, as referenced in the RNS Reach



Interesting comparison with other Vietnam and regional ITs (exhibit 10) - shows VOF NAV lost the least in the last year, but gained the least over 3 years

Also, costs have fallen as fees have been restructured

Conclusion
VOF is an attractive play in Vietnam’s long-term growth story, while at the same time offering downside protection during periods of short-term market headwinds through structuring investments on private terms (c 80% of VOF’s investments have been initially made into private companies). In addition to a layer of safety, these arrangements often include terms that generate recurring income and therefore assisting VOF’s dividend payments.

[aleman] 01/8/2023 11:26

Vietnam manufacturing PMI rose from 46.2 to 48.7.

Andrew Harker, Economics Director at S&P Global Market Intelligence, said:

“The Vietnamese manufacturing sector remained under pressure in July, according to the latest PMI data, with firms again struggling to secure new business and
scaling back output accordingly. Despite the latest drop in production, firms were still left with unsold stock, however. Meanwhile, there were again falls in prices
and a shortening of suppliers' delivery times amid widespread spare capacity in the sector. "On a more positive note, there were signs that demand may be stabilising as new orders fell at the softest pace in five months. Firms will be hoping that this may feed through to renewed growth of orders in the months ahead."

[aleman] 01/8/2023 09:00

£ v $ , £ v Dong


free stock charts from uk.advfn.com

[spangle93] 31/7/2023 12:44

VEIL is the best of the 3 Vietnam London listed trusts over the last 3 months.

But as always, it depends on the period over which you're measuring. Year to date VNH is the best of the 3. Whereas over the last month, VOF and VEIL have both risen about 7.5% before today

Good to see some confidence returning to the country's trusts, no matter which you're invested in

[aleman] 31/7/2023 11:03

Quite a big jump at VEIL today. The Vietnamese market is up again, as the good run continues (new bull market after 3 x 0.5% interest rate reductions?), and VEIL's discount has closed to around 10%. Is VOF getting left behind a bit?

[hydrogen economy] 26/6/2023 14:29

FT Article 25th June "Vietnam must take ‘aggressive’ action to meet growth goals, says finance minister"



May explain 1.5% drop in VOF & VEIL whilst VNI is up.

Key points, :-

Vietnam grew >8 per cent, one of the fastest in 2022 But growth slowed 1Q23 to 3.3% ,down from 5.9% 4Q22, as a grim global economic picture and high inflation cut into demand for the country’s exports.

“We rely on the world’s demand for our products, which is facing a lot of difficulties,” Ho Duc Phoc told FT, adding that the war in Ukraine had raised oil and consumer prices, putting pressure on manufacturing input and trade costs and depressing buyers’ appetite. “Our orders from international partners have reduced drastically.”

He said the government was targeting full-year growth of 6 to 6.5 per cent, following anticipated first-half growth of about 4 per cent.

“In the next six months, we will probably have [to take] aggressive steps to achieve that target,” he said, citing an extension of deadlines for tax payments, the reduction of value added tax and petrol levies amid proposals to help lower costs and boost demand.

Vietnam’s central bank this month cut interest rates by 50 basis points, its fourth reduction this year.

[panache1] 19/6/2023 06:58

Start of interest rate cuts in Vietnam today...may help this one. DYOR

[arja] 04/4/2023 15:54

VOF and VEIL are in short term uptrend and tempted to buy but have open positions in RSG and PCT and best to focus on them . They have quite a big discount to NAV but that is fairly normal I guess and might be linked to FX !

[hydrogen economy] 17/3/2023 11:52

Under Decision No 313/QĐ-NHNN issued by the SBV late Tuesday, several policy rates have been adjusted down by 50-100 basis points since Wednesday.

Accordingly, the rediscount interest rate has been reduced from 4.5 per cent per year to 3.5 per cent per year while overnight electronic interbank rate and interest rate for loans to offset capital shortages in clearance between the central bank and commercial banks have been also decreased from 7 per cent per year to 6 per cent per year.

According to the SBV, the rate cut was made as the country’s inflation is under control. Data from the General Statistics Office (GSO) showed the consumer price index (CPI) last month increased by 0.45 per cent against the previous month. For the first two months of 2023, the CPI increased by 4.6 per cent against the same period last year.
hxxps://vietnamnews.vn/economy/1497913/central-bank-makes-first-rate-cut-since-2020-to-support-economic-growth.html

[milesy] 02/2/2023 20:41

Western companies moving their manufacturing from China to Vietnam (among other Asian countries) bodes well for the country and its people.



Apple on the case already:

[maroni tony] 31/1/2023 14:49

For all the Emerging Market focus, this one should be in your portfolio.

[davebowler] 20/12/2022 09:01

Mention here -

[arja] 30/11/2022 10:08

funny but market makers on offer side and natural players on the bid . but might even hit that 440 level today in this very thinly traded stock :)

[arja] 29/11/2022 16:20

US indices falling sadly and US leads as always making short term forecasts harder of course

[arja] 29/11/2022 16:18

EI ,
thanks but actually i just use the KISS approach with candlestick charts . Gives a good guide normally and enables me to day or overnight trade quite profitably :)

[essentialinvestor] 29/11/2022 16:07

Thanks arja !.

Guessing we might have another dip lower before a longer term bounce,
however don't have your TA skills.

[arja] 29/11/2022 16:05

all that can be said is that the Vietnam indices are in a short term uptrend and probably a bit further to go . VOF might get to 440 chart resistance this week I guess

[essentialinvestor] 29/11/2022 15:25

Any views folks on whether the low is in for Vietnam or is this a bounce
before a re-test of recent market lows?, thanks.

[arja] 29/11/2022 15:18

thanks for that info 31337 . I might now try and open a spreadbeT position with CMC before the close after the pullback

[31337 c0d3r] 29/11/2022 12:24

"It has a wider discount to NAV than VEIL for some reason !"

That may change after tomorrow's NAV update, according to the RNS just issued regarding property revaluations.

[arja] 29/11/2022 11:36

nice looking chart and I tried to buy just after opening but IG will not accept opening orders on this stock dam them as would be a nice day profit already . It has a wider discount to NAV than VEIL for some reason !

[essentialinvestor] 25/11/2022 07:57

Setting up for a nice bounce back over the next 12 months.

[my retirement fund] 07/11/2022 22:28

Chart looks like that'd be ikely right now