Vinacapital Vietnam Oppo... Share Discussion Threads

[aleman] 04/3/2024 14:37

Yet another airport expansion approved - from 2.75m passenger p.a. to 8m.

[aleman] 04/3/2024 08:20

Real estate services in HCMC +20% after -13% last year





Last year, nearly 160,000 new enterprises were set up in the country, up 7.2% year-on-year. This highest-ever figure was 1.2 times higher than the average of the 2017-22 period, surging 4.6% compared to the estimate for the year.



It looks like the Vietnamese economy is firing on all cylinders again.

[aleman] 01/3/2024 08:58

593p is highest NAV since 30th September 2022 (and the market closed up again today).

[aleman] 29/2/2024 16:34

Still hoping to achieve MSCI Emerging Market status next year.

[aleman] 29/2/2024 08:08

Tet distorts things. There are a number of figures here that don't quite gel but all seem very positive:

[31337 c0d3r] 29/2/2024 07:54

So February exports were down compared to last year, but only because last year the long Tet holiday occurred in January.

For January and February, exports actually rose 19.2% from a year earlier to $59.34 billion.

The industrial production index in the January-February period rose 5.7% from a year earlier, swinging from a decline of 2.9% in the same period last year.

[interceptor2] 28/2/2024 10:48

Spangle93, Appreciate your post, I will certainly make a note and take a look.

[shaker45] 28/2/2024 10:46

Jeez. Text diarhea. Glad it's filtered

[aleman] 28/2/2024 09:06

There is a growing gold shortage in Vietnam. This might contribute to investors moving back into shares and property now that they seem to have started rising again?

[aleman] 28/2/2024 08:14

Broken out. Can it hold? And what next? There's quite a lot of catching up to do.

Edit - VN INDEX actually closed up 1.38% this morning.

[aleman] 28/2/2024 07:24

VN Index up 1.19% to a 19-month high this morning. Up 7.5% now just in February.

[aleman] 27/2/2024 14:15

Only got to rise a few pence or stay here a few days and the 3-year downtrend is broken.

[spangle93] 27/2/2024 14:03

interceptor - NAG, DYOR etc, but one of the steadiest investment trust performancers I hold, perversely in terms of mainstream thinking on risk, is BRFI, on a 4% yield at current price.

Only about 5% is in Vietnam, the rest is liberally sprinkled across parts of the world you wouldn't normally consider investing in ;-)


walter - yes, it's been a long time since the days of, was it EEN/GPX? I've made a small fortune from junior oil/gas/miners... sadly I started with a large fortune, sigh

[aleman] 27/2/2024 07:35

VN Index up over 1% for a second day. It's gained 21% from a higher low 4 months ago, during which it's gone up almost in a straight line. (It's now at an interesting technical resistnace point.) You'd have no idea from looking at VOF's price.

[walter walcarpets] 26/2/2024 18:36

A few names I recognise here.....Aleman, Spangle. I added today after a long absence here. GLA

[spangle93] 26/2/2024 17:50

31337 - yep, me too. VNH did me very well, more than doubled money, but closure of discount has led to me selling there and adding here.

[aleman] 26/2/2024 14:59

Must be getting close to breaking the downtrend again. Will have a look at the chart again later.

[martincc] 26/2/2024 13:46

At last buyers outweighing sellers, even though NAV has fallen back a bit. On the move? Added a few more

[aleman] 26/2/2024 13:38

For anyone not paying close attention, the VNH discount is 2%. If we were the same here, we'd be about 27% higher at 565p, and probably even a bit more when today's big market rise hits tomorrow's NAV.

[interceptor2] 26/2/2024 13:18

Same here I also sold out of VNH and switched to VOF, haven't bought VEIL yet but I will.

And for the same reasons as 31337 COD3R, I want to always have exposure to Vietnam.

[31337 c0d3r] 26/2/2024 12:56

I've completely sold out of VNH and with the proceeds added to VOF and VEIL 50/50.

My bet is on Vietnam rather than any particular fund.

Will redistribute back to VNH when discounts are more balanced.

[aleman] 23/2/2024 10:12

There's an interesting graph in CLIG's interim results. Page 9 shows the average discount of constituent funds in The First Trust Municipal Closed-End Fund Total Return Index. Since Aug 2020, the graph has moved from around +2% to around -12.5% as of Dec 2023. There is a slight rise in the last couple of months from -13.5%. Is this a bottom or just a small correction to the downtrend? It look like a possible break out of the downtrend since 2020. A couple of similar breakouts in previous years saw a recovery in one case and a two year sideways movement before a recovery in the other.

There is a possibility that it is suggesting discounts have stopped expanding. It is plumbing the lowest level since 2005, leaving a greater potential for reversion to the mean.

[arja] 23/2/2024 09:19

the late fall in Vietnem indices has had no effect on VOF but logical I guess :) .But XFVT reacts and hence a better trading instrument .