Vinacapital Vietnam Opportunity Fund Ld

1.00 (0.22%)
Share Name Share Symbol Market Type Share ISIN Share Description
Vinacapital Vietnam Opportunity Fund Ld LSE:VOF London Ordinary Share GG00BYXVT888 ORD $0.01
  Price Change % Change Share Price Shares Traded Last Trade
  1.00 0.22% 452.00 60,107 16:35:08
Bid Price Offer Price High Price Low Price Open Price
450.00 451.50 451.50 450.00 451.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trust -118.09 -121.44 - - 724.14
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:38 O 6 452.00 GBX

Vinacapital Vietnam Oppo... (VOF) Latest News (1)

Vinacapital Vietnam Oppo... (VOF) Discussions and Chat

Vinacapital Vietnam Oppo... Forums and Chat

Date Time Title Posts
04/4/202315:54Vietnam Opportunity Fund1,787

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Vinacapital Vietnam Oppo... (VOF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 16:55:49452.00627.12O
2023-06-08 16:55:44452.003,00613,587.12O
2023-06-08 16:42:16449.643,00013,489.20O
2023-06-08 15:57:38452.022911,315.39O
2023-06-08 15:35:08452.006,43229,072.64UT

Vinacapital Vietnam Oppo... (VOF) Top Chat Posts

Top Posts
Posted at 04/4/2023 15:54 by arja
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 !
Posted at 17/3/2023 11:52 by hydrogen economy
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.

Posted at 29/11/2022 16:05 by arja
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
Posted at 05/11/2022 12:14 by essentialinvestor
Around £3.45 would take the price back to the pre COVID area.

VEIL sounding relatively cautious on yesterday's update.

Posted at 13/10/2022 06:31 by hydrogen economy
VOF is certainly down, but relative to many other assets not so dramatically.
YTD VOF is -14% VEIL -24% and the VNI index -31%, noting S&P is off 24%. The weakness of GBP flatters VOF & VEIL Vs VNI which is VND based.

Couple of reasons why VOF may be holding up better than VEIL and VNI.

Banks have been under pressure following several issues with SCP Bank, which led to lots of retail queues to withdraw deposits. The Government stepped in a guaranteed all deposits with no limit on value but people are naturally cautious. SCP is a small bank (not to be confused with SCB Sacombank which is much bigger and not connected) so the guarantee was possible. All banks have raised rates on deposits in recent months, many at 7-7.7% for 12 to 18 month duration. That reflects CB increases, but there is an impression that they are trying to increase liquidity which might be a concern, but Vietnam has improved bank liquidity regulations since the Asian crisis and GFC, larger banks exceed Basel III capital adequacy ratio of 8%, some by a good margin.

VOF had 19.7% in financial services in Aug report. VEIL doesn't provide the sector totals but has 29.4% in banks in top 10 holdings, so probably more total, so NAV has fallen faster.

Also VOF has higher non-listed investments for which valuations are updated less frequently, so the NAV is likely less volatile thank VEIL and VNI as a result.

Having taken profits on VEIL and VOF holdings over the last couple of years I am looking to opportunities to buy back into weakness, starting with VEIL.

Posted at 07/10/2022 10:27 by dickbush
The refinancing rate rise is, I agree, a signal to the currency markets and, at least since Monday, it seems to be working with the Dong about flat since. However, the interbank rate has risen from 1 1/2% last December to 2 1/2% in July to 7.8% currently (down from 7.95%). Given the banks have to make a margin on their lending, this must be putting pressure on businesses that have or need short term bank debt, not to mention short term "investors" who have used margin debt to buy shares.

Assuming in-line performance with the 3.5% decline in the index today, the discount is 19.4%. Not too bad considering the collapse of the market this year and the past history of the discount widening as the Vietnamese market crashes.

All of this, though uncomfortable, is just the very short term. My holding is for the very long term. This is an index (plus, hopefully) fund on Vietnam whose fundamentals-Government debt/GDP, inflation, and long term economic growth prospects (increasing through diversification away from China)-make it look very good value at circa 10 times 2022 forecast earnings.

However, given the dominance of domestic investors, who tend to be short term oriented, I guess we are going to need evidence to support that Federal Reserve pivot that US investors have been hoping for before this decline ends. Today's US employment data will be important for those hopes.

FYI. The next Federal Resrve meeting is November 1st/2nd with expectation of another 75bp increase, a week before the mid-term elections. The Producer Price Index for Final Demand, something the Fed looks at, is due out on October 12th. The latest 3 months through August annualised inflation was 2.0% and 3.6% ex food and fuel. This tends to lead the CPI by a month or two. Though the recent two million b/d cut in production by OPEC PLUS isn't going to help October.

Posted at 01/8/2022 09:13 by dickbush
Sunday Times recommending VOF and VEIL. That probably explains their performance on Friday. The market today took care of those moves and a bit more today. Hoa Phat, its largest holding until its collapse, was up 6% today despite a continuing deterioration in its steel business.
Posted at 23/3/2022 11:50 by 31337 c0d3r
VOF's latest report just published:


Posted at 09/3/2022 08:22 by dickbush
The Vietnam market hit its high on Jan 4th. VOF’s NAV that day was $8.57 or £6.33. The share price was £5.45 for a discount of 13.9%.

Yesterday’s NAV was $8.51 or £6.48. The shares closed at £4.84 for a discount of 25.3%.

Posted at 15/12/2020 10:13 by shaker44
Lucky to have an expert on so many things-- including the VOF share price - warning us all when the share price was far lower. I for one will ignore
Vinacapital Vietnam Oppo... share price data is direct from the London Stock Exchange
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