Vinacapital Vietnam Oppo... Share Discussion Threads

[dickbush] 27/7/2009 09:36

Vietnam market has bounced back with the other Far East markets. Despite underperforming its still up almost 15% versus end-May while VOF is only up circa 5%.

[dickbush] 20/7/2009 10:35

Vietnam market now down 100 points since June 9th, and back to end-May level. Down 3.7% today while the overall S&P Asia Index was up 2.9%. Very poor performance. Presumably, the NAV is still circa $2.12.

[davebowler] 09/7/2009 11:27

Here is a cheap way into Vietnamese property Aseana Property

[dickbush] 09/7/2009 10:38

Hi, hijinx

I assume you got out at a better price than today's. So well done.

What are you looking for as a catalyst to get back in? My average is well below the current price but I was thinking of topping up about 10-15 cents below the current level. I am a long term investor and expect to be a holder for many years. What do you think?

[dickbush] 08/7/2009 13:35

End-June NAV due soon. Should be around $2.12. So discount to nav is circa 37%. Big loss of confidence over the past month.

[dickbush] 01/7/2009 12:51

Vietnam Reports Faster Growth, as Asian Economy Figures Improve
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By Jason Folkmanis

July 1 (Bloomberg) -- Vietnam's economic growth accelerated in the second quarter, buoyed by construction activity, amid indications of a broader regional recovery.

The country's gross domestic product grew 3.9 percent in the six months through June from a year earlier after gaining 3.1 percent in the first quarter, the General Statistics Office in Hanoi said. The economy expanded 4.5 percent in the second quarter from a year earlier, according to today's statement.

Stronger economic expansion in Vietnam adds to evidence that Asia may be starting to emerge from the worst of the global recession. Stimulus spending that the Vietnamese government values at more than $8 billion has helped drive loan growth in the Southeast Asian country, spurring construction.

"The one common factor in the improvement in the Asian growth numbers is aggressive growth in liquidity," said Ken Peng, a Beijing-based economist at Citigroup Inc. "Vietnam has taken measures to encourage loans. The impact in Asia of stimulus spending can probably sustain better growth conditions for the rest of this year."

The Organization for Economic Cooperation and Development on June 24 raised its forecast for its 30 member nations for the first time in two years as the global recession shows signs of abating. The International Monetary Fund last week boosted its outlook for Australia for this year and next.

[dickbush] 25/6/2009 08:58

Premier-Led Group Makes Oil, Gas Discovery in Vietnam (Update2)

By Jason Folkmanis

June 24 (Bloomberg) -- A Premier Oil Plc-led group found oil and gas off the coast of southern Vietnam in its first well in the area, as the U.K. company seeks to build on earlier drilling success in the Southeast Asian nation.

Testing at two reservoir zones in Block 07/03 produced flows at a combined rate of 3,265 barrels of oil and 8.1 million cubic feet of gas a day, Premier said today in a statement. The London-based explorer has previously said the Chim Sao and Dua fields, located in an adjacent block, are commercially viable.

The Premier-led group, which also includes Vietnam American Exploration Co., Australia's Pan Pacific Petroleum NL and a unit of Abu Dhabi-based Mubadala Development Co., began drilling the Ca Rong Do exploration well in Block 07/03 last month. The area was opened up for drilling by a 2003 accord between the Indonesian and Vietnamese governments.

"The flow rates are similar to what Chim Sao flowed in testing," Phil MacLaurin, Vietnam country manager for Premier, said today by telephone from Ho Chi Minh City. "That is good news because it shows that reservoir-quality sandstones are present."

Premier advanced 3.6 percent to 1,097 pence in London trading, the biggest one-day gain in three weeks.

The prospect targeted by the Ca Rong Do well may hold 80 million barrels, Pan Pacific Petroleum said in a May presentation.

[dickbush] 23/6/2009 10:04

After the last two days the Vietnamese market is off 14.5% from its rally high.

[dickbush] 18/6/2009 11:23

Share price decline now suggests that the discount to NAV is over 30%.

[dickbush] 10/6/2009 08:35

Main market down 3%. Virtually every other Far East market was up a similar amount. Still, profit-taking was due after the recent strong run.

[dickbush] 09/6/2009 09:29

Another 2% rise today. Now less than 10% away from a breakout.




Note that the chart is through yesterday. Go to the 1 day chart for today's performance.

[dickbush] 08/6/2009 16:46

A 90 point rise in the main inex has translated into a rise of 9% in the net asset value. Presumably this is conservative reflecting the amount of non-quoted holdings. Even so there has been a further 90 point rise through today suggesting the nav, again conservatively, is circa $2.22. So the shares are trading at a minimum of a 27% discount to nav.

[dickbush] 08/6/2009 08:53

Vietnam markets up 4.8% and 6.8% today. Rest of Far East mixed. Only 12% to go before it gets past the 12 month high on the main market. Then its a clear run to the old high.

[mangal] 05/6/2009 09:28

BTW, have a look at JSM (I know not Vietnam-only but the same story) - I think a massive discount to NAV.

[mangal] 05/6/2009 09:25

yes, I agree the Vietnamese stockmarket has been v strong recently & the share price of ITs invested in that market have lots of catching up to do- some are currently trading at ridiculous discount to NAVs.

[dickbush] 05/6/2009 09:18

Where's the fan club for this share? The Vietnamese stockmarket is rising strongly. Up another 4 1/2% today to continue its run of new rally highs every week. The Index needs only to rise another 17% to pass the latest 12 month high, and after that there is no strong resistance until it is almost double the current level.

[dickbush] 25/5/2009 09:53

Vietnam markets up 4 and 5% today.

[davebowler] 21/5/2009 15:03

Have a look at ASPL a cheap way into Vietnam and Malaysian Property

[dickbush] 19/5/2009 10:01

Today's EGM announcement is a positive for shareholders. Should see the discount to NAV reduced.