Vinacapital Vietnam Oppo... Share Discussion Threads

[roman2325] 23/8/2010 09:32

VN Index gets hammered yet the share price is back above 150 - maybe a big buyer of the company just trying to lessen the (huge) discount

[roman2325] 13/8/2010 15:02

Good news yesterday - nice end of the week rally. Any others still in this?

[roman2325] 11/8/2010 10:14

Considering the VN index is down 5% on the month a fall in NAV of less than 2% is better than expected. Discount widening even further..

[roman2325] 28/7/2010 14:07

They're certainly talking the right language

[roman2325] 28/7/2010 14:06

Update on residential project sales and marketing



TIDMVOF TIDMVNL

RNS Number : 0579Q
VinaCapital Investment Management
28 July 2010

?


28 July 2010
For immediate release


VinaCapital Group

Update on residential project sales and marketing

Ho Chi Minh City - VinaCapital Group, a leading asset management, investment
banking and real estate firm focused on Vietnam, announces today the results of
sales and marketing of residential properties during the second quarter of 2010.

During the three month period ending 30 June 2010, a total of 136 sales
contracts and reservations were recorded at projects in Danang and Ho Chi Minh
City, representing a total value of almost USD29 million, comprising USD18
million in reservations and almost USD11 million in sales contracts.

This figure almost equals the USD36 million in sales contracts and reservations
recorded over the six month period spanning the fourth quarter of 2009 and first
quarter 2010. The conversion rate from reservations to sales is 80 percent on
average across all residential projects now selling.

The past quarter saw sales at the The Ocean Villas and Dunes Residences at the
Danang Beach Resort, and the The Azura Apartments at the World Trade Center
Danang. In the Ho Chi Minh City region, sales were recorded at The Garland in
District 9 and the Sen Phuong Nam Villas at the Dai Phuoc Lotus project, in Dong
Nai province.

All sales and marketing of VinaCapital-developed residential units occurs under
the VinaLiving brand, Vietnam's first tailored-living and lifestyle brand. The
brand will soon feature a trading floor with an integrated and highly customized
online and in-store sales interface.

"The launch of the VinaLiving brand is perfectly timed, as VinaCapital continues
to separate itself from the market and grow to become the industry-leading real
estate developer in Vietnam. The residential sales results in 2009 and 2010
to-date confirm that we are providing the right products in the right locations,
particularly the mid-range of the market that is seeing high demand from
Vietnam's rising middle class," says David Henry, Managing Director of
VinaCapital Real Estate Ltd.

"We have an extremely strong residential sector pipeline that will continue to
benefit from the high demand for quality housing going forward," David says.

The five projects with active sales have a total of 740 units in launched
phases, with 456 units remaining for sale. In addition, the upcoming quarter
will see the launch of sales and marketing at phase 1 of the My Gia Township
project in Nha Trang and the Norman Estates at the Danang Beach Resort. Total
sales revenue from these two projects is estimated at about USD75 million.

VinaLiving projects target both high-end and mid-range consumers, with the
Vietnam residential market currently supported by demographic trends, strong GDP
growth, rising personal incomes, and an expansion of the nascent mortgage
market.

VinaCapital Real Estate Ltd is the developer of real estate assets owned by
VinaLand Limited (VNL.L) and the Vietnam Opportunity Fund (VOF.L), two
AIM-traded closed-end funds managed by VinaCapital Investment Management Ltd.
VNL and VOF have invested in a 75/25 percent ratio, respectively, in all the
residential development projects mentioned above except The Garland, which is
wholly-owned by VNL.

Forward-looking statements:
This news release contains statements that constitute forward-looking statements
that include but are not limited to statements regarding the expected income
generated from residential real estate sales of both built and unbuilt
properties owned by funds managed by VinaCapital Group ("the Company"). Undue
reliance should not be placed on forward-looking statements. Forward-looking
statements are based on current expectations, estimates and projections that
involve a number of risks and uncertainties, which could cause actual results to
differ materially from those anticipated by the Company and described in the
forward-looking statements. These risks and uncertainties include but are not
limited to construction risks and delays, and unforeseen changes to general
economic and business conditions. Forward-looking statements are based on the
estimates and opinions of the Company's management at the time the statements
are made. The Company assumes no obligation to update forward-looking statements
should circumstances or management's estimates or opinions change, except as
required by law.

Notes to Editors:
VinaCapital Group is a leading asset management, investment banking and real
estate development firm with unrivalled experience in the Vietnam market.
VinaCapital Group was founded in 2003 and has grown from a single USD10 million
fund to a diversified investment firm with USD1.8 billion in assets under
management as of June 2010.

VinaCapital manages three closed-end funds trading on the AIM Market of the
London Stock Exchange. These are: VinaCapital Vietnam Opportunity Fund (VOF);
VinaLand Limited (VNL); and Vietnam Infrastructure Limited (VNI).
VinaCapital also co-manages the DFJ VinaCapital technology venture capital fund
with Draper Fisher Jurvetson. More information is available
at www.vinacapital.com.

[davidbh] 14/6/2010 21:45

140,000 traded today.
Who?
Why?
Any offers?

[roman2325] 09/6/2010 15:17

VN Index gets smashed, share price smashed yet NAV only off a touch.

These are cheap as chips

[roman2325] 09/6/2010 15:16

VinaCapital Vietnam Opportunity Fund Limited (the "Company")
The Company announces that at close of business on 31 May 2010 its unaudited net
asset value per share was USD2.44.

[roman2325] 21/5/2010 08:49

I appreciate the VX index is off a bit but I see absolutely no reason for the share price to be down as much as this - again another good buying opportunity..

Any thoughts?

[roman2325] 18/5/2010 08:36

Long-term potential of the country is huge - even in the short term Vietnamese equities are trading at a discount to the region ex Japan as a whole - seems a pretty safe bet to buy here I believe..

[gb904150] 18/5/2010 08:08

Yes, a 40% discount to NAV is pretty enormous for a market/country with such great long term potential.

[roman2325] 18/5/2010 07:55

Monthly report:

[roman2325] 06/5/2010 12:01

These are too cheap at $1.50 - will buy some more..

[davebowler] 29/4/2010 16:24

ASPL is still on a massive discount to NAV too

[roman2325] 29/4/2010 16:19

RNS Number : 0452L
VinaCapital Vietnam Opp. Fund Ld
29 April 2010

?
RNS
29 April 2010


VinaCapital Vietnam Opportunity Fund Limited

VOF invests in ceramics manufacturer Prime Group


VinaCapital Vietnam Opportunity Fund Limited ("VOF" or "the Company") (VOF.L),
an AIM-traded investment company established to target key growth segments
within Vietnam's emerging market, announces today that it has acquired a stake
in Prime Group JSC, Vietnam's leading ceramics manufacturer.
Prime Group JSC, among other holdings, owns eight ceramic tile factories and a
nationwide distribution network resulting in a 30 percent market share. VOF has
invested USD15 million in Prime Group for an equity stake of 7.0 percent. This
represents 1.9 percent of VOF's net asset value at 31 March 2010, making Prime
Group one of the Company's top ten equity holdings.
VinaCapital's investment comes as Prime Group prepares to list its shares
publicly, expected in the third quarter of 2010. Prime Group's 2009 revenue and
earnings were USD123 million and USD16 million, respectively. Prime Group
expects earnings growth of over 30 percent yearly for the next three years, with
a new factory to open in 2011 that will increase ceramics production capacity by
20 percent.
Vietnam is undergoing rapid urbanisation that is seeing a transformation of both
primary and secondary cities and urban areas. The construction materials sector
has been among the fastest growing economic sectors over the past five years, a
trend that is expected to continue.
Andy Ho, VinaCapital's Head of Investment, says: "We believe Prime Group has
solid management and an established reputation in the marketplace. Most
importantly, it can rely on economies of scale to offer the best products at
competitive prices. The construction sector has been boosted by Vietnam's rapid
urbanisation of over 3 percent yearly, which is a long-term trend providing a
solid foundation for Prime Group's future growth."

[roman2325] 29/4/2010 07:50

Main market up again to 542 today - steady march towards 620....

[roman2325] 27/4/2010 11:56

I'm topping up

[dickbush] 27/4/2010 08:37

Main market reached the highest level since the mid-December low.

[dickbush] 23/4/2010 08:06

Vietnam stockmarket within one percent of breaking out on the upside. A very nice looking chart.

Yesterday, Bloomberg reported that "experts" were now suggesting that the Dong could strengthen against the Dollar(after it already has), a total reversal of the general view a few months ago. Based on improving balance of trade, remittances from abroad, and FDI.

[roman2325] 07/4/2010 11:48

Another article on Vietnam why not:

[roman2325] 25/3/2010 11:43

Interesting article:

[dickbush] 09/3/2010 17:55

March 8, 2010
There Are Better Alternatives Than US Stocks

"But eventually if you print money, the purchasing power of money will lose value and what will happen is stocks will adjust on the upside. If you believe in equities, I would rather buy Vietnamese shares than US shares because I can make the case that the economy there will grow much faster than in the United States, from a much lower levels admittedly. Or I would buy Indian, Chinese or Malaysian shares. I think they are better alternative than U.S. stocks."

Marc Faber

[dickbush] 09/3/2010 11:57

Discount currently 40% assuming the fund has performed in line with the market since end-Jan.