Vinacapital Vietnam Oppo... Share Discussion Threads

[dickbush] 14/12/2010 10:45

Thanks, Roman.

Without knowing anything about the property side relative to the equity market, the Fund's NAV is circa $2.52. i.e. 24% discount.

[roman2325] 14/12/2010 07:33

Just seen a statement saying resolutions passed at the Vinaland EGM allowing shareholders to redeem holdings at NAV so should see some development here aswell

[roman2325] 14/12/2010 06:52

For the record:

Assets are held at cost until they receive an "investment license". At that point, and thereafter once a year, each asset is revalued by independent valuation consultants..



Combine this with the uptick in the VN index and we'll see the NAV moving north again

[roman2325] 13/12/2010 16:31

I would have hoped cost aswell although none to sure what the reporting requirements are to be honest - I emailed them on Friday yet have been a bit slack about chasing them up - will give them a shout tomorrow morning and see what they say - could be a nice little lift to the NAV

[dickbush] 13/12/2010 13:11

Good question, Roman. I'd have thought cost. Why not send VinaCapital an email.

A really strong day today, up 3.6%.

Bloomberg: Vietnam stocks surged, lifting the benchmark index by the most since January, after commercial lenders pledged to lower interest rates, prompting speculation corporate borrowing costs will drop.

Vietnam needs to adopt policies to get inflation down to low single didgits. Then short and long rates can fall to the levels that will allow the stockmarket to sell on a much higher valuation. Current environment of strongly rising agricultural prices and a weak currency are very unhelpful.

[roman2325] 10/12/2010 11:53

VN Index is having a good run..

[dickbush] 10/12/2010 11:49

Strong market today suggests that the current NAV is circa $2.45 and the discount is 22%.

[roman2325] 23/11/2010 12:24

I didnt see that - Thanks Molby

[strollingmolby] 23/11/2010 12:16

Foreign investors sniff value in Vietnam


Mentions the discount the Vietnam market is on compared to other Asian markets, and HSBC, VinaCapital, Dragon Capital and PXP Asset Management are seeing a noticeable pick-up in interest from foreign investors

[roman2325] 05/11/2010 11:24

Didn't see this moving quite so quickly..

[roman2325] 04/11/2010 12:42

Yangou - you could well be write about the USD - in fact have hedged out a few dollars over the last couple of days as quite long US assets - pleasing to see VOF getting going despite the VN index less so

[roman2325] 29/10/2010 08:32

Just think QE2 won't be quite as punchy as has been priced in although I wasn't expecting GBP to rally quite so much over the last couple of days. Either way nice to see the share price tick up again today

[yangou] 28/10/2010 22:02

Not so sure about the dollar strengthening though roman2325

[roman2325] 28/10/2010 15:22

I agree with that - easy-pickings for those shareholders who were consulted however this should now attract new interest happy to buy more when funds permit..

[dickbush] 28/10/2010 15:05

Agreed, roman. I'm just a bit annoyed that the discount has closed continuously for a couple of months without any news, which suggests to me that some people knew this was coming.

[roman2325] 28/10/2010 13:49

Very encouraging RNS yesterday - I bought more

Am expecting $2 very soon and a strengthening dollar in the coming weeks should make this even more attractive..

[traderabc] 09/10/2010 10:26

Evaluating Vietnam as a Trade and Investment Destination
Submitted by Keith Rabin on Fri, 8 Oct 2010

Interview with Bradley LaLonde, Co-founder, Partner and CEO, Vietnam Partners, LLC.

Hello Brad, good to see you again. Before we begin can you tell us a bit about your background, how you came to be involved in Vietnam and the work of Vietnam Partners?

I moved to Vietnam in 1994 as CEO of Citbank Vietnam shortly after the trade embargo was lifted and lived there for 5 years. In 1999 I moved back to New York and worked for Citibank for 3 years and then left after a 23 year career to found Vietnam Partners with Jim Lewis, a former Morgan Stanley banker. We started with an office in NY and then expanded to Hanoi and Ho Chi Minh City. Our investments include the first foreign direct investment (FDI) into Vietnam's domestic securities industry consisting of a 10% holding in Saigon Securities, the largest private securities company in Vietnam. We also participated in a number of early privatizations and a joint venture to form a fund management company with the second largest bank in Vietnam.

[gb904150] 14/9/2010 20:00

yes, so VOF is on a 34% discount to NAV.

It has been for quite a long time - one of the reasons I chose to invest here.

Young, educated, low-cost, fast growth economy at a 34% discount to NAV.

As China demands higher wages, Vietnam should benefit from further re-outsourcing.

[enia] 14/9/2010 14:16

did nobody else see this ? 2.3 USdollars !
Net Asset Value



TIDMVOF

RNS Number : 4898S
VinaCapital Vietnam Opp. Fund Ld
10 September 2010

?
RNS
10 September 2010
VinaCapital Vietnam Opportunity Fund Limited (the "Company")
The Company announces that at close of business on 31 August 2010 its unaudited
net asset value per share was USD2.33.


This information is provided by RNS
The company news service from the London Stock Exchange
END

[roman2325] 06/9/2010 13:42

If the market's turning this is obviously the place to be

[roman2325] 23/8/2010 11:00

Didn't see that - thanks

[daz] 23/8/2010 10:06

Got mentioned in David Stevenson's article in the FT over the weekend, which probably explains the buys this morning.

[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?