Vinacapital Vietnam Oppo... Share Discussion Threads

[amt] 14/4/2021 06:45

OK then Andy. Are you positive or negative on the future of VOF. In a year from now do you think it will be higher than 4.50 or lower?

[andyj] 13/4/2021 11:24

Yes and clearly you have not tried investing in it....

[andyj] 13/4/2021 11:23

Actually if you care to read I have given a reasoned explanation of the risks. Your claim of being 'very negative' suggests you either do not understand that, or are unable to form a coherent response. Except of course for your claim that the rise is 'correct'. Based on....?

[hpcg] 13/4/2021 10:34

There already is a Vietnam ETF, Van Eck's VNM, It has a $500m market cap. Van Eck are best known for SMH but they cover a wide range of more obscure assets including single country EM and FM ETFs, such as for Israel, Egypt, Indonesia. With the foreign holding limitation it would be difficult to start another one until the market was much larger and broader.

[amt] 13/4/2021 04:25

andyj has been very negative on Vietnam Market for sometime. That turned out to be a mistake given the continued strong rises which in my opinion are fully justified.
I find his latest argument about reclassification to emerging market status as a negative totally bizarre.
I remain convinced of the investment case for VOF and indeed Veil.

[hpcg] 12/4/2021 11:14

Excellent monthly report for March. Liked: "The government’s target of 6.5% annual GDP growth seems achievable and our Chief Economist discusses in more detail below the resilience of this growth, with consensus estimates for the market to deliver 24% earnings growth on average for 2021, while we expect holdings in our portfolio to deliver 36% earnings growth on average."

A FTSE100 tracker is many times the risk of a diversified Vietnamese portfolio, especially one with fingers in the private market.

[andyj] 10/4/2021 10:50

Dilute, as in offer those wanting to invest here more options than the three options, VOF, VEIL and VNH currently available.

[donald pond] 10/4/2021 10:26

I'm not sure this makes any sense: Some are invested in the hope of Vietnam achieving emerging market status. Yet they forget that will dilute investment here by opening up ETFs and rival funds investing in companies that really do have a bright future. If there are more ways to invest in Vietnam it won't "dilute investment here" as this is a closed ended vehicle. If there are ETFs etc launched that will increase demand for Vietnam stocks. And ETFs are passive generally so will invest in all stocks, not just those with a bright future.

[kenmitch] 10/4/2021 09:46

andyj

I forgot to remind that the fact that you don’t currently hold VOF does not mean you can't talk to them. You can point out that you’ve held in the past and want to question before considering whether to again.

Talk about pots and kettles with shaker44! He can’t possibly know about my investment success or otherwise, nor whether after 40 years investing I’m naive or not. Aren’t there some clowns around on some of the ADVFN bulletin boards.

[shaker44] 10/4/2021 03:39

Kenmitch. Another idiot filtered. Very naive

[andyj] 09/4/2021 15:24

Hi kenmitch, I have previously considered calling in on them as their office, in the Sunwah Tower, is very close to me, but I am not currently invested. I have always said a long term investment in the country is a good option at the right time, but VOF is benefiting from being one of very few choices for foreign investment here. I would invest unwaveringly in an ETF, although perhaps not at the moment.I respect your opinion and wish you luck with your investment here.

[shaker44] 09/4/2021 13:23

People who only ever post pessimistic stuff, even when overtaken by positive outcomes, are not worth my time. Hence Andy is filtered long since.
If you see value then I am happy for you.
Living in UK doesn't make anyone a ftse expert does it? Same vietnam.

[kenmitch] 09/4/2021 12:36

andyj

You’ve made some interesting observations. What's difficult to grasp is how your comments contrast so sharply to the bullish updates from the 3 Vietnam Investment Trusts. Are they really pulling the wool over investors eyes? In my long experience with Investment Trust Manager comment about how the economy is performing in their Country, along with comment about possible worries about how those would affect the holdings in their Portfolios, is that they do address such concerns.

Have you thought of raising your points directly with VOF? They might reassure or cause you to be even more convinced that there are potential big concerns ahead.

The Vietnam PE index is around 20. Certainly not cheap now but 20 is not bubble territory. And both VOF and VNH are still trading at discounts. Again not bubble ratings.

btw I can’t see why anybody down ticks your post. Your case is well argued and we’re all entitled to express our opinions. The idiots are the ones who are not prepared to look at both sides of the investment case and not the people who take time to post in detail.

I hold VOF and VNH and have done well with both and VNH warrants in the past.

[shaker44] 09/4/2021 08:41

Topsliced-good price. Reinvested VNH at deeper discount

[hydrogen economy] 09/4/2021 08:23

VOF XD yesterday, payment up from 5.5c last year to 6c, payable on 4th May.

[digitaria] 08/4/2021 16:19

Nothing wrong with a bearish stance or a dissenting view.

OTOH, the fund is priced at 11% discount to published NAV, so is that insufficient discount or are the underlying shares overpriced?

[andyj] 08/4/2021 15:51

What I actually said was I would not be buying at this price, or indeed anywhere near it. That is very different from 'waiting to buy cheaper'.

[exotic] 08/4/2021 13:54

He previously admitted he's waiting to buy shares cheaper. Hence nothing but doom and gloom will be posted.

[andyj] 08/4/2021 11:12

Well, it has increased four fold in the last 17 years. Good try at keeping the greater fool theory going though. Just don't look at the storm clouds on the horizon...