Vinacapital Vietnam Oppo... Share Discussion Threads

[hydrogen economy] 06/7/2021 12:55

Unclear what caused VNI drop, after the great run, a bit of consolidation shouldn't be a big surprise.

With CV case numbers rising to 1102 yesterday, 641 in HCMC there is speculation that the social distancing rules in HCMC may be tightened to a full lockdown, Delta variant is proving tough to control. Most companies are continuing to operate fairly normally since distancing was announced at the end of May but a lockdown would be tougher. There have been a number of outbreaks at big industrial sites which will be impacting output, other districts in the south have growing case numbers.

Vaccinations are being distributed as soon as they arrive but deliveries are really slow, only 4m so far giving only 2% coverage. The good record so far of CV control seems to have put VN at the back of the vaccine queue.

[arja] 06/7/2021 09:17

vietnam indices suddenly hit this morning and down about 4% but no reaction yet at VOF or VEIL "!

[exotic] 05/7/2021 13:45

City of London Investment Management Company Ltd holding has gone above 10% as of Friday 25th June.

[hpcg] 01/7/2021 10:18

Share buy backs adding immense alpha, and more than supporting the share price.

[digitaria] 30/6/2021 11:04

It has jumped up a little this morning, but it's still at > 17% discount to NAV.

[shaker44] 30/6/2021 09:58

Top sliced VOF again at 475.6p.looks a bit toppy now. Will reinvest in VEIL at next pull-back. Huge discount not warranted by recent performance in my view but we shall see.

[arja] 30/6/2021 09:39

the only concern is the communist government in 21st century but I think it is not anti business and obviously a capitalist economy .

[shaker44] 29/6/2021 07:31

And the job of the fund managers is to pick winners who outperform gdp. I am considering adding VEIL to my VNH and VOF but still have some work to do to decide

[dpmcq] 29/6/2021 07:20

Vietnam's gross domestic product advanced by 6.61 percent year-on-year in the second quarter of 2021, accelerating from an upwardly revised 4.65 percent growth in the previous period, the strongest growth since the fourth quarter 2019, as the economy gradually returned to normal conditions, after loosening the lockdown measures to contain the spread of the coronavirus and a low base effect, the preliminary estimate showed. The expansion was driven mainly by agriculture, forestry and fisheries (4.11 percent); industry and construction (10.28 percent), and service sector (4.30 percent). Considering the first half of the year, the economy expanded by 5.64 percent from a year earlier. For 2021, the government is targeting economic growth at 6.5 percent.

[amt] 29/6/2021 06:51

I dont think anyone can have any complaints about the share price performance.
I am taking a ten year view with the hope of a ten fold gain.
Remember EPS of Vietnam companies are likely to rise something like 40% this year and after that why not 20% per annum.
Plus a rerating at some point.

[arja] 29/6/2021 06:46

yes , I admit I am a trader nowadays as was never good at cutting losses and monitoring an investment closely . trading using CFDs or spreadbets forces me to be more disciplined . Of course trading cab mean holding for a little while but financing charges are a pain especially when IG and such providers charge interest rate well above the very low market rate . Anyway , good luck to all you long term holders.

[shaker44] 29/6/2021 03:17

Contact2: great rise. That % can be misunderstood. In about that period I am up from 144p to 468p so also very happy with this investment. If only all were like this!

[kenmitch] 28/6/2021 19:52

It might well have been Merry Somerset Webb who also persuaded me years ago. I also had great gains from 2 sets of Vietnam Holdings warrants. Unlike you I can’t remember the overall gains but one set of warrants alone multi bagged. And since then excellent share price performance from both VNH and VOF. I’ve never held VEIL.

And though the easy gains have been had, there could well be a lot more to come. For starters that both VOF and VNH are on such large discounts when discounts elsewhere have narrowed a lot makes no sense at all for such excellent performing Trusts.

[contact2fsnetcouk] 28/6/2021 17:25

Great return for me Ken, 168% from July 2015, plus decent divs. Thank you Merryn Somerset Webb.

[kenmitch] 28/6/2021 16:53

It’s more likely too many UK investors who trade Investment Trusts still not realising the many Vietnam plus points. Those who realised years ago have had a great return from all 3 Vietnam Investment Trusts and there could well be a lot more to come. But Investment Trusts like VOF are not really suited to quick in and out traders.

[arja] 28/6/2021 16:25

of course I meant disappointing today and in recent days where it has not moved higher and I assume discount might never get much smaller because of sovereign risk of investing in Vietnam . However , Chinese Trusts only have small discount to NAV .

[kenmitch] 28/6/2021 14:23

Disappointing performance?????

It isn’t. 1 year share price gain is about 44% and similar to equally successful Vietnam Holdings Trust also on an extraordinary 19% discount to NAV.

VOF is at a near 18% discount to NAV. It’s good value and such a large discount for such successful Trusts is remarkable.

Obviously if a market suddenly tanks, so will the Investment Trusts investing there.

[arja] 28/6/2021 12:05

so disappointing performance . Vietnam indices at all time high and sterling weaker but VOF can not even hold 470 level ! Patience needed I guess but what would happen in vietnam market suddenly tanked !

[digitaria] 28/6/2021 11:19

Yes - and the market continues to rise. I have topped up.

[dickbush] 28/6/2021 11:09

Assuming in-line performance with the market since Thursday, VOF is at an 18.7% discount.

[arja] 23/6/2021 15:17

break the all time high and about time as so slow moving ! Frustrating that such a big discount to NAV but unlikely to narrow any time soon.

[arja] 23/6/2021 15:16

might be about to br

[arja] 18/6/2021 08:27

sprung to life today and weaker cable must surely help it a bit more ! nice weekend all !

[arja] 17/6/2021 08:44

up a touch today and hope they keep buying. it is a bit odd that such a wide discount but maybe concern about cable .