Vinacapital Vietnam Oppo... Share Discussion Threads

[amt] 14/10/2021 20:40

Like every country in the world.
Market pe of 16 looks too cheap for the fastest growing economy in the world.

[aishah] 14/10/2021 08:42

Ho Chi Minh City is struggling with a shortage of workers following the easing of Covid-19 lockdown measures, endangering efforts to restart the country’s export-led economy after a record third-quarter drop in gross domestic product.

[shaker44] 12/10/2021 10:57

Nice blue spot in a sea of red. Going great guns, along with vnh

[essentialinvestor] 12/10/2021 10:10

ken, I meant from a NAV accretive perspective re buying back on such a large discount.

[kenmitch] 11/10/2021 17:19

Buying back shares will either reduce the discount temporarily or not at all.

The reason the Vietnam Trusts continue to trade at a big discounts is continuing lack of awareness by so many UK investors big and small of the huge investment opportunity Vietnam is and has been for a good while. If that ever changes the 3 Vietnam Trusts will see their discounts reduce or even go to a premium.

Meanwhile for those of us who have woken up, all 3 Vietnam Investment Trusts are great places to invest, with arguably right now VOF the best of the 3 because of recent underperformance compared with VEIL and VNH which is partly because of the number of private Companies held by VOF and the widening discount. VOF in particular looks a screaming buy imo.

[exotic] 11/10/2021 15:55

Covid continues to decline well, vaccine rollout has geared up (43m doses given / 98m population) and Vietnam markets in general look set to get back to the stellar growth seen prior. VN Index up 1.56% last night, a new 3-month high, and on a trajectory to start setting new all-time highs again.

Just topped up here, since it has the biggest discount - by far - of the 3 Vietnam funds.

[essentialinvestor] 11/10/2021 14:59

* given Monday's gains on the Vietnam market NAV discount around 24%.

[essentialinvestor] 11/10/2021 14:04

Must be a 23% plus NAV discount now?.

They arguably should be buying back shares hand over fist atm.

[dickbush] 11/10/2021 09:33

Sorry. A duplicate.

[dickbush] 11/10/2021 09:32

FWIW I agree completely. If it was selling at the same discount to NAV as VEIL the shares would be £5. Vietnam's long term prospects looked good even before China made itself deeply unpopular.

[donald pond] 11/10/2021 08:48

I've added this morning, looks like a great short term entry point on a good long term play

[matt123d] 08/10/2021 20:14

This is due some catch up to VEIL

[exotic] 07/10/2021 08:37

VN Index up again today, and closed significantly higher the previous couple of sessions, including the 1.13% rise mentioned above.


Tough measures admittedly, but they really seem to have got a handle on Covid, with cases continuing to decline.

[dickbush] 05/10/2021 09:11

Assuming the fund performed in line with the 1.13% rise today, I make the discount 23.5%. If it was selling at the same discount as VEIL it would be £4.97.

[essentialinvestor] 04/10/2021 08:21

Discount to NAV around 22% now?.

[shaker44] 30/9/2021 11:08

Vnh still on high discount despite recent tender which gave successful shareholders about 30p per share on about half their holding. (bought all mine back right away)

[andyj] 30/9/2021 10:58

Good news, the most severe lockdown in the world is being withdrawn tomorrow and restrictions going forward are minimal. Life and business will quickly bounce back to normal.

[dpmcq] 24/9/2021 15:18

For Information -

As Chinese markets continues their collapse, driven initially by the heavy-handed treatment of technology stocks by the authorities and more recently by a collapse in overleveraged property stocks, investors seeking for better alternatives in Asia should look at Vietnam. VinaCapital Vietnam Opportunities Fund (VOF) is a good way to invest in the market.
Previously regarded as a ‘frontier̵7; market, Vietnam has recently been upgraded to emerging status by MSCI as it treads the same well-worn path to prosperity as other Asian countries like Taiwan and South Korea. Thanks to the pace of technological change, the
transformation of Vietnam from frontier to emerging and ultimately developed market is likely to be much quicker.
Half of the population of 97 million people is under 35 years of age, and as this cohort joins the expanding middle class over the next five to 10 years the
potential for economic growth is vast. The country has attracted strong direct investment from companies in China and around Asia as well as from the US and Europe.
According to the World Bank the economy is expected to grow by 4.8% this year, although this is two percentage points lower than originally estimated as government measures to contain Covid have hit consumer spending.
While vaccinations have been accelerated, Vietnam has the strictest lockdown measures
in South East Asia with all nonessential businesses shut in the capital Ho Chi Min City.
This pause in growth, and in the sharp rise of the Vietnamese market since March last year, is an opportunity for investors to get on board before the next leg up in 2022 when the economy is expected to resume its prepandemic growth rate of 7%.
VinaCapital Vietnam Opportunities Fund mainly invests in companies which are geared to domestic growth and the rise of the middle class, for example property companies and consumer goods producers. As well as quoted stocks, the fund is plugged into unlisted companies and private equity opportunities. It has benefited from the move from private to public in various holdings, creating substantial gains.
Shareholders are also getting dividends, with a 2.1% historic yield.
Despite generating more than double the returns of the MSCI
index over the last five years, the shares are trading at a discount of
more than 20% to their net asset value, which is more a reflection
of investor nervousness towards Asia and emerging markets in general rather than a judgement on Vietnam or the fund. The ongoing charge is 1.72%, higher than most global funds and reflecting its specialist skills in finding opportunities in the country.

[essentialinvestor] 24/9/2021 14:57

Article in th today's FT - some manufacturing companies warning that unless
Vietnam begin to loosen restrictions they will have to move capacity elsewhere.

More likely a threat expressing frustration than likely action following would expect.

[shaker44] 24/9/2021 14:41

Unless something dramatically bad happens, covid numbers will have zero impact on share price now.

[dickbush] 24/9/2021 13:42

8537 infections today, the lowest number since August 10th.

[robow] 24/9/2021 09:58

Shares magazine has VOF as a Great Ideas tip
'Strong track record and trades on a wide discount which doubles the appeal'

[dickbush] 13/9/2021 15:09

At the current rate of vaccination it will take until the end of the year to give the over-15's a jab. Hopefully, the rate will pick up. The "good" news is that daily infections seem to have peaked. The market will discount ahead at some point.

[shaker44] 08/9/2021 08:58

Vnh nav increasing and discount widened to 17.1%.

[andyj] 08/9/2021 04:27

Ignore the regurgitated propaganda from Hydrogen Economy. Here is the truth of what is really happening here.https://www.aljazeera.com/news/2021/9/7/in-vietnams-covid-epicenter-everyone-is-struggling-to-survive