Vinacapital Vietnam Oppo... Share Discussion Threads

[shaker44] 05/11/2021 01:31

Exotice: actually covid is well contained now and cases are very low for a 95m population country. And yes, Vax rates are accelerating.
The bigger challenge may be to staff up factories etc again

[rochefort17300] 04/11/2021 23:20

This morning I listened to the VINA presentation, very professional, Andy Ho is om the ball with his info ,this young nation of 95 million with 60% under 35 have a wish to see their standard of living rise quickly.. The nations reaction to the virus has been draconian with total lockdown in the cities. The aim today is to get the economy up and running again. Their new found friends the UK & USA are shipping large stocks of vaccines out to them. Containment of Chinese expansion in the South China Sea is a priority.
Next year the economy should grow by 7%

[exotic] 04/11/2021 14:43

Any idea what Vietnam plan to do about rising Covid cases? Just live with it and focus on accelerating the vaccine rollout?

[dickbush] 28/10/2021 13:42

Understood, hydrogen.

Infection numbers have stalled after declining substantially but, like almost everywhere else, Vietnam has switched from a target of zero infections to getting the economy up and running again (while they vaccinate a million-plus a day). After the 6% GDP decline in the 3rd qtr, we should see a major snap-back in the 4th qtr. I'm hoping evidence of that will be forthcoming before year-end to give us further upside.

This website is very timely with the data:

[digitaria] 28/10/2021 10:49

VOF seems to have recovered from a period during which its NAV discount was languishing down at almost 25%. Don't understand what happened there, since the other Vietnam trusts seemed to rerate. VOF discount now at 19% or so. Historically, it was more like 15%.

I topped up yesterday, as the market looked buoyant, but this did not seem fully reflected in the share price. Looks good for the medium term.

[hpcg] 27/10/2021 15:53

Excellent monthly update, some good growth documented.

[shaker44] 27/10/2021 10:14

I am in both and hope that vnh may repeat the recent tender exercise, delivering cash back to holders.

[ceaserxzy] 27/10/2021 09:38

This used to trade at a lower discount than vnh but it is now on a much higher discount than vnh. On this basis I have switched out of vnh into vof.

[dickbush] 27/10/2021 09:10

hydrogen, I don't see a new high on the 18th, but we hit a new closing high today at 1423.02. At £5 VOF's discount is circa 19.5%. If it sold at the same discount as VEIL it would be over £5.30.

[hydrogen economy] 19/10/2021 04:40

Good rise in recent weeks, new all time high yesterday. Discount currently still over 20%, but sentiment seems to have shifted so we'll see. Happy to be holding here and VEIL.


© H2 áp phích tuyên truyền

[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.