Vinacapital Vietnam Oppo... Share Discussion Threads

[dickbush] 09/9/2022 13:52

Hoa Phat raising prices after an extended period of lowering them. Shares up 3% today.

[dickbush] 01/8/2022 09:13

Sunday Times recommending VOF and VEIL. That probably explains their performance on Friday. The market today took care of those moves and a bit more today. Hoa Phat, its largest holding until its collapse, was up 6% today despite a continuing deterioration in its steel business.

[dickbush] 29/7/2022 09:08

Dollar Index appears to have peaked out after the US GDP figures. I notice, though, that Sterling's increase against Dollar is less than the fall in that Index. I expect the UK's economic figures to keep that trend going if not decline absolutely.

[dickbush] 23/7/2022 10:32

A big drop in the discount over the past two days to circa 14%, narrower than that for VEIL which is unusual. I don't have the foggiest idea why but I hope it stays here. All we need now is the Vietnam market to make some serious progress back to its high.

[ttg100] 04/7/2022 11:39

Bought a few back in again

[bandit99] 01/6/2022 13:55

Dung by name dung by nature?

[dickbush] 20/5/2022 09:19

HANOI : Vietnam has fired the chairman of its State Securities Commission, the Ministry of Finance said on Friday, as the country intensifies a crackdown on graft.

Tran Van Dung, 57, was sacked for "having committed serious violations and wrongdoings", the ministry said in a statement, without elaborating.

Dung did not respond to requests for comment.

The Southeast Asian country in March called for the anti-corruption drive to be stepped up, with a focus on financial markets.

A series of high-profile corporate arrests on accusations of market manipulation has triggered a $40 billion wipeout for Vietnamese stocks and rattled investor confidence in the fast-growing economy.

Earlier this week, the director general of the Hochiminh Stock Exchange was expelled from the Communist Party of Vietnam and authorities issued warnings to several other stock market officials for "violations."

The Vietnam market was always going to be affected by the decline on Wall Street and this domestic issue has added further to the decline in local investor confidence in the short run. However, reducing corruption in the financial markets will be a plus in MSCI's consideration of Vietnam's inclusion in its Emerging Market's Index. Also, as Vietnam's second biggest export market, China's massive stimulus package should add to Vietnam's growth rate later this year.

[thamestrader] 11/5/2022 10:31

Am I right in thinking there's a divi due about now? Yesterday to be precise. Haven't seen it yet in my ii account.

EDIT finally paid in today.

[dickbush] 09/5/2022 12:38

I've read that 95% of trading is done by locals. I suspect that the concept of long term value isn't included in their books on trading. Just buy when the market's going up and sell when the market's going down. The market was absolutely trashed today after a bad Friday. No fundamental reason beyond a report suggesting inflation will be above the government's target for 2022 and growth will be below. That's a surprise?

[dickbush] 18/4/2022 11:57

Vietnam has historic links with Russia. It was Vietnam's backer in the war with the US. As a one party state it has more in common with Russia. However, based on the respective trade flows, the US and Europe are becoming increasingly important.

The market closed down 1.78% today despite very low infections and deaths reported yesterday. Foreigners were net buyers.

[my retirement fund] 13/4/2022 12:24

Wouldn't touch India with a barge pole, too corrupt, always has been probably always will be.

Vietnam, I noted they voted against ejecting Russia from the UN human rights council the other day, so lets be under no illusion they could just as easily become our enemy as Russia have become.

[shaker44] 13/4/2022 11:48

I think only vnh have bought back from shareholders-at close to nav.

[hpcg] 13/4/2022 11:01

I buy both VEIL and VOF as their holdings are complimentary. All of them are buying back I think. No idea why they trade at a discount when every Chinese city lockdown is another company that builds out in Vietnam.

[brucie5] 13/4/2022 10:53

Good summation. In a different market, IGC might also be worth a look. Another big discount. Vietnam and India could offer good diversification at this point.

[my retirement fund] 13/4/2022 10:07

VOF seems to have the best discount 18.5% and even pays a small dividend so guess that looks the best upon a quick eyelash.

VEIL at 18% and no dividend looks slightly more expensive.

VNH on 13% discount seems to have been supported by buy backs then which cannot go on for ever, so longer term not as attractive.

Did I miss anything ?

[shaker44] 13/4/2022 04:06

Vnh-for buy backs, and different holdings

[johnwig] 12/4/2022 22:57

I hold both and I'm equally happy with both!

[exotic] 12/4/2022 22:57

VOF, VEIL or VNH... I mainly go for whichever has the greater discount to NAV at the time of purchase.

[brucie5] 12/4/2022 19:43

VOF.
Though I hold neither.

[my retirement fund] 12/4/2022 15:21

VEIL or VOF ?

[dickbush] 04/4/2022 10:10

Despite the difference between the official number of daily infections and the day to day totals, there does seem to be a definite downtrend. Reported deaths are very low.

[thamestrader] 23/3/2022 21:27

Makes comfortable reading.

[31337 c0d3r] 23/3/2022 11:50

VOF's latest report just published: