Estimated Daily Net Asset Value

RNS Number : 1782H

VietNam Holding Limited

23 March 2020

 

For immediate release

VietNam Holding Limited ("VNH" or the "Company")

Estimated Daily Net Asset Value (NAV)

The Fund's NAV per share declined by 6.4% today, and the Vietnam All Share Index fell by 6.4%. Many shares hit their daily down limit under rapid selling pressure from foreign and domestics investors, in the light of starker global news related to the Covid-19 pandemic. The Vietnamese authorities are seeking to impose more drastic measures to prevent the spread of the infection as the number of imported cases has increased swiftly.  Vietnam has confirmed an additional 29 infections over the weekend, mostly imported, bringing the total to 119 cases with no death reported.

The Company announces that, at its close of business on 23 Mar 2020 its Estimated NAV was USD 97.8 million or USD 1.925 per share and GBP 84.3 million or GBP 1.658 per share (GBP/USD = 1.1608).

Change in position as at 23 Mar 2020:

	NAV per share (USD)	Vietnam All Share Index (USD)
Daily	-6.4%	-6.4%
Calendar month-to-date	-23.8%	-24.0%
Calendar year-to-date	-30.6%	-28.9%
5-year CAGR	-1.3%	-0.1%
10-year CAGR	2.9%	-0.5%

Daily performance is calculated by reference to the previous day NAV/share and VNAS (Vietnam All Share Index). Calendar month-to-date performance is calculated by reference to NAV/share and VNAS as at 28 Feb 2020. Calendar year-to-date performance is calculated by reference to NAV/share and VNAS at the previous calendar year end (31 Dec 2019). 5-year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 23 Mar 2015. 10-year CAGR is calculated by reference to NAV/share and VNAS as at 23 Mar 2010. VNAS is sourced from Bloomberg, which uses back-tested positions for VNAS for before 27 Jan 2014 as released by HoSE (Ho Chi Minh City Stock Exchange).

The Estimated Daily NAV stated in this announcement is based on estimated valuations and accordingly the Company accepts no responsibility for the accuracy of the Estimated Daily NAV figure given, and neither is any responsibility implied. The actual month end NAV in any month may vary from the Estimated Daily NAV provided in the relevant month. Accordingly, no reliance should be placed on the Estimated Daily NAV and it has been provided for indicative purposes only.

More information on the Company is available at www.vietnamholding.com  

Craig Martin

[e-mail]

Tel.: [phone]

Dynam Capital Limited
https://www.dynamcapital.com

 

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