Monthly Investor Report

RNS Number : 9938F

VietNam Holding Limited

23 May 2017

 

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

Monthly Investor Report

A report detailing the activities of the Company for the month of April 2017 has been issued by VietNam Holding Asset Management Limited, the investment manager of the Company. Electronic copies of the report have been made available to shareholders on the Company's website at http://www.vietnamholding.com/publications/investor-reports and a summary of the report is included below.

Investor Report Summary

The first "down" month of the year is to be welcomed, in that it was a very modest down - of under half a percent off the Vietnam All Share (total return) Index to 724.7 - and also in that healthy bull markets need regular pauses in order not to stir up trouble down the road. Now that VNAS total return data are available, we will in future refer to these as our chief comparator - total return figures provide a stiffer bar to beat, but are the correct one, since VNH reinvests dividends rather than pays them out. With the index up 18% in local terms (16% in dollars) over the past 12 months, and 11% thus far in 2017 (same in dollars), Vietnam's bull market has been reliably chugging on. VNH's NAV per share rose 0.4% in the month of April to USD 2.827, making the 12-month and 2017-to-date appreciation 20.6% and 6.7% respectively.

For more information please contact:

VietNam Holding Asset Management Limited
Investor Relations Jay Vontobel [e-mail] www.vietnamholding.com
Smith & Williamson Corporate Finance Limited Nominated Adviser	Tel: [phone]
Azhic Basirov / Ben Jeynes
Winterflood Investment Trusts Broker	Tel: [phone]
Joe Winkley / Neil Langford
Buchanan Communications Financial Public Relations	Tel: [phone]
Charles Ryland / Vicky Hayns

 

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