Monthly Investor Report

RNS Number : 1044B

VietNam Holding Limited

18 September 2018

 

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

Monthly Investor Report

A report detailing the activities of the Company for the month August 2018 has been issued by Dynam Capital 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

A strong month for Vietnam - despite EM woes

Despite the poor performance in Emerging Markets generally in August, Vietnam was a relatively strong and stable market, and as a result, in a period in which the MSCI EM Index fell 2.9%, the Fund's NAV per share increased 3.0%.  The global news continued to be dominated by Trade War and threats of further tariffs on China. Vietnam was identified again as a potential beneficiary of such a trade war. The worry remains, however, that if the Chinese Renminbi is devalued by policy measures during a trade war, the VND would see further weakness.

We think the way to navigate the Vietnam opportunity is through a carefully constructed portfolio of mid-cap growth stocks. The risks in the market need to be rewarded by prospects for growth in underlying earnings and re-ratings.

The focus for the Investment Manager, since taking over the portfolio management in mid-July, has been on rebalancing the portfolio, creating some liquidity to fund the ongoing share buyback mandate, and reviewing potential small and mid-cap opportunities to add to over the next few months.

Dynam is hosting an investor meeting in Ho Chi Minh City, Vietnam on Wednesday 10th October. For details, or to reserve a spot, please contact us.

For more information please contact:

Dynam Capital Management Limited                  

Craig Martin

[phone]

[e-mail]

www.vietnamholding.com

finnCap

Nominated Adviser and Corporate Broker                                          Tel: [phone]      

William Marle / Giles Rolls

 

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