Update research from QuotedData
Vietnam Holding Limited - Update research from QuotedData
15th December 2022
A real growth story that remains intact
Despite having coped well with COVID and offering very strong growth prospects over the next five years (see page 6), the Vietnamese stock market has been weighed down by severe negative sentiment towards Asia in recent months. This is likely a function of lockdowns in China, slowing global economic growth and rising interest rates in the West.
Vietnam Holding (VNH) has outperformed local market indices by good margins. Nevertheless, it has lost value during the last twelve months and, reflecting this, its share price discount to net asset value (NAV) has widened. This could represent a significant opportunity. The Vietnamese market is cheap versus both global and emerging Asian peers. It could see a significant rerating as growth comes through, with the potential for a narrower discount on VNH too.
Full research:
https://quoteddata.com/research/vietnam-holding-limited-real-growth-story-remains-intact-qd/
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