Estimated Daily Net Asset Value

RNS Number : 1858U

VietNam Holding Limited

27 July 2020

 

For immediate release

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

Estimated Daily Net Asset Value (NAV)

The Vietnam All Share Index dropped sharply by 5.4% on 27 July 2020 due to rising fears of further Covid-19 infections in Danang (the country's fourth largest city, and a popular tourist destination) after officials confirm four new infections in the community from Friday 24th to Monday 27^th - these are the first community spread cases in almost 100 days. VNH's NAV declined by 4.9%."

The Company announces that, at its close of business on 27 Jul 2020 its Estimated NAV was USD 112.3 million or USD 2.211 per share and GBP 87.5 million or GBP 1.723 per share (GBP/USD = 1.2832).

Change in position as at 27 Jul 2020:

	NAV per share (USD)	Vietnam All Share Index (USD)
Daily	-4.9%	-5.4%
Calendar month-to-date	-4.2%	-5.2%
Calendar year-to-date	-20.3%	-16.3%
5-year CAGR	0.2%	1.7%
10-year CAGR	4.6%	1.6%

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 30 Jun 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 27 Jul 2015. 10-year CAGR is calculated by reference to NAV/share and VNAS as at 27 Jul 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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