Estimated Daily Net Asset Value

RNS Number : 1972N

VietNam Holding Limited

28 January 2021

 

For immediate release

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

Estimated Daily Net Asset Value (NAV)

Today Vietnam reported its first two community cases of COVID-19 in almost two months. The cases appear to be initially localised around the northern city of Hai Duong, about 60km away from Hanoi. The Ministry of Health reported a total of 82 confirmed cases at 2pm today and announced that the northern provinces of Hai Duong and Quang Ninh been placed under lockdown. The stock market reacted negatively to the news, compounding negative early sentiment as a result of overnight falls in many global equity markets. Many stocks hit their daily 7%-down limit. The VNI closed down by 6.6% and the VNAS by 6.6%. As a result, the Fund's estimated NAV per share declined by 6.3%.

The Company announces that, at its close of business on 28 Jan 2021 its Estimated NAV was USD 130.1 million or USD 3.031 per share and GBP 95.3 million or GBP 2.221 per share (GBP/USD = 1.3645).

Change in position as at 28 Jan 2021:

	NAV per share (USD)	Vietnam All Share Index (USD)
Daily	-6.3%	-6.6%
Calendar month-to-date	-5.3%	-5.0%
Calendar year-to-date	-5.3%	-5.0%
5-year CAGR	7.8%	11.5%
10-year CAGR	8.5%	5.5%

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 31 Dec 2020. Calendar year-to-date performance is calculated by reference to NAV/share and VNAS at the previous calendar year end (31 Dec 2020). 5-year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 28 Jan 2016. 10-year CAGR is calculated by reference to NAV/share and VNAS as at 28 Jan 2011. 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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