Estimated Daily Net Asset Value

RNS Number : 9142E

VietNam Holding Limited

12 July 2021

 

For immediate release

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

Estimated Daily Net Asset Value (NAV)

Vietnamese shares fell sharply on Monday on surging coronavirus cases, as increased testing and restrictions are put into place, including enhanced lock-down in Ho Chi Minh City that commenced on Friday 9th July. The Vietnam All Share Index closed the first trading day of the week down 3.6% and the Fund's NAV per share declined by 4.1%.

The Company announces that, at its close of business on 12 Jul 2021 its Estimated NAV was USD 184.4 million or USD 4.334 per share and GBP 132.9 million or GBP 3.123 per share (GBP/USD = 1.3876).

Change in position as at 12 Jul 2021:

	NAV per share (USD)	Vietnam All Share Index (USD)
Daily	-4.1%	-3.6%
Calendar month-to-date	-5.8%	-6.8%
Calendar year-to-date	35.4%	28.9%
3-year CAGR	15.5%	16.7%
5-year CAGR	9.3%	14.4%
10-year CAGR	14.5%	11.6%

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 2021. Calendar year-to-date performance is calculated by reference to NAV/share and VNAS at the previous calendar year end (31 Dec 2020). 3-year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 12 Jul 2018. 5-year CAGR is calculated by reference to NAV/share and VNAS as at 12 Jul 2016. 10-year CAGR is calculated by reference to NAV/share and VNAS as at 12 Jul 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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