VietNam Holding Limited Monthly Investor Report (6295W)
February 10 2017 - 7:48AM
UK Regulatory
TIDMVNH TIDMVNHW
RNS Number : 6295W
VietNam Holding Limited
10 February 2017
VietNam Holding Limited ("VNH" or the "Company")
Monthly Investor Report
A report detailing the activities of the Company for the month
of January 2017 has been issued by VietNam Holding Asset 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
The new year has started well for the Vietnamese stock market,
with the currency gaining 0.7% against the dollar in January and
the local-currency VNAS up 2.4%; the VNH fund's NAV lagged somewhat
with a 1.4% rise to USD 2.687.
The outlook for 2017 looks good from within, but appreciable
risks from without bear careful watching. Taking the former first,
(a) domestic economic momentum looks strong, with buoyant
double-digit sales and net profit growth forecasts predominant for
the aggregate market; (b) privatisation momentum remains
justifiably hopeful; (c) government finances will if anything
strengthen from here on account of future privatisations; and (d)
there is further evidence that foreign direct investors remain
bullish on the country and its long term progress up the value
curve in manufacturing continues.
As for the latter, (a) Trump's trade policies could yet upset
the apple cart, depending on how much they amount to, and indeed
the early signs are worrying; (b) the course of interest rates is
almost certainly upwards, which logically means the deservance of
lower valuation multiples for equities; and (c) the Vietnamese
market cannot be an unaffected island if global ructions of various
kinds, especially those concerning China, are severe.
For more information please contact:
VietNam Holding Asset Management Tel: +41 43 500
Limited 28 10
Investor Relations
Gyentsen Zatul
investorrelations@vnham.com
www.vietnamholding.com
Smith & Williamson Corporate Tel: +44 20 7131
Finance Limited Nominated 4000
Adviser
Azhic Basirov / Ben Jeynes
Winterflood Investment Trusts Tel: +44 20 3100
Broker 0000
Joe Winkley / Neil Langford
Buchanan Communications Tel: +44 20 7466
Financial Public Relations 5000
Charles Ryland / Vicky Hayns
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKKDQBBKDQBD
(END) Dow Jones Newswires
February 10, 2017 07:48 ET (12:48 GMT)
Vietnam (LSE:VNH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Vietnam (LSE:VNH)
Historical Stock Chart
From Apr 2023 to Apr 2024