VietNam Holding Limited Monthly Investor Report (0803W)
November 09 2017 - 9:13AM
UK Regulatory
TIDMVNH TIDMTTM
RNS Number : 0803W
VietNam Holding Limited
09 November 2017
VietNam Holding Limited ("VNH" or the "Company")
Monthly Investor Report
A report detailing the activities of the Company for the month
of October 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 Vietnam stock market's buoyant performance continued in
October, with the Vietnam All Share Index (the most sensible
benchmark to use given its free-float basis) rising another 2.0% to
801.3 in local currency, amid a continued rock-steady local
currency which shows no signs of coming unhinged to the US dollar.
Year-to-date, the VNAS's dollar return is just a shade under 29%.
This compares to a 22.7% year-to-date return for the MSCI's
frontier markets index, and one of 29.8% for its
emerging-cum-frontier markets index.
Earnings per share growth in Vietnam has been healthily strong
of late. Whereas the five-year historic compound annual EPS growth
rate for the market has been only 8% (VN-Index, Bloomberg data),
for the past 12 months this figure has been a much healthier 17% on
the VNAS, and 27% on the VN-Index. The market consensus is
currently forecasting further double-digit EPS growth over the
coming 12 months, at 11-14%.
For more information please contact:
VietNam Holding Asset Management
Limited
Investor Relations
Jay Vontobel
investorrelations@vnham.com
www.vietnamholding.com
finnCap Nominated Adviser Tel: +44 20 72200500
and Corporate Broker
William Marle / Giles Rolls
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
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