Petri Deryng

Petri Deryng

Portfolio Manager and Board Member, born 1961. Petri is the founder of PYN Fund Management. He has been a portfolio manager for the PYN Elite Fund since its inceptionmagazine in 1999. Petri has been quoted among the most successful portfolio managers in Finland and Europe. By Citywire, Morningstar and Arvopaperi Magazine. He has 30 years of experience in visionary and successful equity investing. Prior to starting as a full-time portfolio manager, Petri worked as an entrepreneur in the media industry in radio and television program productions. Petri is a graduate of economics. Petri has been living in Asia for a long time on the target markets for PYN Elite investments. In addition to investment, important things in his life are family, sea and fishing, as well as skiing, walking and cycling.

CTG-bank’s earnings up 43 %

PYN Elite’s portfolios’ biggest position CTG reported preliminary information on 2020 results last Wednesday. Bank’s earnings were up 43 % which was even more than our expectations. News certainly landed on the market as a big surprise. CTG had been…

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Vietnam trades still at very attractive levels

PYN Elite’s performance has got a welcomed push towards the end of the year. But let’s keep in mind, that since the last peak of the Vietnam market in April 2018, VN-Index has been a poor performer. Likewise the returns…

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PYN Elite portfolio manager’s Q&A: Are the Vietnamese stocks already too high?

It is time for the last Investor Letter of the year. Portfolio Manager Petri Deryng has lot of questions to go through, starting from this: Has the surge in prices seen this past autumn pushed Vietnamese stocks too high? “The…

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Seven reasons to subscribe PYN Elite right now

Vietnamese companies had a good earnings growth momentum and the year 2020 was ripe for an excellent market performance. After a strong start in January, we witnessed in the spring huge outflows by foreign investors because of Covid-19. The good…

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Portfolio manager puts fresh money in PYN Elite

I ended up putting more personal money into PYN Elite fund in the last week subscription. In these last few weeks I have followed very closely companies Q3-reportings of our top holdings and their confident guidance for the last quarter…

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Vietnam stock market trades at attractive levels

After couple of years of sluggish performance, the Vietnamese stock market was ripe for a big year in January 2020.But it all turned upside down. In the beginning of the year the market was trading at 960 index level. By…

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In Vietnam we trust – PYN Elite’s new presentation

In this presentation you will find our top holdings and our view on Vietnam’s economy. Vietnam’s GDP is expected to continue at an excellent annual growth rate of 6%-7% for the next ten years. In 2020 the country’s economy will…

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Vietnamese banks are making profit despite the pandemic

At the moment Vietnamese banks account for a total of 32,5 percent of PYN Elite’s portfolio. Our top picks are HDB, CTG, and TPB. We increased our weighting in banks already before the corona crisis due to banks’ importance for…

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Over-reaction of the Vietnamese stock market to new COVID cases

The Vietnamese stock market has reacted fiercely to the country’s new COVID-19 infections. There have been no new locally acquired infections in the country for three months and all possible cases of infection from abroad have first been subject to…

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Investor Letter 2/2020

The VN index return was –13.4% this year on the date of this letter. PYN Elite’s value has also declined by roughly 8% YTD. Events in financial markets has been exciting this spring. The dramatic fluctuating upward and downward days…

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