PYN Elite core holdings include 15 positions representing 94 percent of the portfolio. Half of the core holdings have already published their Q1 results. Airfreight company SCS’s earnings were up only 11 percent, and the company’s business will be returning…
Fitch upgraded Vietnam’s outlook in April from stable to positive. Credit Rating Agency highlighted in the review Vietnam’s ability to sustain high growth and the brisk outlook of the economy. Vietnam’s public debt-to-GDP ratio also stands out, as it reflects…
Vietnam’s stock market has got to a jittery start for 2021, but it’s all due to the relatively fast move up in less than 10 weeks from 900 points to 1200 level. The year 2021 looks very good for the…
The Vietnamese Stock market has started the year 2021 with bullish expectations. Companies’ earnings previews from the last quarter of 2020 have been strong, and the local analysts have confirmed the robust growth estimates for the year 2021. The forecast…
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…
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…
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…
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…
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…
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…