TPB’s net earnings +38%
According to its earning preview of today TPB had an excellent year 2021 despite the ongoing pandemic. ROE 22.61%. TPB’s capital adequacy ratio (CAR) is at 14% which allows the bank to build on future growth (SBV has set a…
Peta’s blog
New VN-Index target at 2500 points
PYN Elite’s original VN-Index target of 1800 was set at the time when Vietnam’s foreign reserve looked fragile, and government bond yields were 8%. At present, Vietnam’s foreign reserve has steadily increased, which lowered country risk substantially, and its government…
Q3 earnings growth might surprise
Vietnamese companies have started to publish their third-quarter results. So far around ten percent of the listed companies have released their results, and based on these numbers, we can be cautiously satisfied. During the third quarter, the Vietnamese economy was…
Vietnam gives 1.5 million vaccinations daily
Vietnam gives now around 1.5 million vaccinations daily. If it can maintain this pace, Vietnam will have the full coverage rate of 70 % in 46 days, on the 6th of December. The vaccination rate has already reached high levels…
Covid turbulence
The Vietnamese stock market has once again taken a few steps back due to news of Covid-19. In about a week, the VN Index has declined five percent. Investors have been frightened because of the increased infections numbers and the…
Ho Chi Minh City closure
The situation with Covid-19 has taken a turn for the worse in Vietnam. The local government of Ho Chi Minh City made a drastic decision: the city was closed, and a two-week curfew took place. Army units were brought into…
Coronavirus causes stock market plunge
Vietnam is being hit hard by the fourth wave of the Covid epidemic. The infection rate has been on the rise since April, and the number of new cases per day has now exceeded 5,000. Until lately, the stock market…
Rising Covid-19 numbers jitter Vietnamese Stock Market
Vietnam’s rapidly rising Covid-19 numbers caused a strong sell-off at the very end of the trading day on Tuesday, with the VN Index dropping about four percent in less than half an hour. Local investors were nervous about the news…
PYN Elite bank stocks on a tailwind
PYN Elite NAV lagged behind VN Index in April, but in May our NAV has again outperformed the index. Our bank stocks have been on a tailwind, and the heavily weighted housing developer Vinhomes has also picked up. Companies in…
This year’s index target at 1,500 points
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…