The situation in the Persian Gulf is particularly serious for Asian economies, as they import most of their crude oil from the Middle East. However, we believe that political pressure
The new target for the VN Index is 3,200 points. Vietnam’s fresh leadership is pursuing even stronger economic growth, supported by substantial public spending. Several mega-scale infrastructure and development projects
It has been a rewarding yet challenging year for the Vietnamese equities. To get a better idea of the situation, one can look at what has happened to FPT, which
The key message of this Investor letter is the composition of the PYN Elite portfolio. The portfolio has been tactically positioned toward banks, brokerages, and aviation. It includes interesting ideas
The key message of our Investor letter is as follows: Vietnam’s political and economic future is exceptionally bright, and the country is heading toward success with strong foundations. Given these
PYN Elite has delivered an 18% return in 2024, outperforming the VN-Index. However, in our expectations, we would have assumed much more robust market performance for Vietnamese stocks – and