Interest rate hikes by the Fed and the ECB are keeping equity investors on edge. The Vietnamese economy and stock markets are bending but will not break. Here are a few highlights from our latest Investor Letter: • Interest rates…
We thought PYN Elite’s previous Investor Letter on March 15 was so good in content, that now we ended up sending it again – with fresh comments. In addition to the letter, a few essential charts from PYN Elite’s Investor…
Greetings from Vietnam, where I have been for two weeks visiting companies in Ho Chi Minh City and Hanoi. I have spent my days meeting numerous CEOs and evenings working on this Investor Letter. We decided to make it this…
We are still excited about the upside potential for the Vietnamese stock market. Here are the keynotes of our new Investor Letter: PYN Elite has performed well, but the big-cap companies are lagging. Strong earnings growth is expected for the…
In this Investor letter we have few important notes for our positive expectations in the Vietnamese stock market. The earnings growth in the coming years looks very strong and we believe this will be the key driver in the market.…
In this investor letter we are trying to illustrate with few key data series our views of the outlook for Vietnamese stocks and PYN Elite Fund. We hope you will find these charts and tables useful to deepen your understanding,…
My colleagues at PYN recently suggested that I should write a column for an online publication on value investing. This is a topical issue as investors debate the old question of value vs growth. After thinking about it for a…
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…
The momentum of Vietnam’s economy has slowed following the rest of the world, but the country continues along its growth trajectory and the course for this decade has been set. In our latest investor letter, we describe Vietnam’s success story…
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…