Investor Letters
Investor Letter 4/2019
During the last three years, PYN Elite showed excellent performance compared with the VN Index for the first 10 months, outperforming the index return by roughly 100%, but for the last two years after that, the index return has outperformed…
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Vietnam Solid Data, No Tense, No Jittery • PYN Elite’s key holdings (82% of the portfolio) valued at P/E 7.1 for 2021. • Vietnam has the highest number of free trade agreements. • Vietnam’s official GDP adjustment will result in…
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In the middle of the holiday season, perhaps these investment related questions occupy the vacationer: what could kick start a new substantial performance for PYN Elite’s value? When can we expect the VN Index to bolt up to new levels?…
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Portfolio Manager Deryng’s Investor Letter in December 2018, commenting on key investments and discussing the significance of the stock market decline in the end of the year.
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Portfolio Manager Petri Deryng’s Investor Letter in October 2018, which looks at the prospects of key portfolio companies in PYN Elite and draws conclusions from the last five stock market crashes.
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Portfolio Manager Petri Deryng’s Investor Letter in July 2018, reviewing the fall of Vietnam’s stock market and PYN Elite from their peak in the spring.
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Portfolio Manager Petri Deryng’s Investor Letter in March 2018 reviewing recent developments in the Vietnamese stock market compared to Thailand and the investment strategy of PYN Elite.
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