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 time in a Questions and Answers format to address various topics.
Here are the key findings of the letter:
- We can expect Vietnamese companies to deliver a strong earnings year in 2022.
- The turnaround companies and the banks in the PYN Elite portfolio look particularly interesting this year.
- We may see a lot of sudden up and down movements in the stock markets during the year.
Investor letter 1/2022.pdf