News

PYN EIite up 12.8% in August 

PYN EIite up 12.8% in August Vietnam stock market recovered well in August, VN Index was up 10.4% thanks to VCB (+8.6%), VNM (+13.1%) and BID (+11.7%). PYN Elite’s NAV increased 12.8% because of CTG (+21.2%), HDB (+18.4%) and MWG…

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Vietnamese banks are making profit despite the pandemic

At the moment Vietnamese banks account for a total of 32,5 percent of PYN Elite’s portfolio. Our top picks are HDB, CTG, and TPB. We increased our weighting in banks already before the corona crisis due to banks’ importance for…

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July 2020

In July, VNIndex went down 3.24% due to 1) The anticipation of 2Q’s poor earnings results and 2) The outbreak of Covid-19 in Danang in late July. VCB, VNM and VJC lost traction the most and trading liquidity decreased sharply…

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Over-reaction of the Vietnamese stock market to new COVID cases

The Vietnamese stock market has reacted fiercely to the country’s new COVID-19 infections. There have been no new locally acquired infections in the country for three months and all possible cases of infection from abroad have first been subject to…

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June 2020

VN INDEX declined -4.6% in the month, driven by large cap such as VIC (-8%) and VCB. PYN Elite is almost flat at -0.5% in the month. Liquidity was strong in 2Q2020 with average daily trading value at $278m (+51%…

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Investor Letter 2/2020

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…

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May 2020

Vietnam stock market continued to recover in May, VN Index was up 12.4% thanks to VCB (+25.3%), VHM (+20.4%) and VNM (+16.2%) while PYN Elite’s NAV increased 7.9% because of VEA (+ 5.8%), TPB (18.7%) and HDB (+17.2%). More than…

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Situation under control

The Vietnam Stock Exchange started in 2020 with an index reading of 960 (A). The Vietnamese economy was having good growth and the earnings expectations of listed companies were rather robust. At the turn of the year, a period of…

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April 2020

The negative impact of Covid-19 deepened in April and as a consequence, many governments worldwide were forced to either lock down their countries or utilize tough social distancing. In the grey picture, Vietnam stood out as a bright spot with…

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VIETNAM ON/OFF

The signals of the COVID-19 epidemic from Vietnam have been encouraging this week. People have been able to return to shopping malls and streets. The virus no longer seems to scare the public. Some schools have reopened this week and…

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