The strong upward momentum seen in the Vietnamese stock market at the beginning of summer has slowed down a bit. Globally, the uncertainty of investment markets and the economy has also increased. That’s why, instead of the usual portfolio manager’s…
The VN-Index closed August +0.1%. PYN Elite dipped -1.7%, due to VND currency weakening against the USD by -1.6%. Earlier this month, amidst negative headlines about the bankruptcy filing of Chinese real estate giant Evergrande and the volatility of Vinfast’s…
Vietnam’s stock market has gained a positive momentum. On the real economy side, however, there are still headwinds: Vietnamese consumer confidence has experienced a momentary bump, and at the same time, exports have recorded weak numbers. The decisions already implemented…
VN Index soared 9.2% in July and crossed 1200 points for the first time since Sep-22, driven by the broad-based rallies of various sectors. PYN Elite +5.2% MoM, led by VHM, VRE, ACV and MBB. After 4 rounds of policy…
The NAV of PYN Elite has shown positive performance during the current year. The year 2023 began with a NAV value of 395 and the latest figure has exceeded 443. Since the beginning of the year, there has been a…
June passed with numerous events. The reduction of value-added tax (VAT) by 2 percentage points, a 50% lower car registration fee and a new 90-day visa policy were passed to boost the service and manufacturing sectors. The National Assembly also…
Maggie Yi of the PYN Elite portfolio team was interviewed by Antti Järvenpää from Inderes. The discussed topics were among others the market sentiment, the banks in the PYN Elite portfolio and the governments actions to to accelerate the economic…
Several of PYN Elite’s top holdings companies reported very strong earnings for the first quarter, in spite of earnings growth in the stock market being generally subdued. The mall operator VRE was a particularly strong performer. Thanks to several factors,…
VN-Index +2.5% driven by a broad sector recovery. Notably, the small-cap companies outperformed the large-caps, with VN Small-cap Index +9.7%, VN Mid-cap +4.3% while VN30 Index only inched up +1.4%. PYN Elite +1.8% driven by VHM and STB. Following the…
Vietnam’s GDP growth slowed to 3.3% during Q1. The country’s exports have recorded weak numbers since autumn, alike other Asian exporting countries, but the weakness of exports is not the key reason for the slowdown in Vietnam’s GDP growth. In…