News

Data indicates very strong growth in 2021

Covid Crisis is still slowing down many economies, but it is likely, that in the year 2021 we will see strong growth globally due to last year’s poor numbers. There is already evidence of the robust growth in Vietnam’s exports…

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PYN Elite NAV daily to your mobile

It is possible to receive PYN Elite NAV daily to your mobile phone as a WhatsApp message. If you wish to use the service, follow this procedure: 1. Add PYN Elite (+358 40 1355 178) to your phone contacts. 2.…

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PYN EIite down 5.4% in January

Vietnam’s stock market had a turbulent month in January when VN Index tumbled -4.28%, after a long rally that brought the Index up close to the peak of 1,200 points. The profit-taking was magnified by panic over margin calls and…

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PYN Elite’s portfolio manager ranked number one by Citywire

British Citywire has ranked PYN Elite’s portfolio manager Petri Deryng as number one among the Emerging Markets Asia -category fund managers. PYN Elite was ranked second in the funds. PYN Elite’s returns were up 43,7% USD in the year 2020.

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Jittery start but the year looks good

Vietnam’s stock market has got to a jittery start for 2021, but it’s all due to the relatively fast move up in less than 10 weeks from 900 points to 1200 level. The year 2021 looks very good for the…

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Profit-taking was exaggerated

The Vietnamese Stock market has started the year 2021 with bullish expectations. Companies’ earnings previews from the last quarter of 2020 have been strong, and the local analysts have confirmed the robust growth estimates for the year 2021. The forecast…

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CTG-bank’s earnings up 43 %

PYN Elite’s portfolios’ biggest position CTG reported preliminary information on 2020 results last Wednesday. Bank’s earnings were up 43 % which was even more than our expectations. News certainly landed on the market as a big surprise. CTG had been…

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PYN Elite up 13.7.% in December

VN index finished an unforgettable year with +14.9% in 2020, higher than most markets except the US. (Nasdaq +44%, S&P 500 +16%, MSCI ex-Japan +13%, Europe STOXX 600 +12%, Helsinki +8%, Thailand -9%). The good performance of Vietnam was underpinned…

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Vietnam trades still at very attractive levels

PYN Elite’s performance has got a welcomed push towards the end of the year. But let’s keep in mind, that since the last peak of the Vietnam market in April 2018, VN-Index has been a poor performer. Likewise the returns…

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PYN Elite portfolio manager’s Q&A: Are the Vietnamese stocks already too high?

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…

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