Vietnam finished 2021 as one of the top-performing markets globally with VN-Index +1.3% in Dec and +35.7% YTD. PYN Elite outperformed, with NAV +4.8% MoM and +42.7% YTD. This month, we have fully locked in 438% gain from our CEO…
According to its earning preview of today TPB had an excellent year 2021 despite the ongoing pandemic. ROE 22.61%. TPB’s capital adequacy ratio (CAR) is at 14% which allows the bank to build on future growth (SBV has set a…
We are still excited about the upside potential for the Vietnamese stock market. Here are the keynotes of our new Investor Letter: PYN Elite has performed well, but the big-cap companies are lagging. Strong earnings growth is expected for the…
The NAV of the PYN Elite fund reached 500 euros on 12.11.2021. NAV was 10 euros at the fund inception 22 years ago, meaning that the NAV has by now increased fiftyfold (50x). According to Investment Research Finland, PYN Elite…
The redemption policy of the PYN Elite Fund will change on 1.1.2022. In the future, the redemption request must be submitted in writing to the Fund Manager (PYN Fund Management) at the latest on the 15th day of the month,…
VN Index +2.4% in November. PYN Elite (+7.3%) outperformed the index this month driven by CEO (229,3%). The real estate sector is rallying this year, on both strong housing demand and revaluation of landbank. CEO especially caught market attention, thanks…
PYN Elite’s original VN-Index target of 1800 was set at the time when Vietnam’s foreign reserve looked fragile, and government bond yields were 8%. At present, Vietnam’s foreign reserve has steadily increased, which lowered country risk substantially, and its government…
PYN Elite NAV +6.8% in October, supported by gains in NLG, VHM and TPB. The VN Index rallied past 1,400 to reach a new ATH of 1,444, making Vietnam one of the best-performing markets globally with gains of +7.6% MoM…
Vietnamese companies have started to publish their third-quarter results. So far around ten percent of the listed companies have released their results, and based on these numbers, we can be cautiously satisfied. During the third quarter, the Vietnamese economy was…
Vietnam gives now around 1.5 million vaccinations daily. If it can maintain this pace, Vietnam will have the full coverage rate of 70 % in 46 days, on the 6th of December. The vaccination rate has already reached high levels…