News
Large cap stocks surged in October
VNIndex + 2.2% in Oct, – 3.7% YTD, while PYN +2.0% in Oct and +4.4% YTD. The index had a strong rally for the first three weeks of October as large cap stocks surged, driven by investors’ anticipation of the…
Portfolio manager puts fresh money in PYN Elite
I ended up putting more personal money into PYN Elite fund in the last week subscription. In these last few weeks I have followed very closely companies Q3-reportings of our top holdings and their confident guidance for the last quarter…
Vietnam stock market trades at attractive levels
After couple of years of sluggish performance, the Vietnamese stock market was ripe for a big year in January 2020.But it all turned upside down. In the beginning of the year the market was trading at 960 index level. By…
PYN EIite up 4,9 percent in September
VN Index +2.7% in Sep, -5.8% YTD; while PYN Elite +4.9% in Sep, and +2.4% YTD. The fund’s outperformance was attribut-ed to overweight on banks: the 7 bank stocks in our portfolio on average rose 12% MoM and 24% YTD.…
New investor letter: Vietnam will continue to grow
The momentum of Vietnam’s economy has slowed following the rest of the world, but the country continues along its growth trajectory and the course for this decade has been set. In our latest investor letter, we describe Vietnam’s success story…
In Vietnam we trust – PYN Elite’s new presentation
In this presentation you will find our top holdings and our view on Vietnam’s economy. Vietnam’s GDP is expected to continue at an excellent annual growth rate of 6%-7% for the next ten years. In 2020 the country’s economy will…
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…
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…
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…