March 2019

— 05.04.19

End of March, PYN Elite’s NAV increased 0.3% primarily supported by VEA, TPB and CII while VN-Index increased 1.6% due to contribution from big banks such as VCB, BID and CTG. Our core companies continue to be attractively priced at…

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February 2019

— 07.03.19

In February, VNIndex rose 6.0%, mainly supported by foreign inflow. The stronger foreign inflow has been sustained after the January 30 press conference of FED chairman and release of FED minutes 3 weeks later elaborating the dovish message on rate…

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January 2019

— 13.02.19

In January, VNIndex recovered slightly to 910.7, up 2% MoM as supported by 4Q corporate earnings. Tradingvolume saw a significant drop as investors were heading to a long break during the Lunar New Year. PYN Elite NAV went down 2.2%…

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December 2018

— 02.01.19

Vietnam’s economy ended 2018 on a positive slew of superlatives. 2018 GDP growth reached 7.08%, the highest in 11 years and exceeding the government’s target. PMI in Dec as well as the average PMI of 2018 was 53.8, the highest…

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November 2018

— 03.12.18

By end Nov, VN Index has lost -23% from its peak in April, while PYN Elite has declined -16%. Bank Sector has lost on average -35% from its peak. The underperformance was mainly due to the credit growth had been…

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October 2018

— 01.11.18

In October, the global stock markets continued to face with turbulence and strong sell-offs in the Chinese and US exchanges. Vietnam’s stock market was not immune to volatility, VNIndex lost 10.1% MoM, a bit less than its sharp drop of…

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