RCS - VietNam Holding Ltd - Annual Overview from QuotedData

VietNam HoldingAnnouncement

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RNS Number : 0282H  VietNam Holding Limited  01 May 2025

Vietnam Holding Limited - Annual Overview from QuotedData

1(st) May 2025

Cheap stocks, bold reforms, big ambitions

Vietnam still offers one of the most compelling macro stories across emerging
markets. In the short term, concerns over China, US trade policy and a focus
on large-cap US tech have seen it left behind, but its fundamentals remain
very attractive, and the government is making major structural reforms to
support very ambitious GDP (gross domestic product - a measure of a country's
economic output and health) growth targets.

VNH's portfolio has been repositioned to take advantage of the expected
acceleration in GDP growth, with increased weightings in banking and retail,
for example, which are already paying off. Foreign investor flows have not
suited VNH's portfolio, but VNH's manager sees this as a short-term issue and
observes it is creating opportunities. Ongoing uncertainty around Trump's
tariffs has caused VNH's previously tight discount
(https://quoteddata.com/glossary/discount-to-nav/) to NAV to widen but its
annual redemption facility (a mechanism that allows shareholders to sell back
their shares to the trust at or near NAV
(https://quoteddata.com/glossary/nav/) once a year) and targeted repurchases
should see this narrow again, particularly if Trump is forced to rethink or
Vietnam achieves a better outcome than the very negative case scenario the
market seems to be currently pricing in.

Full Research:

https://quoteddata.com/research/vietnam-holding-limited-cheap-stocks-bold-reforms-big-ambitions-qd/
(https://quoteddata.com/research/vietnam-holding-limited-cheap-stocks-bold-reforms-big-ambitions-qd/)

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