RCS - VietNam Holding Ltd - Update research from QuotedData

VietNam HoldingAnnouncement

13/06/2024 07:00

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RNS Number : 2169S  VietNam Holding Limited  13 June 2024

Vietnam Holding Limited - Update from QuotedData

12(th) June 2024

Stellar performance with plenty of potential

Vietnam Holding (VNH) has provided strong absolute and relative returns during
the last 12 months, expanding its record of outperformance of both peers and
relevant benchmarks.

The introduction of a share redemption opportunity at net asset value (NAV)
less associated costs (the first of which is on 30 September this year - see
page 21) has significantly narrowed VNH's share price discount to NAV so that
a 25.7% NAV return translated into a 48.2% share price return over the
12-month period ended 31 May 2024.

However, with strong growth drivers still in place (see page 5) and attractive
valuations, there could be lots more to come. We think that as current
headwinds abate and become supportive tailwinds, VNH could shift to trade at a
premium to NAV and be in a position to issue stock, with the benefits of
increased efficiency (this should put downward pressure on its ongoing charges
ratio) and liquidity that would bring.Full Research:

https://quoteddata.com/research/vietnam-holding-limited-stellar-performance-with-plenty-of-potential-qd/
(https://quoteddata.com/research/vietnam-holding-limited-stellar-performance-with-plenty-of-potential-qd/)

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