Estimated Daily Net Asset Value

RNS Number : 2692L

VietNam Holding Limited

12 May 2022

 

For immediate release

VietNam Holding Limited ("VNH" or the "Company")

Estimated Daily Net Asset Value (NAV)

After two days of gains, Vietnam's equity markets declined sharply today, as continued global fears of economic slowdown and persistent inflation led to a further selloff in global equity markets. Local investors have been rebalancing their portfolios in the face of recent sudden market corrections, to mitigate further downside risk and avoid margin calls. The Vietnam All Share Index (VNAS) declined by 5.6% while the estimated daily NAV per share of the Fund also decreased by 5.6%.

The Company announces that, at its close of business on 12 May 2022 its Estimated NAV was USD 130.8 million or USD 4.445 per share and GBP 107.2 million or GBP 3.643 per share (GBP/USD = 1.2200).

Change in position as at 12 May 2022:

	NAV per share (USD)	Vietnam All Share Index (USD)
Daily	-5.6%	-5.6%
Calendar month-to-date	-11.2%	-11.4%
Calendar year-to-date	-15.3%	-20.7%
1-year	10.5%	-3.3%
3-year CAGR	18.6%	14.0%
5-year CAGR	9.2%	11.8%
10-year CAGR	12.4%	8.7%

Daily performance is calculated by reference to the previous day NAV/share and VNAS (Vietnam All Share Index). Calendar month-to-date performance is calculated by reference to NAV/share and VNAS as at 29 Apr 2022. Calendar year-to-date performance is calculated by reference to NAV/share and VNAS at the previous calendar year end (31 Dec 2021). 1-year performance is calculated by reference to NAV/share and VNAS as at 12 May 2021. 3-year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 12 May 2019. 5-year CAGR is calculated by reference to NAV/share and VNAS as at 12 May 2017. 10-year CAGR is calculated by reference to NAV/share and VNAS as at 12 May 2012. VNAS is sourced from Bloomberg, which uses back-tested positions for VNAS for before 27 Jan 2014 as released by HoSE (Ho Chi Minh City Stock Exchange).

The Estimated Daily NAV stated in this announcement is based on estimated valuations and accordingly the Company accepts no responsibility for the accuracy of the Estimated Daily NAV figure given, and neither is any responsibility implied. The actual month end NAV in any month may vary from the Estimated Daily NAV provided in the relevant month. Accordingly, no reliance should be placed on the Estimated Daily NAV and it has been provided for indicative purposes only.

More information on the Company is available at www.vietnamholding.com

Craig Martin

[e-mail]

Tel.: [phone]

Dynam Capital Limited
https://www.dynamcapital.com

 

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