| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 198.90 | -75 |
| Intrinsic value (DCF) | 244.74 | -70 |
| Graham-Dodd Method | 10.30 | -99 |
| Graham Formula | 11.00 | -99 |
Vietnam Enterprise Investments Limited (VEIL) is a leading closed-end equity mutual fund focused on Vietnam's dynamic public equity markets. Managed by Dragon Capital Management Limited, VEIL invests across diversified sectors, targeting value and growth stocks that align with Vietnam's economic growth drivers. The fund emphasizes strong corporate governance and strategic positioning within Vietnam's rapidly expanding economy, benchmarking performance against key indices like the VN Index, MSCI EM Index, and VN30 Index. Established in 1995 and domiciled in the Cayman Islands, VEIL offers investors exposure to Vietnam's high-growth potential through a mix of public equities, private investments, and equity-linked instruments. With a market cap of approximately £974 million, VEIL is a key player in Vietnam's financial services sector, providing a gateway to one of Southeast Asia's most promising emerging markets.
Vietnam Enterprise Investments Limited presents an attractive opportunity for investors seeking exposure to Vietnam's high-growth economy. The fund's focus on value and growth stocks, combined with its alignment with Vietnam's economic drivers, positions it well for long-term capital appreciation. With a beta of 0.436, VEIL offers lower volatility compared to broader emerging markets, making it a relatively stable investment within the high-growth Vietnamese market. The fund's strong net income of £175.6 million and operating cash flow of £127.3 million underscore its robust financial health. However, the lack of dividend payouts may deter income-focused investors. Risks include exposure to Vietnam's regulatory environment and currency fluctuations, but VEIL's strategic focus and experienced management mitigate some of these concerns.
Vietnam Enterprise Investments Limited (VEIL) stands out in the competitive landscape of Vietnam-focused investment funds due to its long-standing presence and deep local expertise. Managed by Dragon Capital, one of Vietnam's most reputable asset managers, VEIL benefits from extensive on-the-ground knowledge and a well-established network. The fund's focus on corporate governance and alignment with Vietnam's growth drivers provides a competitive edge, ensuring a portfolio that is both resilient and high-potential. VEIL's benchmark against the VN Index, MSCI EM Index, and VN30 Index allows for transparent performance evaluation, appealing to institutional and retail investors alike. While VEIL faces competition from other Vietnam-focused funds, its combination of public and private equity investments, along with equity-linked instruments, offers a diversified approach that many peers lack. The fund's zero debt and substantial cash reserves further enhance its stability, making it a preferred choice for investors seeking Vietnam exposure with managed risk.