| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 289.90 | -24 |
| Intrinsic value (DCF) | 156.90 | -59 |
| Graham-Dodd Method | 7.60 | -98 |
| Graham Formula | n/a |
VietNam Holding Limited (VNH.L) is a closed-end equity mutual fund listed on the London Stock Exchange, specializing in investments in Vietnam's public equity markets. Managed by Vietnam Holding Asset Management Ltd., the fund focuses on growth and value stocks of large-cap companies, particularly State-Owned Enterprises (SOEs) targeted for partial divestment by the Vietnamese government. With a diversified sector approach, VNH.L benchmarks its performance against the Hanoi Securities Transaction Centre and the VN Index. Established in 2006 and domiciled in the Cayman Islands, the fund offers investors exposure to Vietnam's dynamic economy, leveraging opportunities in privatization and market liberalization. As Vietnam continues to emerge as a key player in Southeast Asia's growth story, VNH.L provides a strategic investment vehicle for those seeking access to this high-potential market.
VietNam Holding Limited presents an attractive investment opportunity for those looking to gain exposure to Vietnam's rapidly growing economy. The fund's focus on large-cap stocks, particularly in SOEs undergoing privatization, positions it well to benefit from government-led economic reforms. With a beta of 0.68, the fund exhibits lower volatility compared to broader markets, making it a relatively stable option within emerging market investments. The absence of debt and a solid net income of 26.5 million GBp further underscore its financial health. However, the lack of dividend payouts may deter income-focused investors. Given Vietnam's strong economic growth prospects and increasing foreign investment inflows, VNH.L could appeal to growth-oriented investors seeking diversified exposure to this emerging market.
VietNam Holding Limited differentiates itself through its specialized focus on Vietnam's equity market, particularly in large-cap and SOE investments. This niche positioning allows the fund to capitalize on unique opportunities arising from Vietnam's economic reforms and privatization efforts. The fund's local expertise and strategic emphasis on government-identified divestment targets provide a competitive edge over broader emerging market funds that may lack such focused exposure. However, its closed-end structure could be a limitation during market downturns, as shares may trade at a discount to net asset value. The fund's performance is closely tied to Vietnam's economic and political stability, which, while generally positive, carries inherent risks associated with emerging markets. Compared to passive Vietnam-focused ETFs, VNH.L offers active management and potentially higher returns through selective stock picking, but this comes with higher management fees and reliance on the fund manager's expertise.