Vietnam Holdings Share News (VNH)

EARNINGS AND TRADING: Chill Brands shareholder seeks board ejections

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

TRADING UPDATES: Chariot mulls future of Transitional Power business

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

IN BRIEF: VietNam Holding trails index in December but beats in 2023

VietNam Holding Ltd - investment trust managed by Dynam Capital Ltd that backs high-growth companies in Vietnam - Net asset value per share on December 31 is 352.3 pence, up 3.4% in dollar terms during the month, compared to a 4.3% rise for its benchmark, the Vietnam all share index. Across all of 2023, however, NAV is up 22%, beating the index's 16% rise. Total net assets are USD122.5 million. Dynam Capital says Vietnam's economy performed well in 2023, as the south east Asian country recorded a record trade surplus of USD28 billion. "In terms of our outlook for 2024, we expect to see more impressive growth in corporate earnings and believe that present valuations remain relatively undemanding," the investment manager says.

IN BRIEF: VietNam says trade grows in November as exports rise

VietNam Holding Ltd - investment trust backing high-growth companies in Vietnam - Says trade continued to recover in November, with the firm hitting a new record trade surplus of USD25.8 billion for the eleven months of 2023 so far. Says exports rose 6.7% on-year, with electronic goods growing especially quickly in November. Says net asset value rose 13% during the period.

UK shareholder meetings calendar - next 7 days

IN BRIEF: VietNam Holding plans redemption facility to close discount

VietNam Holding Ltd - investment trust backing high-growth companies in Vietnam - Calls annual and extraordinary general meetings for December 21 in Paris. The AGM will include the trust's five-yearly continuation vote, which the board asks shareholders to approve. The trust also wants to introduce an annual redemption facility, which will be voted upon at the EGM. The redemption facility is aimed at reducing the discount of the company's share price to net asset value. It would allow shareholders to realise some or all of their holding for cash on an annual basis. The change would result in the company being treated as an 'offshore fund' for UK tax purposes, but the board does not expect to change its dividend policy. It notes that VietNam Holding has returned USD150 million to shareholders in tender offers and share buybacks over the past five years.

VietNam Holding says asset value down as buybacks continue

(Alliance News) - VietNam Holding Ltd on Monday said net asset value fell in its latest financial year amid a "gloomy" global climate, although it also repurchased over 1.5 million shares.

IN BRIEF: Vietnam Holding expects positive market momentum to continue

VietNam Holding Ltd - investment trust which invests in high-growth companies in Vietnam - Issues monthly investor report. Notes despite stock fluctuations throughout the month, Vietnam's equity market stood out compared with global bourses, which as a whole saw their second worst month of the year. Points out technology and financial services were Vietnam's top performing sectors, though industrials, consumer, and real estate also extended strong gains. Expects this positive momentum in the broader market to carry on given the continued low interest rate environment and improving company earnings for upcoming quarters. Says although valuations have risen this year, this is offset by a positive outlook for earning's growth through the rest of 2023 and into 2024.

Vietnam Enterprise and Vietnam Holding gain from Vinfast "excitement"

(Alliance News) - Investment trusts Vietnam Enterprise Investments Ltd and VietNam Holding Ltd on Thursday both reported strong rises in net asset value during July, amid "excitement" about the US listing of a local champion, but the larger of the two beat its reference index while the smaller one trailed.

UK shareholder meetings calendar - next 7 days

IN BRIEF: VietNam Holding sees NAV per share fall; notes weak outlook

VietNam Holding Ltd - Guernsey-based closed-end fund - Net asset value per share at June 30 USD4.408, down from USD4.60 at the same time a year prior. In the year to June 30, firm's NAV per share declined by 4.4%. This compared to a decline of 17% for Vietnam All Share Index. Swings to a net investment loss of USD3.5 million in the year, from a profit of USD104 million the previous year. Looking ahead, firm says the global mood remains "weak" but notes some "encouraging" signs in the rebound and growth of domestic tourism in Vietnam.

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Sensyne revenue jumps; Stranger Holdings loss narrows

TRADING UPDATES: Sensyne revenue jumps; Stranger Holdings loss narrows

IN BRIEF: Vietnam Holding reports tender offer result

IN BRIEF: Vietnam Holding reports tender offer result