External broker reports(aggregated public sources), Rong Viet Securities

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External broker reports(aggregated public sources)

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Equity Bottom-Up

Vietnam Germany Steel Pipe JSC (HNX:VGS) was established as one of the leading steel companies in northern Vietnam under the brand name “Thep Viet Duc” for both construction steel and steel pipe products. VGS produces a variety of steel pipes used for construction purposes and interior usages. Viet Germany Steel Pipe had a 9.3% market share in the North in 2017, which shows its power as a large local steel maker. As a common steel brand name locally, VGS benefits from the growth in demand in the…

Vietnam Germany Steel Pipe JSC (HNX:VGS) was established as one of the leading steel companies in northern Vietnam under the brand name “Thep Viet Duc” for both construction steel and steel pipe products. VGS produces a variety of steel pipes used for construction purposes and interior usages. Viet Germany Steel Pipe had a 9.3% market share in the North in 2017, which shows its power as a large local steel maker. As a common steel brand name locally, VGS benefits from the growth in demand in the…

[Company Report] VGS - Strongly Underpriced

Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Opportunity Overview Unlike <a href="https://www.smartkarma.com/entities/53" target="_blank" data-smartkarma-citation="entities:53">Vinacapital Vietnam Opp Fund Limited</a> , which only invests half of its assets in listed equity, <a href="https://www.smartkarma.com/entities/21013" target="_blank" data-smartkarma-citation="entities:21013">Vietnam Holding Ltd</a> focuses exclusively on listed equity.  This makes the fund a strong option for those desiring to utilize a fund of fund approach that focuses purely on value investing in listed equity, while conveniently being able to trade on London's AIM market.  The fund has returned <a href="http://www.bloomberg.com/quote/VNH:LN" target="_blank">13.1% in the past year,</a> and trades at a 15.14% discount, near its 52 week historical…

Opportunity Overview  Unlike Vinacapital Vietnam Opp Fund Limited , which only invests half of its assets in listed equity, Vietnam Holding Ltd focuses exclusively on listed equity.  This makes the fund a strong option for those desiring to utilize a fund of fund approach that focuses purely on value investing in listed equity, while conveniently being able to trade on London's AIM market.  The fund has returned 13.1% in the past year, and trades at a 15.14% discount, near its 52 week historical…

Vietnam Holding's Fund Returns 13%: Strong Pure Play for Listed Equity

VinaCapital Vietnam Opportunity Fund / Equity Bottom-Up

VinaCapital Vietnam Opportunity Fund (VOF LN)

VinaCapital's VOF, the largest and most liquid closed end fund in its peer group, has successfully completed its migration from London's AIM to the main board of the London Stock Exchange.  I think this fund is a most appropriate stepping stone for funds wishing to gain exposure to Vietnam, without investing directly on Vietnam's stock exchange.

VinaCapital's VOF, the largest and most liquid closed end fund in its peer group, has successfully completed its migration from London's AIM to the main board of the London Stock Exchange.  I think this fund is a most appropriate stepping stone for funds wishing to gain exposure to Vietnam, without investing directly on Vietnam's stock exchange.

VinaCapital VOF Updates: Migration to the Main Board of the London Stock Exchange Was a Success

Amid a struggling steel industry and commodity bear market, I previously mentioned the strong opportunity that <a href="https://www.smartkarma.com/entities/21022" target="_blank" data-smartkarma-citation="entities:21022">Hoa Sen Group</a> and <a href="https://www.smartkarma.com/entities/5813" target="_blank" data-smartkarma-citation="entities:5813">Hoa Phat Group Jsc</a> presented for long term investors who were willing to be bullish on commodities, examine the historical financial success of both companies, and to take advantage of the substantially low valuation of these companies.  While smaller companies will struggle in this environment, <a href="https://www.smartkarma.com/entities/21022" target="_blank" data-smartkarma-citation="entities:21022">Hoa Sen Group</a>  is positioned as a dominant player, with a strong benchmark…

Amid a struggling steel industry and commodity bear market, I previously mentioned the strong opportunity that Hoa Sen Group and Hoa Phat Group Jsc presented for long term investors who were willing to be bullish on commodities, examine the historical financial success of both companies, and to take advantage of the substantially low valuation of these companies.  While smaller companies will struggle in this environment, Hoa Sen Group  is positioned as a dominant player, with a strong benchmark…

Hoa Phat Group and Hoa Sen Group should be examined as two potential buy opportunities, due to the sell off in the steel industry, and because of the strong economic advantages of Vietnam. &nbsp;Financial performance for both companies has been impressive amid declining steel prices.

Hoa Phat Group and Hoa Sen Group should be examined as two potential buy opportunities, due to the sell off in the steel industry, and because of the strong economic advantages of Vietnam. &nbsp;Financial performance for both companies has been impressive amid declining steel prices.

Profit from the Commodity Curse: These Two Vietnamese Companies Are a 'Steel"

Vietnam

Hoa Phat Group is a leading industrial manufacturing group in Vietnam, primarily specializing in iron and steel production, including construction steel, hot rolled coil, steel pipes, and galvanized steel. The group also diversifies into agriculture, real estate, and home appliances. Founded in August 1992 as a construction machine and equipment trading company, Hoa Phat Group is headquartered in Hanoi, Vietnam.

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Hoa Phat Group (HPG VN)

[Company Report] VGS - Strongly Underpriced

Vietnam Germany Steel Pipe JSC (HNX:VGS) was established as one of the leading steel companies in northern Vietnam under the brand name “Thep Viet...

Rong Viet Securities

Vietnam Holding's Fund Returns 13%: Strong Pure Play for Listed Equity

Opportunity OverviewUnlike Vinacapital Vietnam Opp Fund Limited , which only invests half of its assets in listed equity, Vietnam Holding...

Nomadic Equity

VinaCapital VOF Updates: Migration to the Main Board of the London Stock Exchange Was a Success

VinaCapital's VOF, the largest and most liquid closed end fund in its peer group, has successfully completed its migration from London's AIM to the...

Nomadic Equity

Hoa Sen Group Updates: Conviction Grows

Amid a struggling steel industry and commodity bear market, I previously mentioned the strong opportunity that Hoa Sen Group and Hoa Phat Group...

Nomadic Equity

Profit from the Commodity Curse: These Two Vietnamese Companies Are a 'Steel"

Hoa Phat Group and Hoa Sen Group should be examined as two potential buy opportunities, due to the sell off in the steel industry, and because of...

Nomadic Equity

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