VinaCapital VOF posts a 2.2% NAV growth rate in October

VinaCapital Vietnam Opportunity Fund (VOF) has reported net asset value per share growth was 2.2 per cent in October.

In October, the benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up total 0.2 per cent.

Driving VOF’s net asset value (NAV) was the increases of heavy weights in the fund’s portfolio – Khang Dien House (HoSE: KDH), Airports Corporation of Vietnam (UPCoM: ACV) and Phu Nhuan Jewellery (HoSE: PNJ).

Shares of the three companies rose between 2.7 per cent and 3.9 per cent in October as their third-quarter earnings grew better than expected.

On the opposite side, weighing on the fund were steel producer Hoa Phat (HPG) and dairy firm Vinamilk (VNM).

Hoa Phat shares edged down total 0.7 per cent last month while Vinamilk shares gained slightly 0.2 per cent in total.

Besides those five companies, another five in VOF’s top 10 holdings were Eximbank (HoSE: EIB), Quang Ngai Sugar (UPCoM: QNS), Orient Commercial Bank, construction firm Coteccons (HoSE: CTD) and PetroVietnam Technical Services (HNX: PVD).

Total value of the shares held by VOF was US$935.6 million. Sixty-three per cent of the shares were listed, while unlisted equity accounted for 17.9 per cent of the total value.

The fund also invested in bonds (3.3 per cent of the total value), private equity (14.2 per cent) and operating assets (1.5 per cent).

Heavy-weight sectors in VOF’s list of investee companies were real estate and construction (19.2 per cent), food and beverage (16.6 per cent) and construction materials (11.1 per cent).

In October, PetroVietnam Technical Services replaced HDBank in VOF’s investee companies list. In August, VOF announced it had exited aviation firm Vietjet.

After 10 months, the fund recorded a 0.9 per cent decline of NAV per share while the benchmark VN-Index had advanced total 11.8 per cent in USD terms.


ACV 69,000 100 +0.15%
CTD 53,400 400 +0.75%
EIB 17,450 -50 -0.29%
HPG 26,300 450 +1.74%
KDH 25,900 50 +0.19%
NAV 18,700 -300 -1.58%
PNJ 91,300 300 +0.33%
PVD 14,950 150 +1.01%
QNS 27,700 700 +2.59%
USD 15,300 0 %
VNM 121,300 300 +0.25%

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