The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse – UBS emergency takeover had raised questions on banks’ operation in U.S. and Eurozone, thus leading to a sharp
We have experienced a lot of headwinds in Vietnam during the last 12 months. However, we expect things will be turning during the next 12 months. From now on, the
VN Index -7.8% in Feb on a broad market sell-off fueled by real estate companies. PYN Elite -11.2% on VHM, CTG and STB. A prominent developer (not our portfolio company)
The ten percent jump in the PYN Elite NAV in January was wiped out during February, and now the NAV is back to the year-end level. Uncertainty still prevails in
The market is off to a strong start in 2023, as VN-Index +10.3% and PYN Elite +10.3% in Jan, both driven by the stellar rally of the banking stocks. In
The portfolio manager’s main thoughts about the fund and the market: 1) The discount caused by disciplinary measures will disappear. 2) Earnings growth remains decent. 3) The decline in deposit