We thought PYN Elite’s previous Investor Letter on March 15 was so good in content, that now we ended up sending it again – with fresh comments. In addition to
VN index -5.4% in May dragged down by steelmaker HPG and banks. PYN Elite (-1.6% MoM) fared better as VHM rose 10% on a successful project launch. In May, the
The Vietnamese government’s sudden move to clean up stock manipulation caused the crash in the Vietnamese stock market this April and May. Investors who had manipulated stocks of their own
Vietnam’s continued crackdowns on bond market irregularities and stock market manipulation with several arrests have sent the VN-Index down by 8.4% in April. PYN Elite -10.2%, led by the declines
The news of the joint military exercises between Russia and Vietnam, published by the Russian state newspaper Ria Novosti on the 19th of April, has proved to be a hoax,
In recent weeks, the Vietnamese stock market has fallen, and the VN-index is now -6.1% YTD. PYN Elite NAV is -8.1% YTD. For the six months, the VN-Index is +0.8%