Several of PYN Elite’s top holdings companies reported very strong earnings for the first quarter, in spite of earnings growth in the stock market being generally subdued. The mall operator
VN-Index +2.5% driven by a broad sector recovery. Notably, the small-cap companies outperformed the large-caps, with VN Small-cap Index +9.7%, VN Mid-cap +4.3% while VN30 Index only inched up +1.4%.
Vietnam’s GDP growth slowed to 3.3% during Q1. The country’s exports have recorded weak numbers since autumn, alike other Asian exporting countries, but the weakness of exports is not the
The VN-Index retreated by 1.5% in April after a rally in March. PYN Elite -1.8% MoM and +4.5% YTD. In April, a series of new policies were issued at an
Portfolio manager Petri Deryng, who spoke at PYN Elite’s investor evening in Helsinki on April 17, challenged his listeners to look at weak stock market years from a different angle.
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