PYN Elite rose strongly (+9.9%) in May supported by all our banks (+30% May and +50% YTD on average) and VN Diamond (+12% May, +42% YTD). VN index also went
PYN Elite NAV lagged behind VN Index in April, but in May our NAV has again outperformed the index. Our bank stocks have been on a tailwind, and the heavily
PYN Elite NAV edged up 0.65% supported by VN Diamond (+10% MoM), MBB (+8% MoM) and HDB (+3% MoM). VN Index gained 4% led by NVL (+63% MoM), VIC (+11%
PYN Elite core holdings include 15 positions representing 94 percent of the portfolio. Half of the core holdings have already published their Q1 results. Airfreight company SCS’s earnings were up
Fitch upgraded Vietnam’s outlook in April from stable to positive. Credit Rating Agency highlighted in the review Vietnam’s ability to sustain high growth and the brisk outlook of the economy.
In March, PYN Elite gained 1.4% supported by CTG, VCI and HDB. VN Index gained 2.0% helped by VIC and banking stocks. The Index held up well supported by local