The VN index return was –13.4% this year on the date of this letter. PYN Elite’s value has also declined by roughly 8% YTD. Events in financial markets has been
Unfortunately, in recent days, many other countries have been forced to follow the similar measures already seen in China to curb the coronavirus epidemic. We hope that your relatives survive
During the last three years, PYN Elite showed excellent performance compared with the VN Index for the first 10 months, outperforming the index return by roughly 100%, but for the
Vietnam Solid Data, No Tense, No Jittery • PYN Elite’s key holdings (82% of the portfolio) valued at P/E 7.1 for 2021. • Vietnam has the highest number of free
In the middle of the holiday season, perhaps these investment related questions occupy the vacationer: what could kick start a new substantial performance for PYN Elite’s value? When can we
Portfolio Manager Deryng’s Investor Letter in December 2018, commenting on key investments and discussing the significance of the stock market decline in the end of the year.