Ho Chi Minh City, Vietnam - Indochina Capital Vietnam Holdings Limited ("ICV" or the "Fund") (LSE:ICV) is pleased to announce the release of its Investment Manager's Commentary previewing the Second Quarter 2008.
The Quarterly is a summary of the state of Vietnam's economy and equities markets combined with a comparison of ICV's performance since IPO over twelve months ago, an update on the Fund's investment strategy and outlook, and a detailed look at the Fund's portfolio holdings and valuations.
Key points from the Quarterly are below: Although a loss leader, ICV has the best performing NAV amongst Vietnam listed funds in Q1 2008.
Also at a loss, ICV has the second best performing NAV amongst Vietnam listed funds over the last twelve months.
The Fund's US$155.4 million cash and liquid bonds are an advantage in Vietnam's oversold equities market.
Upon full investment by August 2008, total allocation will be 50% prelisted equity, 25% SOE prelisted equity, and 25% listed equity.
The portfolio is comprised of reasonably priced equities with nine of the positions held at average PE of 9.2x 2008 E earnings with anticipated EPS growth of 54% resulting in a PEG ratio of 0.2x.
The report is available for download at www.indochinacapital.com.
Please follow the link to "Listed Fund Investors" and click on "Manager Commentaries" in the right sidebar. For further information and questions, please contact Indochina Capital Fund Marketing at icv@indochinacapital.com.
Important Information No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.
Indochina CapitalThu Tran, +848 520 2030
Mobile: +84 907 886 771thu.h.tran@indochinacapital.com
The Quarterly is a summary of the state of Vietnam's economy and equities markets combined with a comparison of ICV's performance since IPO over twelve months ago, an update on the Fund's investment strategy and outlook, and a detailed look at the Fund's portfolio holdings and valuations.
Key points from the Quarterly are below: Although a loss leader, ICV has the best performing NAV amongst Vietnam listed funds in Q1 2008.
Also at a loss, ICV has the second best performing NAV amongst Vietnam listed funds over the last twelve months.
The Fund's US$155.4 million cash and liquid bonds are an advantage in Vietnam's oversold equities market.
Upon full investment by August 2008, total allocation will be 50% prelisted equity, 25% SOE prelisted equity, and 25% listed equity.
The portfolio is comprised of reasonably priced equities with nine of the positions held at average PE of 9.2x 2008 E earnings with anticipated EPS growth of 54% resulting in a PEG ratio of 0.2x.
The report is available for download at www.indochinacapital.com.
Please follow the link to "Listed Fund Investors" and click on "Manager Commentaries" in the right sidebar. For further information and questions, please contact Indochina Capital Fund Marketing at icv@indochinacapital.com.
Important Information No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.
Indochina CapitalThu Tran, +848 520 2030
Mobile: +84 907 886 771thu.h.tran@indochinacapital.com
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