22nd Aug 2014 09:16
LONDON (Alliance News) - VietNam Holding Ltd Friday said its net asset value outperformed its benchmark in the first half of the year, after it said gains were helped by steadily improving macro-economic stability in the period.
The investment company, which has a diversified portfolio invested in Vietnamese equities, said its total net asset value as at June 30 was USD120.5 million, up almost 37% from USD88.2 million as at June 30, 2013.
Its net asset value per share rose just short of 25% to USD1.92 on June 30 from USD1.54 per share on June 30, 2013. This compares with a 16% year-on-year increase in its benchmark, the Vietnam All Share Index, over the same period.
Over the course of the recent six months, the company's NAV per share increased by 10%, also ahead of the 9% increase in the Vietnam All Share Index.
The company's share price rose 18% year-on-year to USD1.46 per share, up from USD1.24 last year.
VietNam Holding shares were trading flat Friday morning at USD1.63 per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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