VinaCapital announces its funds’ NAV in Sep
Currently, VinaCapital is managing four big investment funds operating in Vietnam including Vietnam Opportunity Fund –VOF, VinaLand, Vietnam Infrastructure-VNI and DFJV.
Of which, DFJV with capital scale of over $30 million, is a joint venture between VinaCapital and DFJ, specialising in venture investments in technology sector.
Remaining funds are public ones listing shares on AIM market under London Stock Exchange. The total net asset value (NAV) of three funds reached $1.712 billion.
Vietnam Opportunity Fund – VOF
Ending September, VOF’s NAV saw a rise of 1.7 percent month on month, from $757 million to $769 million, and NAV per each fund certificate increased from $2.33 to $2.37 per unit.
In August, the fund’s NAV slipped by $26 million or 3.3 percent.
The fund’s NAV increased in September thanks to overseas stocks and tourism-resort real estate projects while other assets seemed to remain unchanged.
The trading price of VOF fund certificate in the London stock market also increased from $1.49 to $1.57 per unit.
Totally in Jan-Sep, NAV of VOF still posted a loss of 2.1 percent (the index of Hochiminh Stock Exchange-STC slipped 8.2 percent).
The fund’s asset structure includes:
* Listed shares: 37.7 percent with big investments in VNM (5.3 percent of NAV), EIB (5.3 percent of NAV), HPG (3.6 percent), QCG (2.8 percent) and DIG.
* Real estate projects: 31.4 percent: Sofitel Motropole, Dai Phuoc Lotus, Century 21.
* Stocks on OTC market: 10.7 percent: Halico (2.7 percent), An Giang Plant Protection JSC and VinaCafe.
* Private Equity: 6.3 percent: prime Group, SSG Group, Hoan My hospital and Cofico.
* Overseas stocks: 6.3 percent.
* Cash and cash equivalents accounted for 6.7 percent, Bonds: 1 percent
VNI – Vietnam Infrastructure Limited
The fund specialises in investing in infrastructure with total NAV listed on September 30 at $238 million, down $3 million or 1.7 percent m-o-m.
In August, the fund’s NAV dropped $11 million (4.5 percent) from July.
Since the beginning this year so far, the fund’s NAV has decreased 11 percent.
VNI’s investment structure is allocated as follow:
* Transport and Logistics sectors: 9.9 percent of NAV with big investments in CII, Phu My Bridge, Vietnam Aircraft Leasing Co (VALC).
* Energy: 17.2 percent with big investments in Nam Viet Oil, PVD-coded shares, PPC, and BTP.
* Industrial Zone: 16.8 percent: Long An SEA and ITA-coded shares.
* Telecommunication: 10.6 percent with investments in VNC-55 and MIDC.
* Cash and cash equivalents: 32.8 percent and other assets: 12.7 percent.
Calculated by type of property: listed shares accounted for 29.4 percent of NAV, OTC stocks and joint stock capital accounted for 9.5 percent and 17.3 percent respectively.
VNL – VinaLand Limited
VinaCapital’s VNL fund specialises in investing in realty projects. At the end of September, the fund’s total NAV was posted at $705 million, or $1.41 per fund certificate, down 2.1 percent from previous quarter.
However, from the beginning this year so far, the fund’s NAV has still increased 6 percent thanks to a rise of 3 percent in Q1 and 5.1 percent in Q2.
VNL’s NAV has been updated quarterly while NAV of VOF and VNI has been updated monthly.
According to the results of evaluation, of the 13 real estate projects that VNL has managed, five projects increased in value in the last quarter while two left remain the value.
Category: Finance
