DCDE – 03/2024
Closing out March, the VN-Index saw a positive trajectory, climbing by +2.5% from the preceding month, with investor interest manifesting through a 3.16% increase in new account openings, totaling 1,586,210 accounts. This underscores the continued allure of the stock market as an investment avenue amidst persistently low deposit interest rates.
The DCDE fund’s Net Asset Value (NAV) experienced a +3.7% uptick from the previous month, outperforming the VN-Index’s +2.5% increase with its own +1.2% gain. Over a year, the fund’s growth surged to +36.2%, surpassing the VN-Index (20.6%) by 15.6%. The fund’s investment strategy shows a strong leaning towards the Banking sector (27.2% NAV), followed by Retailing (12.2% NAV) and Residential ( 10.5% NAV)…
A standout performer within the fund’s portfolio was Viettel Construction Joint Stock Corporation (“CTR”), which saw its value soar by 31% in March, a surge attributed to its selection by Viettel Group for major operational projects across 62 provinces and cities. CTR’s financial achievements for the year included a revenue of nearly 11,399 billion VND, a 20.1% increase year-over-year, with profits after tax reaching 516 billion VND, up by 13.3%.
Looking ahead, the fund is set to continue its focus on selecting companies with a track record of annual dividend growth for its portfolio. Priority will be given to sectors within their growth phases, notably Banking & Financial Services, Information Technology, and Materials, maintaining a strategic approach to capitalizing on industries demonstrating robust growth potential.
