VFMVF1 – 05/2016
In May 2016, NAV per share of VF1 has grown by 3.2%, outperforming VF1-Benchmark by 0.4%, with the main contributions from stocks in the sectors such as Food & Beverage, Transportation, Utilities, Capital Goods and Retails. Notably some stocks with strong price increase in the month such as MWG (+16,7%), GAS (+17,6%), SKG (+8,3%), DQC (+7,4%), etc, which all have positive earnings results and strong catalysts for long-term growth. While GAS benefited from the recovery of oil price, SKG has had its first quarter revenue and net profit growing by 36% and 55% respectively compared to last year as a result from increasing amount of Phu Quoc visitors and low price of fuel. It is forecasted that SKG earning will continue to have positive growth in Q2 and Q3, which are the peaks of traveling seasons. DQC is currently the leader in lightbulb and lighting equipment manufacturing in Vietnam with 40% market share. DQC also achieved impressive results in Q1 with 40% growth in revenue and 20% in net profit compared to last year. Mobile World Investment Corporation (MWG) owns the biggest mobile phone retail chain in Vietnam and maintain profit growth of 60% to 200% in the last 3 years. The company continued to publish impressive business results in the first months of 2016, particularly in the first 4 months of 2016, the company achieved revenue of VND 12,794 billion, net income reached 555 billion, 37% and 82% growth respectively compared to the same period last year.
In May, VF1 has disbursed into new investment opportunities, decreasing the cash & cash equivalents weighting to 19.6% from the level of 23% since the end of April. From the beginning of the year, VF1 has accumulated 8.7% growth in NAV, outperforming its benchmark by 2.8%.