VFMVF4 – 07/2016
In July, NAV per share of VF4 has grown by 3.4%, achieved VND 12,491.9 with major contribution from companies in Food & Beverage, Materials, Banking and Capital Goods industries. Noticeably, some blue-chip stocks have had significant gains in July such as VNM (increase by 12%), HPG (+12%), VCB (+14%), BMP (+12%), BCC (+10%).
The majority of gaining stocks has impressive business results in the first 6 months of this year. The top stock in our portfolio – VNM has its revenue and NPAT of 1H2016 increased by 18.6% and 32.7% y/y respectively. Specifically, VNM’s revenue from domestic market increased by 20.7% thanks to gains in market share. In addition, VCB has announced its 6-month results with an impressive gain of 36% y/y in terms of NPAT, which completed 57% of the plan.
As of 31 July 2016. VF4’s cash position is 20.9% as a result of realizing profit among some of its holdings. VF4 is actively seeking new investment opportunities.
Accumulated since the beginning of 2016, VF4 has generated a return of 16.2% compared to VN-Index’s growth of 12.6%.