VFMVF4 – 08/2016
In August, NAV per share of VF4 has grown by 4.6%, achieved VND 13,069.8 with major contribution from companies in Food & Beverage, Materials, and Technology industries. Noticeably, some blue-chip stocks have had significant gains in August such as VNM (increase by 21%), HPG (+14%), VCB (+14%), and FPT (+10%).
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. After distributing VND 4,000 of cash dividend and 20% of bonus shares on 19 August 2016, the stock price has rebounded strongly, ending the month with the highest price since listing.
In August, VF4 increased weighting of F&B, Banking, Technology and Retails sector. At the same time, the Fund invested in Pharmaceuticals stocks, reducing cash weighting to 16.7% NAV from 21% at the end of July.
Accumulated since the beginning of 2016, VF4 has generated a return of 21.4%, outperformed VN-Index by 4.9%.