VFMVF4 – 09/2016
In the 3rd quarter of 2016, NAV per share of VF4 has increased to VND 13,150.4, a rate of 8.8% compared to the market return of 8.5%. The major contributors are from Food & Beverage, Transportation and Materials sector with the returns of stocks belong to those industries achieved 28.4%, 22.53% and 18.6% respectively, higher than index return and industry’s average return. VFMVF4 continue to maintain its major position in stocks that have sound fundamental ratios, potential for long term growth and reasonable valuation compared to the market. In the Material sector, HPG is one of the industry leader with its specialization in steel production. In the first 6 months of 2016, its net profit after tax achieved VND 3,000 billion, a 60.4% increase compared to last year, mainly resulted from a raise of 16.3% in volume sold and a significant drop of input materials. In the last 6 months of 2016, it is expected that HPG will continue its growing trend in terms of profit due to the high steel price as a result of the decision of the Ministry of Industry and Trade about the anti-dumping tariff that has been applied since July.
In September, VF4 continued to maintain its cash position at 21.2% for purpose of seeking for new investment opportunities with high return potential. Accumulated since the start of the year, VF4 has grown by 22.2% compared to the VN Index return of 18.4%.