Vietnam Enterprise Investments Limited’s (VEIL) discount to net asset value has continued to widen over the last quarter, as the trust struggled with a slowdown in consumer demand in the country.
In the trust's Q1 results, released today (10 May), it revealed that its NAV had increased 5.5% compared to the Vietnam index's 6.7%. Stock Spotlight: HSBC remains on track for continued growth This has left the trust's discount to NAV now sitting at 14.2%, compared to 10.7% at the start of the year. Meanwhile, the trust's GBP share price fell 1.4% over the quarter, having declined 23.7% over the last year. Dien Vu, portfolio manager of VEIL, credited the drop to a slowdown in consumer demand in Vietnam, which saw retailers Mobile World Group and Phu Nhuan Jewelry decline. V...
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