Vietnam's stock market, good investment opportunities difficult to repeat

 "We see opportunities to invest in Vietnam's stock market, especially investments in stocks with low price, are favorable and this opportunity will be difficult to repeat in the future."


    That is the view of David O'Neil, CEO Asean Small Cap Fund (ASCF) in exchange for investment in securities.


    Recently, ASCF consecutive invest in stocks with low prices on Vietnam's stock market. The objective of the Fund implemented investments is what, sir?
 

    We are value investors, preferred the bottom of the economic cycle in combination with the stock price falls below the value. We became interested in Vietnam since 2007, where large bubbles that exist in the stock market as well as other markets. Therefore, prior to the third quarter of 2011, the Fund has limited interest in investment opportunities in the property market in Vietnam. However, even after this time, the world economic situation, as well as Vietnam has change, the Fund should focus more on the search for investment opportunities in Vietnam, especially in the stock market. ASCF has invested continuously in the list of stocks with low price, with confidence to achieve good profits in the next 5 years. Currently, in addition to Vietnam market, the stock market began to explore ASCF Thailand and Indonesia.

    

    Why ASCF often choose to invest in these companies have been linked together in the same group, or its parent company - subsidiary? For example, the Fund invests in APEC Securities (APS) and Investment Asia - Pacific (APIs) are the APEC group, or at the same time investing in the Company's parent company Thang Long Investment Group (TIG ) and Securities is a subsidiary of Commerce and Industry of Vietnam (VIG)?


    I think the prospect of the associated companies, or corporations with member companies will prosper in Vietnam in the coming years. At this point, the companies that we have chosen to make disbursement decisions, operational results and good growth potential. In the evaluation of the companies, different from many other investors, especially investors in Vietnam, an aspect that is of interest ASCF trading lower indices of the stock market prices are low, not from the Recent activities of their business, but from other reasons, including changes in macroeconomic instability, and did not accurately reflect the capacity, as well as the potential development of the enterprises, but cases API as an example. We have confidence in the shares of the investment portfolio was as APS, API, TIG, VIG ...

    

    Why ASCF the preferred investment in the Securities of Vietnam, while the securities industry stocks have not got a lot of investors interested in?


    As mentioned, the investment decisions of our deployed to prepare for what will happen in the next 2-3 years, not a few months to 1 year. Therefore, we find that this is a favorable time for disbursement in Vietnam market. It is not easy for the funds, the broker in the region, as well as the global strategic stake in the next 5 years in companies listed on the stock market in Vietnam. Please note, the stock price of Oil Securities (PSI) has doubled in recent years, is one of the top 10 stocks of the ASCF.

    

    After becoming a major shareholder in the company, intends to acquire ASCF, participants elected management committee, executive, pouring more capital into the company, or just waiting for the opportunity to divest?


    All investments ASCF, we believe that it is the catalyst increase in value with the possibility for active M & A, value for the shares ... With an eye This, ASCF is gradually buy the stock, which according to the ASCF will recover the net asset value (NAV) largest. ASCF constantly seeking new opportunities to 20-40 times earnings after 7-10 year investment. Vietnam's stock market is the best investment opportunities in the ASEAN region, if the investment decision at this point. ASCF see opportunities to invest in hundreds of stocks with low value on the stock market in Vietnam. Along with the gradual stabilization of the macro-economy, according to the ASCF, within the next 2-3 years, thanks to the ability to attract foreign capital flows, foreign capital will account for over 50% of total investment in Vietnam's stock market, while the portfolio of ASCF at the present time would achieve positive profit.