Vietnam Holding Ltd (GB:VNH)
LSE:VNH
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Vietnam Holding
(LSE:VNH)
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Rating:42Neutral
Price Target:
358.00 p
â–¼(-4.02% Downside)
Action:DowngradedDate:03/12/26
The score is held down primarily by highly volatile earnings and cash flows, including a downturn to losses and negative free cash flow in 2025. Technicals add additional pressure with bearish trend signals (price below key moving averages and negative MACD). The balance sheet provides a stabilizing positive with zero debt, but the negative P/E and lack of dividend yield data limit valuation support.
Positive Factors
Conservative Balance Sheet
Zero reported debt materially lowers financial risk and preserves liquidity flexibility. For a closed-ended investment vehicle this reduces the need for forced selling in downturns, enabling management to hold positions through cycles and support NAV stability over months.
Negative Factors
Volatile Earnings and Cash Flow
Pronounced swings into losses and negative free cash flow weaken the fund's ability to generate distributable income and reduce financial predictability. This volatility raises the risk that NAV and income available for shareholders remain uneven over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Zero reported debt materially lowers financial risk and preserves liquidity flexibility. For a closed-ended investment vehicle this reduces the need for forced selling in downturns, enabling management to hold positions through cycles and support NAV stability over months.
Read all positive factors
Vietnam Holding (VNH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)29.96K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)N/A
Shares Outstanding19,017,546
10 Day Avg. Volume38,976
30 Day Avg. Volume29,960
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)0.98
Price to Sales (P/S)5.83
P/FCF Ratio-51.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vietnam Holding Business Overview & Revenue Model
Company Description
VietNam Holding Limited is a closed ended equity mutual fund launched and managed by Vietnam Holding Asset Management Ltd. The fund invests in the public equity markets of Vietnam. It seeks to invest in stocks of companies operating across diversi...
How the Company Makes Money
Vietnam Holding makes money primarily through investment returns generated by its portfolio rather than through the sale of goods or operating services. Its economic value is driven by (1) capital appreciation: increases in the market value of its...
Vietnam Holding Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.74M | 30.99M | -4.81M | -3.40M | 103.98M |
| Gross Profit | 16.89M | 30.99M | -4.81M | -3.40M | 103.98M |
| EBITDA | -3.02M | 0.00 | 0.00 | -7.72M | 0.00 |
| Net Income | -3.02M | 26.52M | -8.62M | -7.72M | 100.15M |
Balance Sheet | |||||
| Total Assets | 118.53M | 140.39M | 116.19M | 129.18M | 200.42M |
| Cash, Cash Equivalents and Short-Term Investments | 4.53M | 2.89M | 1.75M | 8.16M | 6.03M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 818.16K | 239.81K | 931.86K | 355.28K | 4.34M |
| Stockholders Equity | 117.71M | 140.15M | 115.26M | 128.82M | 196.08M |
Cash Flow | |||||
| Free Cash Flow | -2.22M | 3.30M | -1.35M | 61.74M | 24.83M |
| Operating Cash Flow | -2.22M | 3.30M | -1.35M | 61.74M | 24.83M |
| Investing Cash Flow | 25.03M | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -20.86M | -1.88M | -4.69M | -59.54M | -21.36M |
Vietnam Holding Technical Analysis
Neutral
373.00
Price Trends
379.01
Negative
382.75
Negative
384.40
Negative
Market Momentum
-3.82
Negative
49.08
Neutral
92.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VNH, the sentiment is Neutral. The current price of 373 is above the 20-day moving average (MA) of 364.30, below the 50-day MA of 379.01, and below the 200-day MA of 384.40, indicating a neutral trend. The MACD of -3.82 indicates Negative momentum. The RSI at 49.08 is Neutral, neither overbought nor oversold. The STOCH value of 92.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:VNH.
Vietnam Holding Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £116.86M | 21.20 | 1.79% | 3.29% | -9.37% | ― | |
62 Neutral | £18.46M | ― | 16.48% | ― | -79.36% | 78.16% | |
48 Neutral | £1.26M | -0.99 | -37.63% | ― | -100.66% | 84.15% | |
42 Neutral | ― | ― | ― | ― | ― | ― | |
42 Neutral | £7.11M | -15.13 | -11.98% | ― | ― | 6.25% | |
40 Underperform | $1.69M | -0.04 | ― | ― | -96.59% | 93.69% |
* Financial Sector Average
GB:VNH
Vietnam Holding
369.50
87.50
31.03%
GB:JADE
Jade Road Investments
0.70
-1.83
-72.30%
GB:TRUE
Braveheart Investment
1.60
-2.40
-60.00%
GB:MERC
Mercia Asset Management
27.50
4.90
21.68%
GB:MILA
Mila Resources
1.05
0.83
377.27%
GB:MAFL
Mineral & Financial Investments
47.50
25.50
115.91%
Vietnam Holding Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
VietNam Holding Continues Share Buybacks to Manage Capital Structure
Positive
Mar 9, 2026
VietNam Holding Limited has repurchased 30,187 of its own ordinary shares at an average price of 387.29 pence, as part of its ongoing share buyback activities. Following this transaction, the company has 19,085,890 ordinary shares in issue with vo...
Regulatory Filings and Compliance
VietNam Holding Updates Market on Total Voting Rights
Neutral
Mar 2, 2026
VietNam Holding Limited has reported that, as of 28 February 2026, it has 19,116,077 ordinary shares in issue with voting rights and a further 425,289 shares held in treasury. This disclosure sets the official denominator for investors assessing w...
Business Operations and StrategyFinancial Disclosures
VietNam Holding Outperforms as Vietnam’s Economy Starts 2026 in Full Stride
Positive
Feb 24, 2026
Vietnam’s economy entered 2026 with strong momentum, as exports surged nearly 30% year-on-year in January, imports jumped on industrial demand, and factory PMI remained firmly in expansion, while retail sales growth and a stronger dong under...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
VietNam Holding Continues Share Buybacks to Tighten Capital Base
Positive
Feb 23, 2026
VietNam Holding Limited has repurchased 30,000 of its own ordinary shares at an average price of 394 pence per share, continuing its ongoing buyback activity. Following this transaction, the company now has 19,116,077 ordinary shares with voting r...
Business Operations and StrategyFinancial Disclosures
Vietnam Holding Seen Poised to Benefit From Vietnam’s Undervalued Growth Story
Positive
Feb 11, 2026
Vietnam Holding Limited, a London-listed fund investing in Vietnamese equities, focuses on companies poised to benefit from the country’s export strength and reform-driven expansion. The vehicle offers foreign investors a route into Vietnam&...
Business Operations and StrategyStock Buyback
VietNam Holding Expands Share Buyback, Lifting Treasury Stock
Positive
Jan 26, 2026
VietNam Holding Limited has repurchased 25,000 of its own ordinary shares at an average price of 393.26 pence per share, as part of its ongoing capital management strategy. Following this latest buyback, the company has 19,146,077 ordinary shares ...
Business Operations and StrategyFinancial Disclosures
VietNam Holding Posts December NAV Gain as Vietnam Caps Year of Strong Growth
Positive
Jan 22, 2026
VietNam Holding Limited reported a 1.6% NAV gain for December 2025, as Vietnam capped a year of 8% GDP growth—strongest in Southeast Asia—underpinned by robust exports, record FDI inflows, and accelerated public investment and infrastr...
Stock Buyback
VietNam Holding Adds to Share Buybacks with January Repurchase
Positive
Jan 12, 2026
VietNam Holding Limited has continued its share buyback programme, purchasing 25,000 of its own ordinary shares on 9 January 2026 at an average price of 385 pence per share. Following this transaction, the company has 19,171,077 ordinary shares in...
Business Operations and StrategyStock Buyback
VietNam Holding Boosts Buyback with New Share Repurchase
Positive
Dec 22, 2025
VietNam Holding Limited has repurchased 25,000 of its own ordinary shares at an average price of 366 pence per share, bringing the total number of shares with voting rights in issue to 19,196,077 and treasury shares to 345,289. Since its last Annu...
Business Operations and StrategyFinancial Disclosures
Vietnam Holding Limited Discusses Economic Progress and Market Developments in Investor Report
Positive
Dec 18, 2025
Vietnam Holding Limited issued its November investor report, highlighting Vietnam’s economic progress and capital market evolution. Key highlights include significant IPO activity raising $1 billion in November, GDP growth of 8.2%, trade sur...
Stock BuybackRegulatory Filings and Compliance
Vietnam Holding Updates Share Buyback Reporting to Enhance Transparency
Neutral
Dec 17, 2025
Vietnam Holding Limited issued a correction to a prior announcement concerning share buybacks, disclosing previously omitted details of four separate transactions. The correction updates voting rights and clarifies the number of treasury shares he...
Business Operations and StrategyStock Buyback
Vietnam Holding Limited Repurchases Shares to Enhance Market Position
Neutral
Dec 15, 2025
Vietnam Holding Limited, an investment company, announced the repurchase of 19,667 of its own ordinary shares at an average price of 371 pence per share. This transaction increases the total number of shares repurchased since the last Annual Gener...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.