Investor Letter
19-05-2022
May 19, 2022 – Investor Letter
To the investors, The stock market in April and early May had seen significant corrections. The VN-Index at its lowest...
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19-05-2022
May 19, 2022 – Investor Letter
To the investors, The stock market in April and early May had seen significant corrections. The VN-Index at its lowest year to date fell 25% from its peak at the beginning of the year. Contrary to optimistic assessments of the macro environment and profit growths in most reports, the market...
17-02-2022
Feb 17, 2022 – Investor Letter
To the investors, 2021 ended to the delight of most investors in the Vietnam stock market. VN-Index rose 35.7% for the year. The market grew 208% in the last 10 years, for an average return of 10.8%/year. Established in the early 2000s and grew rather consistently, the stock market has...
29-11-2021
Nov 29, 2021 – Investor Letter
To the investors, In the 3rd Quarter of the year, especially in October and November, the stock market had witnessed countless waves of blindfolded speculations, just like what we discussed at the beginning of the year. The crazy trading sessions on 12th November 2021 marked the peak of the waves...
15-07-2020
Jul 15, 2020 – Investor Letter
Dear valued Investors, Both the Global and Vietnam stock markets had witnessed a speedy recovery in the last 3 months, after having experienced a tremendous downfall of -31.1% within the first 3 months of 2020. As of 30th June 2020, VN Index was down by just -14.1% compared to the beginning...
10-04-2020
Apr 10, 2020 – Investor Letter
Dear valued Investors, Due to massive impact from the Covid-19 pandemic, the stock market has significantly fluctuated since the beginning of the year. Besides the report on NAV changes, this time we would like to share AP Alpha’s view on the recent moves in the market, as well as our...
