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Vietnam Holding (VNH) AI Stock Analysis

15 Followers
GB:VNH

Vietnam Holding

(LSE:VNH)

Select Model
Rating:64Neutral
Price Target:GBX 357.00â–²(11.56% Upside)
Action:reiterated
Date:10/03/26

Strong balance sheet and attractive valuation are the main positive drivers, while volatile income and cash flows plus mixed technical signals constrain the overall score.

Positive Factors
Debt-free balance sheetA debt-free structure and substantial equity base reduce financial risk and interest obligations, giving Vietnam Holding greater resilience through market volatility. This supports flexibility to maintain its investment strategy without the refinancing pressure or leverage constraints that can weaken asset-management businesses.
Negative Factors
Sharp revenue contractionThe sharp two-year revenue decline raises a material question about the durability of Vietnam Holding’s earnings base. Sustained contraction can reduce the resources available to support operations and investment activity, while making future profitability more dependent on portfolio outcomes rather than consistent underlying growth.

Vietnam Holding (VNH) vs. iShares MSCI United Kingdom ETF (EWC)

-30%-20%-10%0%10%20%30%GB:VNH-20.20%EWC+21.08%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
GBP 58.87M
Dividend Yield
―
Average Volume (3M)
23.51K
Price to Earnings (P/E)
14.6
Beta (1Y)
0.60
Revenue Growth
29.42%
EPS Growth
―
Country
UK
Employees
31,574
Sector
Financial
Sector Strength
68
Industry
Asset Management

Vietnam Holding Business Overview & Revenue Model

Company Description

VietNam Holding Limited is a closed-end equity investment vehicle, overseen by Vietnam Holding Asset Management Ltd. The fund's objective is to allocate capital to publicly listed companies across diverse sectors within Vietnam's equity markets. It p...

Vietnam Holding Financial Statement Overview

Summary

Debt-free balance sheet delivers excellent stability and low leverage risk, but extreme volatility in revenue, net income, and cash flows due to market exposure in asset management limits the score.

Income Statement

45Neutral

Balance Sheet

90Very Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue11.00M11.00M19.74M30.99M-4.81M-3.40M
Gross Profit11.00M11.00M16.89M30.99M-4.81M-3.40M
EBITDA00-3.02M26.80M0-67.67K
Net Income7.28M7.28M-3.02M26.52M-8.62M-7.72M
Balance Sheet
Total Assets97.18M97.18M118.53M140.39M116.19M129.18M
Cash, Cash Equivalents and Short-Term Investments5.38M5.38M4.53M2.89M1.75M8.16M
Total Debt000000
Total Liabilities418.45K418.45K818.16K239.81K931.86K355.28K
Stockholders Equity96.77M96.77M117.71M140.15M115.26M128.82M
Cash Flow
Free Cash Flow29.07M29.07M-2.22M3.30M-1.35M61.74M
Operating Cash Flow29.07M29.07M-2.22M3.30M-1.35M61.74M
Investing Cash Flow1.89M025.03M000
Financing Cash Flow-28.14M-28.14M-20.86M-1.88M-4.69M-59.54M

Vietnam Holding Technical Analysis

Technical Analysis SentimentNegative
Last Price320.00

Price Trends

50DMA328.99Negative
100DMA329.94Negative
200DMA348.77Negative

Market Momentum

MACD-2.48Positive
RSI41.80Neutral
STOCH28.76Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:VNH, the sentiment is Negative. The current price of 320.00 is below the 20-day moving average (MA) of 325.40, below the 50-day MA of 328.99, and below the 200-day MA of 348.77, indicating a bearish trend. The MACD of -2.48 indicates Positive momentum. The RSI at 41.80 is Neutral, neither overbought nor oversold. The STOCH value of 28.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:VNH.

Vietnam Holding Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

GB:VNH against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
GB:VNHGB:VNH64NeutralGBP 58.87M14.617.17%―29.42%―
GB:MAFLGB:MAFL62NeutralGBP 15.00M4.1223.41%―543.02%30.22%
GB:MERCGB:MERC61NeutralGBP 123.98M-14.53-4.78%3.39%-2.25%-350.00%
GB:TRUEGB:TRUE38UnderperformGBP 1.77M-4.09-17.10%――68.42%
GB:MILAGB:MILA37UnderperformGBP 10.35M-1.40-141.69%――-546.67%

* Financial Sector Average

Performance Comparison

0%50%GB:VNHGB:TRUEGB:MERCGB:MILAGB:MAFLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
GB:VNH and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:VNHVietnam Holding320.00-85.00-20.99%
GB:TRUEBraveheart Investment2.250.157.14%
GB:MERCMercia Asset Management Plc29.500.531.83%
GB:MILAMila Resources1.20-0.55-31.43%
GB:MAFLMineral & Financial Investments38.504.0011.59%

Vietnam Holding Corporate Events

Business Operations and StrategyDelistings and Listing Changes

VietNam Holding to Cancel TISE Listing and Streamline Market Presence

Positive
Sep 30, 2026

VietNam Holding Limited has announced it will cancel the listing of its ordinary USD1.00 shares on The International Stock Exchange in the Channel Islands, with the move expected to take effect around 28 October 2026. The company will give at least 2...

Business Operations and StrategyFinancial Disclosures

VietNam Holding posts lower net assets but higher NAV per share in 2026 report

Neutral
Sep 28, 2026

VietNam Holding Limited has published its 2026 Annual Report and financial statements, reporting total net assets of USD 96.8 million as of 30 June 2026, down from USD 117.6 million a year earlier. Net asset value per share rose in both USD and GBP t...

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance

VietNam Holding updates market on latest share buybacks and voting rights

Positive
Sep 21, 2026

VietNam Holding Limited has continued its share buyback programme, purchasing 25,138 ordinary shares into treasury on 18 September 2026 at 330.5 pence per share. This latest transaction increases the number of shares held in treasury to 1,127,020 and...

Business Operations and StrategyFinancial Disclosures

VietNam Holding Outperforms as Vietnam Readies FTSE Emerging Market Upgrade

Positive
Sep 15, 2026

Vietnam’s stock market rebounded in August, with the VN Index rising 5.6% and VietNam Holding’s net asset value gaining 7.6%, outperforming broader benchmarks. Strong corporate earnings, resilient economic data and robust performances from bank and r...

Business Operations and StrategyStock Buyback

VietNam Holding Continues Share Buybacks to Tighten Capital Base

Positive
Sep 14, 2026

VietNam Holding Limited has continued its share buyback programme, purchasing 4,998 ordinary shares at an average price of 337.5 pence per share on 11 September 2026. Following this latest transaction, the company has 18,439,484 voting shares in issu...

Business Operations and Strategy

VietNam Holding Highlights Vietnam Banking Opportunities in New White Paper

Positive
Sep 11, 2026

VietNam Holding Limited, a London-listed investment vehicle focused on Vietnamese equities, is deepening its commitment to the country’s banking industry through its fund manager Dynam Capital. With banks making up almost 40% of its public equity por...

Business Operations and StrategyStock Buyback

VietNam Holding Redeems 14.7% of Share Capital in 2026 Tender

Neutral
Sep 8, 2026

VietNam Holding Limited has confirmed that shareholders tendered 2,690,418 ordinary shares for redemption under its 2026 Redemption Opportunity, and these shares will be redeemed as planned. The redeemed shares represent approximately 14.7 per cent o...

Regulatory Filings and Compliance

VietNam Holding Clarifies Total Voting Rights and Share Capital Structure

Neutral
Sep 1, 2026

VietNam Holding Limited has reported that, as of 1 September 2026, it has 18,444,482 ordinary shares in issue with voting rights and a further 1,096,884 shares held in treasury. This disclosure clarifies the company’s total voting rights, giving shar...

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance

VietNam Holding Continues Share Buybacks to Manage Capital Structure

Positive
Sep 1, 2026

VietNam Holding Limited has executed a share buyback, purchasing 15,461 ordinary shares at an average price of 336.9 pence, leaving 18,444,482 voting shares in issue and 1,096,884 held in treasury. Since its last annual general meeting, the company h...

Business Operations and StrategyFinancial Disclosures

VietNam Holding weathers July slump as Vietnamese earnings surge and FTSE upgrade nears

Positive
Aug 25, 2026

Vietnam’s stock market endured a sharp setback in July, with the Vietnam All Share Index down 7.5% and VietNam Holding’s net asset value falling 9.8%, even as second-quarter earnings and macroeconomic data showed strong underlying growth. Key holding...

Business Operations and StrategyStock Buyback

VietNam Holding boosts buybacks to support shareholder value

Positive
Aug 24, 2026

VietNam Holding Limited has continued its share buyback programme, purchasing 11,884 ordinary shares on 21 August 2026 at an average price of 331.6 pence per share. Following this latest transaction, the company now has 18,459,943 voting shares in is...

Business Operations and StrategyStock Buyback

VietNam Holding Continues Share Buybacks to Support Capital Strategy

Positive
Aug 17, 2026

VietNam Holding Limited has continued its share buyback programme, purchasing 16,278 ordinary shares at an average price of 329.90 pence on 14 August 2026. Following this transaction, the company now has 18,471,827 ordinary shares in issue with votin...

Regulatory Filings and Compliance

VietNam Holding Updates Market on Total Voting Rights

Neutral
Aug 3, 2026

VietNam Holding Limited has disclosed its current voting rights position in line with FCA transparency requirements, confirming that as of 31 July 2026 it has 18,488,105 ordinary shares in issue with voting rights and 1,053,261 shares held in treasur...

Business Operations and StrategyFinancial Disclosures

VietNam Holding Sees Vietnam’s Economic Strength Undervalued by Equity Markets

Positive
Jul 27, 2026

VietNam Holding’s manager reports that Vietnam’s economy continues to show robust momentum, with GDP growth accelerating, exports and retail sales rising, and foreign direct investment hitting record levels. Major institutions such as the World Bank,...

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance

VietNam Holding Continues Share Buybacks to Support Investor Value

Positive
Jul 13, 2026

VietNam Holding Limited has continued its share buyback programme, purchasing 16,747 ordinary shares on 10 July 2026 at an average price of 335.25 pence, leaving 18,488,105 voting shares in issue and 1,053,261 shares held in treasury. Since its last...

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.

Date of analysis: Oct 03, 2026