Vietnam Enterprise (LON:VEIL) Reaches New 52-Week High - Should You Buy?

Key Points

• Vietnam Enterprise (LON:VEIL) reached a new 52-week high at GBX 693 ($9.31), reflecting a strong trading day with a volume of 18,395 shares.
• The company has a market capitalization of £1.58 billion and an unusual price-to-earnings ratio of -466.05, indicating potential challenges in profitability.
• Insider Edphawin Jetjirawat purchased 30,000 shares at an average price of GBX 610 ($8.20), demonstrating confidence in the company despite insider ownership being just 0.08%.

Vietnam Enterprise (LON:VEIL - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 693 ($9.19) and last traded at GBX 692.45 ($9.18), with a volume of 18395 shares trading hands. The stock had previously closed at GBX 684 ($9.07).

Vietnam Enterprise Price Performance

The company has a market capitalization of £1.59 billion, a price-to-earnings ratio of -469.42 and a beta of 0.59. The business's 50 day simple moving average is GBX 609.38 and its 200 day simple moving average is GBX 579.86.

Insider Buying and Selling

In other Vietnam Enterprise news, insider Edphawin (Eddy) Jetjirawat acquired 30,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were bought at an average cost of GBX 610 ($8.09) per share, for a total transaction of £183,000 ($242,641.21). Corporate insiders own 0.08% of the company's stock.

About Vietnam Enterprise

Launched in 1995, Vietnam Enterprise Investments Limited (VEIL) was listed on the LSE in July 2016. It is the longest running closed-end fund focused on Vietnam and one of the largest which invests in listed and pre-IPO companies in Vietnam that offer attractive growth and value metrics . The fund has a strong ESG commitment driven by a close relationship with the IFC.