Vietnam Enterprise (LON:VEIL) Reaches New 12-Month High - Time to Buy?

Key Points

• Vietnam Enterprise Investments Limited (VEIL) reached a new 52-week high, trading at GBX 794 ($10.59) with a volume of 131,930 shares on the latest trading day.
• The company has a market capitalization of £1.32 billion and an extremely high price-to-earnings ratio of 1,987.38.
• VEIL is recognized as the longest-running closed-end fund focused on Vietnam, investing in both listed and pre-IPO companies with an emphasis on strong ESG commitments.

Shares of Vietnam Enterprise (LON:VEIL - ) hit a new 52-week high on Tuesday . The company traded as high as GBX 796 ($10.62) and last traded at GBX 794 ($10.59), with a volume of 131930 shares changing hands. The stock had previously closed at GBX 782 ($10.43).

Vietnam Enterprise Price Performance

The stock has a market capitalization of £1.32 billion, a price-to-earnings ratio of 1,987.38 and a beta of 0.59. The business's 50-day simple moving average is GBX 739.56 and its two-hundred day simple moving average is GBX 632.09.

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.

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