Vietnam Enterprise (LON:VEIL) Sets New 1-Year High - Should You Buy?

Key Points

• Vietnam Enterprise (LON:VEIL) shares reached a new 52-week high at GBX 753 ($10.12) during trading, showing a 1.1% increase from the previous close of GBX 748 ($10.05).
• The company has a market capitalization of £1.30 billion and a notably high price-to-earnings ratio of 840.17.
• Insider Edphawin Jetjirawat purchased 30,000 shares at an average price of GBX 610, indicating confidence in the stock's future performance.

Vietnam Enterprise (LON:VEIL - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 753 ($10.16) and last traded at GBX 753 ($10.16), with a volume of 610479 shares. The stock had previously closed at GBX 748 ($10.09).

Vietnam Enterprise Stock Performance

The company's 50 day moving average price is GBX 694.30 and its 200 day moving average price is GBX 604.92. The company has a market cap of £1.24 billion, a price-to-earnings ratio of 816.67 and a beta of 0.59.

Insider Transactions at Vietnam Enterprise

In other news, insider Edphawin (Eddy) Jetjirawat bought 30,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were acquired at an average cost of GBX 610 per share, for a total transaction of £183,000. Insiders own 0.17% of the company's stock.

Vietnam Enterprise Company Profile

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.