Vietnam Enterprise (LON:VEIL) Shares Down 0.9% - Here's Why

Key Points

• Vietnam Enterprise's stock declined by 0.9% on Thursday, trading at GBX 742 ($9.97), with a significant drop in trading volume of 53% compared to its average session.
• The company has a market capitalization of £1.25 billion and a notably high P/E ratio of 824.44, indicating its stock may be priced for significant future earnings growth.
• Founded in 1995, Vietnam Enterprise Investments Limited is recognized as the longest-running closed-end fund focused on Vietnam, investing in both listed and pre-IPO companies aimed at achieving strong growth and value metrics.

Vietnam Enterprise (LON:VEIL - )'s stock price traded down 0.9% on Thursday . The stock traded as low as GBX 742 ($9.97) and last traded at GBX 742 ($9.97). 121,811 shares were traded during mid-day trading, a decline of 53% from the average session volume of 259,079 shares. The stock had previously closed at GBX 749 ($10.07).

Vietnam Enterprise Price Performance

The firm's 50 day moving average is GBX 728.82 and its two-hundred day moving average is GBX 623.50. The firm has a market capitalization of £1.25 billion, a P/E ratio of 824.44 and a beta of 0.59.

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.

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