Indochina Capital names Mahony as fund manager

Tuesday, May 27, 2008
Terry Mahony, who is currently serving as a non-executive director of Indochina Capital Viet Nam Holdings, has been appointed an executive member of the management of the entity that manages the fund. He will remain on the board of directors of the fund itself. The new appointment is effective June 2.

The closed-end fund, listed on the London Stock Exchange, provides institutional investors exposure to prelisted equity, state-owned entity equity, listed equity, fixed income, short-term instruments and other investments in Vietnam, where it has a nine-year track record.

In his new role, Mahony will serve as co-CIO along with current CIO Tung Kim Nguyen. As well as help run money, he will also play an active role in training the next generation of equity managers at the firm.

"We have a wealth of promising talent available to us in Vietnam," says Peter Ryder, CEO of Indochina Capital Corporation, the parent of Indochina Capital Advisors, the company which manages the fund. "Working with someone of Terry's seniority and experience will accelerate their development." This will also free up Ryder's time to focus on the more strategic aspects of the business.

Mahony has lived in Asia since 1981 in several careers, many focused on emerging-market finance, interrupted by a stint running a Latin American fund for Baring Asset Management. He built HSBC Investments' global emerging-markets capacity in the early 1990s, and then did the same for Trust Co of the West and TCW Asia in the mid-1990s. Since 2000, he has been responsible for asset allocation for global institutional portfolios at Investment manager Selection, a role he continues. (Asian Investor)

Indochina Capital enlarges VHG-coded shares

Tuesday, April 22, 2008
Viet Han Production and Investment Joint Stock Co (coded VHG) recently announced that Indochina Capital Vietnam Holding Limited bought more 60,000 VHG-coded shares, bringing the total shares to 3,554,800 shares or 14.22% of chartered capital.
Earlier, Indochina Capital Vietnam Holding Limited hold 3,494,800 shares or 13.88% stake of Viet Han Co.
In the fourth quarter of 2007, the company made a revenue of 89.828 billion dong and 6.759 billion dong from after tax profit, bringing the total figures of the whole year to 700.48 billion dong and 86.204 billion dong respectively, a year-on-year increase of 70.76% and 35.89%.
This year, the company plans to bring one trillion dong in revenue and 110 billion dong from after tax profit, pay dividend of 20% and approve many projects with the total investment capital of 325 billion dong.
The company's shareholders' meeting recently passed the plan to buy back 6.25 million shares or 25% of chartered capital to stabilise the price and serve its long-term targets.
Ending the trading session on April 18, VHG-coded shares added 500 dong or 1.82% to 28,000 dong per share with 11,060 shares being traded.

Indochina Capital to spend US$25m on buying ITC-coded shares

Saturday, April 12, 2008
Indochina Capital to spend US$25m on buying ITC-coded shares
Indochina Capital Group, ICC's securities investment fund, recently signed an agreement with ITC International Transportation Joint Stock Co (coded ITC), the Viet Nam's biggest transportation firm, to buy ITC-coded shares worth US$25 million.
According to Indochina Capital, the agreement marked the first participation and contribution of Indochina Capital in field of sea transportation in Viet Nam. At the same time, the agreement also showed the Indochina Capital's orientation to invest in private shares.
Being the strategic investor, Indochina Capital pledged to provide long-term capital and support ITC in key business activities.
ITC with the headquarters in HCM City specialises in dry goods transportation and ranks the fourth position amongst domestic sea transportation firms.