Kenno

🐝 Kenno - A Decade of Active Investing This month, we are proud to celebrate the 10th anniversary of Kenno. From our roots as a family office in Finland with a vision to capture the growth potential of Southeast Asia, we have evolved into an independent asset manager with an investment fund of USD 84 million today. Over the past ten years, we have stayed true to our core investment philosophy: active ownership of responsible portfolio businesses, while generating superior long-term value for our investors. Our current target market, Vietnam's emerging economy, continues to present unique growth opportunities that align perfectly with our vision and ethos. We'd like to thank all our clients, partners, and team members for being an integral part of this journey. Cheers to the next decade of active and sustainable growth! 👉 For a closer look at Kenno's journey since 2014, read our article here: https://lnkd.in/g_gs6pSr #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

🌱 Hyosung's $4B Investment in Vietnam Fuels Growth Recently, Hyosung Corporation announced a significant USD 4 billion investment in Vietnam, bringing its total investment in the country to USD 8 billion. Hyosung, a diversified conglomerate involved in chemicals, industrial machinery, IT, trade, and construction, is currently the third-largest South Korean investor in Vietnam, following Samsung and LG. In the first nine months of 2024, Vietnam saw a continued rise in foreign investment, with total registered FDI reaching USD 24.8 billion, up 11.6% year-over-year. This latest major inflow from Hyosung further indicates global confidence in Vietnam's stability and potential as a growing manufacturing hub in the APAC region. Hyosung is directing its investment into various sectors, including data centers, high-tech materials, aviation biofuel, and carbon fiber manufacturing. Additionally, it has invited the UAE's Abu Dhabi National Oil Company (ADNOC) to form a three-way partnership in Vietnam, focusing on clean energy. This collaboration is expected to not only foster opportunities in supporting industries like high-tech materials and infrastructure, but also attract further investment from the Middle East to Vietnam. For our portfolio at Kenno, this presents a positive signal across multiple sectors, particularly industrial real estate, technology, and consumer goods. We believe that domestic consumption sectors offer unique opportunities on Vietnam's sustainable development journey. If you're looking to diversify your portfolio while being part of this growth, feel free to drop us a message here or email us at info@kennogroup.com. #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

🌍 Investing Beyond Borders: How Vietnam Fits in the Story As investors across Europe continue their search for the next source of growth, emerging economies offer significant untapped potential. In our latest article, we explore how institutional investors in Finland are identifying new opportunities beyond established markets, and why now is a good time for European investors to establish a foothold in Vietnam. 👉 Read now: https://lnkd.in/gigNcAte With Vietnam expected to upgrade to an emerging market within a year's time, Kenno looks forward to supporting investors in navigating this evolving landscape and capitalizing on its growth potential. #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

⚕️Thai Nguyen International Hospital: Elevating Healthcare in Vietnam Last week, the board of directors of Thai Nguyen International Hospital JSC (ticker: TNH) visited multiple establishments of the Siloam Hospital Group, the owner of the largest private hospital network in Indonesia and a market leader in specializations such as Cardiology, Oncology, and Neurology. TNH is a prominent asset within Kenno's portfolio, driving positive impact in Vietnam’s healthcare sector. In Indonesia, Siloam has the largest network of private hospitals, with 41 facilities and roughly 4,000 beds across 23 provinces, achieving USD 550 million in revenue with an EBITDA margin of 31% in 2023. In Vietnam, TNH currently operates two hospitals with a total of 550 beds, generating USD 22 million in revenue with an EBITDA margin of 42% in 2023. Welcomed by the former president of Siloam Hospital Group, Mr. Romeo Fernandez Lledo, during a tour of some of Indonesia's leading private hospitals, TNH's board exchanged valuable insights and explored potential partnerships. This development propels TNH toward its goal of establishing a nationwide network of 10 general and specialty hospitals in Vietnam by 2030, aiming to provide accessible and high-quality healthcare across the country. At Kenno, we are pleased to see that TNH's long-term vision aligns with our active and sustainable investment approach, and we look forward to supporting and witnessing its continued growth. If you'd like to capitalize on Vietnam's evolving market, feel free to drop us a DM or email us at info@kennogroup.com. #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

🫀 Kenno Vietnam Pulse for September 2024 is out now! The latest issue of our newsletter features Vietnam’s long-term strategy to become a global semiconductor hub, the deepening partnership between Vietnam and the U.S. in high-tech sectors, as well as the fast-tracked timeline for the Long Thanh International Airport project. We also highlight Vietnam’s economic momentum against the temporary disruptions caused by Typhoon Yagi in September, along with positive signals for the VND, supported by favourable policies. 👉 Read the full article here: https://lnkd.in/gNGavyh8 If you'd like to receive these updates directly in your inbox each month, feel free to subscribe via DM or by emailing IR@kennogroup.com. #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

🏭 Long Hau Industrial Park Expects More Investment as Its Community Expands We are delighted to announce that Long Hau Group, our portfolio firm, has welcomed multiple tenants including Future Farms, Green Kitchen, and Mediexpress Vietnam, to its Long Hau Industrial Park in September. Developed by Long Hau Group (ticker: LHG), the 425-ha Long Hau IP is strategically located in Long An province, next to Ho Chi Minh City. It offers ready-built factories designed for smaller customers, particularly FDI companies in pharmaceuticals, food & beverage, mechanics, jewelry, medical equipment, and more. For the past couple of years, Long Hau Group has successfully maintained an occupancy rate above 90% across its industrial properties, with approximately 80,000 sqm of low-rise and 20,000 sqm of high-rise ready-built factories under management, alongside several new projects in development. In 2024, Vietnam continues to attract strong foreign investment, with disbursed FDI reaching USD 23 billion last year, after growing at a CAGR of 7.3% between 2013 and 2023. As sectors within industrial parks remain a major FDI magnet, our analysts at Kenno believe that demand for ready-built factories, like those at Long Hau IP, will continue to rise in the coming years. If you’d like to explore investment opportunities in Vietnam, kindly reach out via DM or email us at info@kennogroup.com. #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

📢 Great News for Foreign Investors: Vietnam Removes Pre-Funding Requirements Starting November 2, foreign institutional investors will no longer need to pre-fund their purchases of Vietnamese stocks, thanks to a new circular issued by Vietnam's Ministry of Finance. This development brings Vietnam closer to achieving emerging market status, making its stock market more accessible to global investors. It also highlights the government’s commitment to creating a more favourable investment environment, aligned with international standards. As Vietnam's stock market opens further to foreign capital, many high-quality yet undervalued businesses is expected to be poised for growth. This influx of institutional investment will help increase fair valuations, offering significant opportunities for investors seeking exposure to an emerging market with strong fundamentals.   At Kenno, we see this as a major step towards Vietnam’s inclusion in global indices, such as the FTSE Emerging Market Index. This means easier access to substantial institutional capital from pension funds, ETFs, and other professional investors, driving market stability and long-term growth. If you're considering entering or expanding your investments in Vietnam, we are ready to guide you through these exciting changes, providing strategic insights and local market expertise. Feel free to drop us a DM or an email to info@kennogroup.com. #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

🫀 Kenno Vietnam Pulse for August 2024 is out now! The latest issue of our newsletter features Vietnam’s new steering committee for the semiconductor industry, the country’s first-ever Generative AI Summit, and the appointment of three new Deputy Prime Ministers. We also highlight Vietnam’s export performance and the recovery of the VND as key developments supporting its ongoing economic growth. 👉 Read the full article here: https://lnkd.in/gVup5vfg If you'd like to receive these updates directly in your inbox each month, feel free to subscribe via DM or by emailing IR@kennogroup.com. #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

⚡ Billion-Dollar ‘500kV Circuit 3’ Project Amps Up North and Central Vietnam Passing through nine provinces, from Quang Binh to Hung Yen, the newly built Quang Trach – Pho Noi transmission line is expected to significantly increase and stabilize the power supply in the region, with a current capacity of 2,500 – 5,000 MW. This means that investors and manufacturers in northern industrial zones—Vietnam’s FDI hotspots—can be relieved of electricity concerns in the coming years, as continued production is now better guaranteed by an ample and sustainable energy reserve. Considered a key project for national power security, this 519km transmission line was constructed in just over six months, whereas similar-sized projects in the country would typically take 3-4 years to implement. Vietnam’s Prime Minister credited its rapid completion to the well-organized collaboration among various authorities, localities, businesses, and banks. Our team at Kenno believes that the 500kV Circuit 3 introduces new opportunities for foreign investment and supports continued economic growth, particularly in the manufacturing, technology, real estate, consumer goods, and logistics sectors across Vietnam. This development also fosters a favorable environment for increased domestic consumption, driving the growth of our portfolio companies. For further information, connect with us via email at info@kennogroup.com, or through a direct message. Stay tuned for more investment updates and insights from Vietnam! 💡 #Kenno #AsiaTopPicks #InvestInVietnam #AssetManagement #InvestmentAdvisory

On August 23, 2024, Kenno's investment team members Dung Nguyen and Giang Nguyen, participated in the AI4VN 2024 Summit, themed "Unlock the Power of Generative AI." AI4VN is an annual event, directed by Vietnam’s Ministry of Science and Technology since 2018. This year's summit explored both the opportunities and challenges of applying Generative AI (GenAI) across various sectors, emphasizing the potential impact of this cutting-edge technology.   "During the event, our team gained deep insights into the applications of GenAI in industries such as healthcare, finance, education, transportation, and agriculture," shares Kenno’s Senior Analyst, Dung. "We engaged in discussions and attended presentations from industry leaders including Viettel, Heineken, AIVA Group, MISA, FPT, Salesforce, Google, Meta, VNPT, and Vin Big Data. Additionally, we had valuable conversations with experts from FPT Smart Cloud, a subsidiary of our portfolio company FPT, about the future potential of AI," he continues.   Kenno was pleased to observe that FPT, one of its long-standing portfolio companies, won two awards at the summit. FPT AI Mentor, an innovative AI-powered solution, is transforming the training process for pharmacists at Long Chau, Vietnam's largest pharmacy chain, enhancing their ability to respond to customer inquiries faster and more efficiently. Additionally, FPT’s CodeVista, an AI solution designed to significantly increase programming productivity for engineers, was recognized for its potential to reduce coding time by 48% on average. By the end of 2024, FPT plans to deploy CodeVista across its entire engineering workforce of 30,000 professionals.   At Kenno, we believe in the power of thorough research. Attending events like AI4VN 2024 allows us to not only understand and support the growth of our portfolio companies but also to stay ahead of future trends by engaging with leading industry players. This approach strengthens our ability to make informed investment decisions and reinforces our commitment to identifying the most promising companies in Vietnam. Stay tuned for more insights from our research and industry engagements.   #Kenno #Vietnam #Investing #GenerativeAI #FPT