Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Equity Bottom-Up

TNG Investment & Trading Jsc / Equity Bottom-Up

<p>Vietnam's textile industry will be one of the strongest benefiting industries from the TPP, and TNG Investment and Trading JSC represents a strategic means for investors to take advantage of the benefits of this industry:</p><ul><li>TNG Investment and Trading JSC has adequately prepared for the TPP, by increasing its export network and developing the ability to produce its own materials, and is therefore poised to benefit strongly</li><li>TNG will be able to have the 17% tariff removed, while other companies unable to produce materials will not have the tariff removed, due to the "yarn forward rule"</li><li>The company already has a strong benchmark of growth from 2011-2015, and valuation is still very low relative to other consumer goods companies; the discount of this company to the VN Index is a unique opportunity</li></ul>

Vietnam's textile industry will be one of the strongest benefiting industries from the TPP, and TNG Investment and Trading JSC represents a strategic means for investors to take advantage of the benefits of this industry:TNG Investment and Trading JSC has adequately prepared for the TPP, by increasing its export network and developing the ability to produce its own materials, and is therefore poised to benefit stronglyTNG will be able to have the 17% tariff removed, while other companies unable to produce materials will not have the tariff removed, due to the "yarn forward rule"The company already has a strong benchmark of growth from 2011-2015, and valuation is still very low relative to other consumer goods companies; the discount of this company to the VN Index is a unique opportunity

TNG Investment and Trading JSC: Poised to Benefit Strongly from the TPP