Aberdeen New Thai Inv Trust PLC Edison reviews on Aberdeen New Thai Inv Trust
13 Junho 2019 - 9:16AM
RNS Non-Regulatory
TIDMANW
Aberdeen New Thai Inv Trust PLC
13 June 2019
London, UK, 13 June 2019
Edison publishes review on Aberdeen New Thai Investment Trust
(ANW)
Aberdeen New Thai Investment Trust (ANW) aims to deliver a high
level of long-term capital growth, with the manager following a
rigorous bottom-up, stock selection driven investment process. The
trust has delivered strong absolute returns over the past 10 years,
with an annualised NAV total return of 18.1%. Over the near term,
the manager expects the ongoing US-China trade dispute to weigh on
Thai equity market sentiment. However, it believes longer-term
prospects remain very attractive. The portfolio is shifting in
favour of small caps, where the manager can find less
well-discovered, high-quality companies that are mispriced relative
to their long-term intrinsic value.
ANW trades at a discount to cum-income NAV of 15.1%, which is
one of the widest among peers. The board introduced a number of
changes in 2018 to help improve returns to shareholders and seek to
tighten the discount, including a significant increase in the
dividend, resulting in an attractive yield of 3.1%. These measures
may help ANW's discount to narrow over time.
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