Aberdeen New Thai Inv Trust PLC Edison issues review on Aberdeen New Thai InvTrust
May 21 2018 - 3:18AM
RNS Non-Regulatory
TIDMANW
Aberdeen New Thai Inv Trust PLC
21 May 2018
London, UK, 21 May 2018
Edison issues review on Aberdeen New Thai Investment Trust
(ANW)
Aberdeen New Thai Investment Trust (ANW) is the only
London-listed investment trust focused on Thailand. The manager
follows a disciplined, bottom-up investment approach to find
quality companies that are attractively valued. Through its
investments, the trust also provides exposure to Thailand's
fast-growing neighbours of Cambodia, Laos, Myanmar and Vietnam.
Launched in 1989, ANW has delivered strong absolute long-term
returns; since inception to end-April 2018, the trust has achieved
an annualised NAV total return of 14.4%. However, in more recent
years, returns have lagged the benchmark and the shares have
persistently traded at a meaningful discount to cum-income NAV. On
2 May 2018, the board proposed a number of changes to address these
issues.
ANW's current discount to cum-income NAV of 14.7% is below the
three-year average of 15.7%. There is scope for the discount to
narrow if the recently proposed changes are successful in improving
the trust's performance and dividend yield, helping to retain
existing shareholders and attract a broader base of new
investors.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory
company, with offices in North America, Europe, the Middle East and
AsiaPac. The heart of Edison is our world-renowned equity research
platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
advisers and stakeholders. Edison Advisors leverages our core
research platform to provide differentiated services including
investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact Edison:
Helena Coles, +44 (0)20 3077 5700
Gavin Wood, +44 (0)20 3681 2503
Investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAABMPTMBBTMFP
(END) Dow Jones Newswires
May 21, 2018 04:18 ET (08:18 GMT)
Aberdeen New Thai Invest... (LSE:ANW)
Historical Stock Chart
From Apr 2024 to May 2024
Aberdeen New Thai Invest... (LSE:ANW)
Historical Stock Chart
From May 2023 to May 2024