Abrdn Asia Focus Share Discussion Threads

[smithie6] 12/1/2022 13:04

Interesting

The reported NAV has notably fallen, 60-70p.

But not the share price.
A high chance that the share price will track the NAV & decline a bit.

[davebowler] 16/12/2021 09:26

NAV 14 Dec Aberdeen Standard Asia Focus Including Inc 1674.66p
with Debt at Fair Value

[davebowler] 13/12/2021 16:38

All time high!

[alan pt] 02/12/2021 18:24

More than almost nothing in China, don't think it is a big worry :-)

SST also has a low China weighting, but a very high (40%+) India weighting and has had a decent run lately. I'm actually inclined to reduce it and put more in here now, the fee reduction is very welcome!

[chinahere] 01/12/2021 20:43

Yes, that was the one thing I didn't like - my name may suggest otherwise - lol.

I do think it is still a good price here though and should hopefully perform.

[vacendak] 01/12/2021 20:38

Hmm... I was looking into this one as a "China light" IT for the Far East, but it seems it is going to be more into China now.

[smithie6] 01/12/2021 10:54

looks ok/good to me

[smithie6] 19/11/2021 13:58

the discount is ~£2.2 wrt the NAV (last one in vertical list)

~15%

in a rising trend that is a touch high perhaps
would 10% be more normal phps

[smithie6] 12/11/2021 16:12

last value in the table of NAV, in today's RNS....£16.78

last Friday, 7 days ago
= £16.56

& 2 weeks ago
=£16:14

so, rise in 2 weeks = £16.78- £16.14
= £0.64

4.0% !!

in 2 weeks

=====

& 1 calendar month ago
=£15.93

= + £0.85 in 1 calendar month, from £15.93

5.3%/ 1 month

one assumes that it cannot be maintained at that high rate, or can it, but still quite impressive

------

current discount of mkt price to NAV (if we use this one of the NAVs reported) =
(£16.78- £14.7)/£16.78= £2.08/£16.78 = 12.4% wrt the NAV used.

or wrt the mkt price the discount wrt the specific NAV value used is = £2.08/ £14.7= 14.2%

----

I think I would argue that the discount % is a bit too high, but that is partly because the share price has had a rapid rise up recently (4% in 2 weeks) so its no surprise if the rate of rise slows up a bit.

[davebowler] 28/9/2021 09:28

NAV 24 Sept Aberdeen Standard Asia Focus plc Including Inc 1626.16p
with Debt at Fair Value

[davebowler] 12/8/2021 13:01

11 Aug NAV for AAS -Aberdeen Standard Asia Focus plc 1563.29p
Fully Diluted Including Income

[davebowler] 12/4/2021 17:26

Its convertibles (AASC) are within spitting distance of being in the money -at last!

[davebowler] 12/4/2021 17:24

Aberdeen Asset Management PLC announces the unaudited net asset values (NAVs) of the following investment companies as at close of business on 9 April 2021. Unless otherwise disclosed, the NAVs have been calculated in accordance with the recommendations of the Association of Investment Companies. In particular: (1) financial assets have been valued on a fair value basis using bid prices, or, if more appropriate, a last trade basis; (2) debt is valued at par and, where applicable, debt is also separately valued at market value (3) diluted NAVs are disclosed where applicable (for this purpose, treasury shares are excluded for the purposes of calculation); and (4) provisions for performance fees are included where applicable.


Aberdeen Standard Asia Focus plc Including 1429.98p Ordinary
with Debt at Fair Value Income

[davebowler] 30/3/2021 17:03

NAV 29 Mar


Aberdeen Standard Asia Focus plc Including 1395.85p Ordinary
with Debt at Fair Value Income

[davebowler] 17/7/2020 14:17

Fund Commentary



HughYoung
Hugh Young

GabrielSacks
Gabriel Sacks



Aberdeen Standard Asia Focus

Share prices of smaller companies in Asia rose in June, chalking up further gains for the second-quarter. Optimism about the nascent economic rebound bolstered sentiment amid further relaxing of COVID-19 lockdowns. However, worries over the ensuing resurgence in new infections in several countries tempered the mood. Geopolitical risks also ratcheted higher.

We are cautious about the near-term outlook for global markets, given the apparent disconnect between equity prices and economic and corporate fundamentals. With the pace of recovery still uncertain, the sharp rally in equities feels a little ‘too much, too soon’. Governments are grappling with the delicate balancing act of re-opening economies while avoiding a resurgence in COVID-19 infections. What looks increasingly clear is that prolonged lockdowns are proving too costly for many emerging economies. Complicating matters further is the spike in US-China tensions, with the rift broadening out to areas other than trade. Notably, we are paying close heed to the rivalry in technology, which could disrupt smartphone supply chains and delay the rollout of 5G networks. In such a climate, it is no surprise that the outlook for corporate earnings has worsened. Many companies have lowered their profit forecasts, while dividend and capital spending are being cut where possible.

In spite of all this, Asia remains well-positioned as the powerhouse of global growth. Smaller companies in the region have also not featured as prominently as recipients of investment flows, meaning valuations remain relatively attractive. Our focus continues to be on good quality companies that are able to weather the current storm. We believe the portfolio’s defensive characteristics, with companies exhibiting balance sheet strength, visible revenue streams and healthy profit margins, will be invaluable. We also favour market-leading businesses that are hitched to structural growth drivers in Asia. This encompasses trends that have boomed during the pandemic, such as e-commerce and greater adoption of technology, alongside longer-term shifts, including rising demand for healthcare and infrastructure. Our aim will be to take advantage of market gyrations, putting capital to work in our highest-conviction ideas while exiting those with declining prospects.

[smithie6] 06/7/2020 12:14

hmmmm

maybe by still owning they can charge their % fee on those assets whereas if they cancelled them then they be able to since they wldnt exist any more

& also it would make the cap. value of the fund smaller & no fund wants that, they wanna grow, not shrink

[chinahere] 04/7/2020 10:31

Didn't they say they will buy their own shares on discount and also sell them should we get into premium?