Aberdeen Asian Income Investors - AAIF

Aberdeen Asian Income Investors - AAIF

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Aberdeen Asian Income Fund Ltd AAIF London Ordinary Share GB00B0P6J834 ORD NPV
  Price Change Price Change % Stock Price Last Trade
2.00 0.87% 231.00 16:29:45
Open Price Low Price High Price Close Price Previous Close
224.00 224.00 231.00 231.00 229.00
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Top Investor Posts

goldpiguk: Hi pj fozzie, I have held HFEL for a few years. At the moment I am not buying more. In part this is because I really don't want to pay above NAV. (Some investors would argue the company deserves a premium rating because of the very high dividend.) In part it is also because the HFEL dividend seems so out of kilter with the rest of the sector. Although this is not a red flag, it sends me a strong message - approach with caution. I would not read too much into the rise in dividend reserves in the HFEL accounts. Their year end is 31st August so the latest accounts do not reflect twelve months of the pandemic. Off topic, I have been wondering if you are peterjohn from the old and much missed Motley Fool boards? They were much more civilised, although the IT boards here have very positive discussions. Goldpig
davebowler: Shares mag mention last week -Despite a narrowing of the discount to net asset value (NAV) from 11% to 7.7% at Aberdeen Asian Income (AAIF) there is still a value opportunity here.The positive re-rating should continue as investors pick up on the fund's improving performance, attractive income credentials – a 4.2% yield – andcontinuing cheap valuation.Aberdeen Asian Income seeks to provide investors with a total return primarily by investing in Asia Pacific shares, including those with an above-average yield, and aims to grow dividends (paid quarterly) over time.Investment bank Stifel argues the recent narrowing of the NAV discount has further to go as performance has improved 'substantially' since the manager modified the investment process.Although its five-year investment performance is the weakest within its peer group, Aberdeen Asian Income is the second best performing Asian income trust over three years on an NAV total return basis.There's scope for the re-rating of the investment trust to continueBuy Aberdeen Asian Income Fund at a discount balance sheets to support plump dividend payouts.Despite a strong rally in Asian markets since the start of 2019, the trust has managed to keep pace.Prospective investors are buying exposure to such locations as Singapore, a gateway to the emerging Asian economies and a good source of well governed, cash generative, dividend-paying companies such as tech firm Venture Corporation and conglomerate Jardine Cycle & Carriage.Underweight China, the manager nevertheless maintains its positive view on the Asian powerhouse's long-term consumer demand potential.Other portfolio positions include TSMC and Samsung Electronics, a tech pair with consistently growing dividends, Indian IT services firm Infosys and Korea-listed LG Chem, which has a platform for growth in the electric vehicle battery market.Analysts at Stifel say: 'Aberdeen Asian Income Fund remains our preferred choice in the Asian Income trust space. It is the cheapest trust in the sector by some margin, its investment style could be viewed as appropriate for a weakening economic backdrop and its performance has improved markedly since the manager reviewed their investment approach.'Aberdeen Asian Income Fund outperformed on a relative basis during 2018 as volatility returned to the markets. While its NAV total return fell 5.5%, this was ahead of the 8.3% decline for the MSCI All Country Asia Pacific ex-Japan index thanks to a focus on quality companies with strong franchises exposed to longer term growth trends and with the ABERDEEN ASIAN INCOME FUND ? BUY(AAIF) 216.5pStop loss: 173.2pMarket value: £64.6m
davebowler: Excellent research from Kepler; HTtp://www.trustintelligence.co.uk/investor/strategy/asian-income-16062017 extract.................... In fact, thanks to recent election chaos, the average discount across the AIC UK Equity Income sector has deepened to 6% (as of the 15th June), compared to a three-year average of 3.3%. Discounts across Aberdeen Asian Income, Henderson Far East Income and Schroder Oriental Income have also wide relative to their histories, though the average still stands at 2.4% at the time of writing. Aberdeen Asian Income is the “cheapest” from that point of view, given its current discount of 8.7%. The other two trusts currently trade at small premiums to NAV. A conclusion (of sorts) Obviously, the current price, low level of revenue reserve cover, a penchant for volatility and general macroeconomic headwinds are risks investors need to bear in mind, but the Asian income trusts can certainly be viewed as worthy rivals for the popular UK equity income trusts. Certainly, in a world that is fraught with potential risks, spreading your investments in order to generate diversification seems a prudent strategy. As such, for those who want to make sure their income stream isn’t too dependent on a handful of UK stocks, Asian income trusts may be worth closer inspection.
davebowler: Kepler report; ''Aberdeen Asian Income is the “cheapest” from that point of view, given its current discount of 8.7%. The other two trusts currently trade at small premiums to NAV.'' hTTp://www.trustintelligence.co.uk/investor/strategy/asian-income-16062017
kiwi2007: Todays FT.... http://www.ft.com/cms/s/0/fab59682-6c0b-11e5-8171-ba1968cf791a.html#ixzz3nsbI1SLB ......But what should private investors, who may not have large amounts of money for high-risk investments in uncertain Asian economies, do with all this information? For those that already hold Asian funds, it could strengthen confidence to hold on, instead of joining the panic selling. And for investors with enough risk appetite, Asian-focused investment trusts that either offer a high dividend yield or trade at a discount to their net asset value, may be worth exploring. John Newlands, an investment trusts expert at Brewin Dolphin, is currently recommending Aberdeen Asset Management’s Asian Income trust. As the chart below shows, the trust is trading at a slight discount to the market value of the stocks that it holds, with a dividend yield of around 5 per cent. “The presence of a decent dividend yield tends to underpin the [stock’s] rating,” Mr Newlands says, explaining that this — combined with Aberdeen’s “experienced” Asian management team — may attract new investors into the trust, “despite the volatility in this uncertain part of the world”.
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