Abrdn Asia Focus Share Discussion Threads

[davebowler] 30/3/2021 16:03

NAV 29 Mar


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

[davebowler] 17/7/2020 13:17

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 11:14

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 09:31

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

[smithie6] 03/7/2020 23:00

32M shares

+7 million in treasury

what's the story ??

biggest % held in treasury that I have ever seen

[chinahere] 18/1/2020 23:33

I like the discount and share buybacks but how well does this fund perform against other Asian focused funds / ITs?

[davebowler] 19/12/2019 10:48

New name for Aberdeen Asian Sm Co's

[davebowler] 17/9/2019 12:47

17 Sep NAV Aberdeen Standard Asia Focus Including Income 1237.99p

[davebowler] 24/6/2019 15:55

21 Jun Aberdeen Standard Asia Focus plc Including Income 1244.98p

[davebowler] 10/4/2019 11:11

8/4/19 NAV Aberdeen Standard Asia Focus plc Undiluted Including Income 1203.99p Ordinary

[davebowler] 12/11/2018 17:58

htTPs://citywire.co.uk/investment-trust-insider/news/aberdeen-asian-smaller-demands-hugh-young-overhaul/a1174801?re=59791&ea=25BulkEmail_Investment+Trust+Insider+Weekly&utm_medium=BulkEmail_Investment+Trust+Insider+Weekly&utm_campaign=BulkEmail_Investment2901&utm_source=+Trust+Insider+Weekly

[chinahere] 09/5/2018 21:28

The CULS pay a dividend and may be eventually converted, but they would cost £1 each and there is nothing to sell now is there?

[topvest] 09/5/2018 20:26

I've not. Converted mine to Ordinary Shares. New loan stock terms don't look great. Obviously lower risk to take them though!

[the oak tree] 09/5/2018 17:02

Whats the view on whether to take up the offer re Asian Smaller Co?

[davebowler] 09/5/2018 14:13

8 May NAV Aberdeen Asian Smaller Cos Investment Trust Fully Diluted Including Income 1213.39p Ordinary

[davebowler] 14/2/2018 13:29

13% discount to NAV