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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abrdn Asia Focus Plc | LSE:AAS | London | Ordinary Share | GB00BMF19B58 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 2.50 | 0.89% | 284.00 | 77,369 | 16:29:59 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 283.00 | 286.00 | 284.00 | 282.00 | 284.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Unit Inv Tr, Closed-end Mgmt | 45.3M | 35.19M | 0.2293 | 12.34 | 431.95M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:24 | UT | 5,000 | 284.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/12/2024 | 12:11 | UK RNS | abrdn Asia Focus plc Net Asset Value(s) |
| 03/12/2024 | 07:00 | UK RNS | abrdn Asia Focus plc Kepler Trust Intelligence: New Research |
| 02/12/2024 | 17:24 | UK RNS | abrdn Asia Focus plc Transaction in Own Shares |
| 02/12/2024 | 15:05 | UK RNS | abrdn Asia Focus plc Gearing disclosure |
| 02/12/2024 | 10:12 | UK RNS | abrdn Asia Focus plc Total Voting Rights |
| 29/11/2024 | 17:11 | UK RNS | abrdn Asia Focus plc Transaction in Own Shares |
| 29/11/2024 | 12:42 | UK RNS | abrdn Asia Focus plc Net Asset Value(s) |
| 28/11/2024 | 17:08 | UK RNS | abrdn Asia Focus plc Transaction in Own Shares |
| 28/11/2024 | 12:31 | UK RNS | abrdn Asia Focus plc Net Asset Value(s) |
| 27/11/2024 | 17:11 | UK RNS | abrdn Asia Focus plc Transaction in Own Shares |
Abrdn Asia Focus (AAS) Share Charts1 Year Abrdn Asia Focus Chart |
|
1 Month Abrdn Asia Focus Chart |
Intraday Abrdn Asia Focus Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/12/2024 | 09:41 | Aberdeen Standard Asia Focus PLC | 110 |
| 26/11/2019 | 12:00 | Aberdeen Asian Smaller Com Inv Tst | 162 |
| 08/4/2006 | 07:28 | Aberdeen Asia: Big Discount | 13 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:35:24 | 284.00 | 5,000 | 14,200.00 | UT |
| 16:26:37 | 284.00 | 2,500 | 7,100.00 | AT |
| 15:14:36 | 283.00 | 8 | 22.64 | AT |
| 14:58:35 | 283.00 | 3 | 8.49 | AT |
| 14:58:35 | 283.00 | 62 | 175.46 | AT |
| Top Posts |
|---|
Posted at 03/12/2024 08:20 by Abrdn Asia Focus Daily Update Abrdn Asia Focus Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker AAS. The last closing price for Abrdn Asia Focus was 281.50p.Abrdn Asia Focus currently has 153,446,718 shares in issue. The market capitalisation of Abrdn Asia Focus is £434,254,212. Abrdn Asia Focus has a price to earnings ratio (PE ratio) of 12.34. This morning AAS shares opened at 284p |
Posted at 03/12/2024 09:41 by davebowler Overviewabrdn Asia Focus (AAS) is managed by a three-strong team consisting of Flavia Cheong, Gabriel Sacks, and Xin-Yao Ng who run a relatively concentrated portfolio of smaller companies from across the Asian region. They look to take advantage of the low levels of research in the asset class with a bottom-up, stock selection process to identify quality companies that others overlook. As such, the Portfolio will often look very different to those of its peers. As a result of this approach, stock selection is often the primary driver of Performance. This has been the case in the near term, with a number of recent stock picks, particularly in Taiwan and India, performing well and contributing to the trust comfortably outperforming its benchmark and peer group over the past year. The backdrop for Asia has changed notably recently, with fiscal headwinds easing as well as stimulus measures in China leading to a pickup in sentiment. Despite this, the trust, along with the wider sector, continues to trade at a wide Discount. The current level, around one standard deviation wider than the five-year average, has come as a result of share price performance failing to keep up with NAV returns. The board has recognised this value and has undertaken a significant share buyback programme. AAS also has an enhanced Dividend policy to support its investment case. Last year’s income, including another special dividend, was fully covered by revenue and left the trust with solid reserves. The trust’s historic yield is c. 2.9%, with dividends expected to grow over time. Kepler View Asian smaller companies are arguably the backbone of the growth opportunity of the region yet are chronically under-owned by investors. Managers Flavia Cheong, Gabriel Sacks, and Xin-Yao Ng have done an excellent job, in our opinion, to show what investors are missing out on by offering a portfolio of exciting, under-the-radar quality growth opportunities that have delivered impressive Performance as well as offering diversification benefits for a wider portfolio. More recently, the managers have narrowed the underweight to India, primarily through tapping into the attractive pipeline of IPO opportunities, as well as being highly selective on the best opportunities in Southeast Asia. This includes sizeable off-benchmark positions in the likes of Vietnam which further helps differentiate the trust (see Portfolio). We believe the trust’s current Discount level may offer an attractive entry point. The strong NAV performance of the past few months, driven by better sentiment towards the region and stock selection, has not been matched by share price returns. As such, we believe the discount not only belies the trust’s strong performance but also the potential of the wider asset class. |
Posted at 08/11/2024 17:45 by bmcollins But you do loseYou lose in how many shares you can buy and you lose a dividend to boot In my book that's losing! The price you pay for this downstairs protection is rather higher than you'd pay for a 6 months put if it was available imho |
Posted at 08/11/2024 16:26 by bmcollins At current price of 98.6 offered it lets you into the shares at 289 and they are offered now at 286.So what is the great attraction as I think if you convert this month you miss the eqity dividend as well. What am I missing ? |
Posted at 07/11/2024 16:35 by chinahere How easy or difficult is it to miss the conversion date and end up with the £1 back? As in do we get much notice from them?I agree that they look good - a sort of downside protected version of AAS. |
Posted at 07/11/2024 16:23 by davebowler From LSE -CULS Holders are reminded that on 4 February 2022 the sub-division of each fully paid ordinary share in the capital of the Company of 25 pence into 5 Ordinary Shares so the conversion price of the CULS was automatically and pro rata adjusted from 1,465p to 293p. |
Posted at 18/10/2024 08:25 by davebowler Panmure Liberum yesterday claimed volume of 10m shares in AAS (5m bought and sold). The Company repurchased 2m shares at 286p with the balance (3m) seemingly picked-up by institutions.They mentioned a reminder, that AAS charges a management fee based on market cap, so share buybacks are accretive to NAV and performance remains good. |
Posted at 23/9/2024 09:14 by davebowler Fund managers’ reportMarket review Equity markets experienced increased volatility in August, with Asian small caps rising in US dollar terms by month-end but falling in sterling terms. The first week of the month saw global markets decline sharply. This sell-off followed the US Federal Reserve’s (Fed) decision to keep rates unchanged alongside weak labour data, triggering recession concerns, as well as the unwinding of Japanese yen (JPY) carry trades after the Bank of Japan’s surprise rate increase led to a sharp rally in the JPY. Subsequently, however, markets rebounded thanks to more reassuring economic news in the US, while most Asian currencies rose against the US dollar. The benchmark MSCI AC Asia Ex Japan Small Cap Index returned -0.10% in sterling terms, while the Trust outperformed the benchmark by 98 basis points (bps). In relative terms, our stock selection in India was the leading contributor to returns. Our above-index exposure to Indonesia was also helpful. In market news, across the region, Southeast Asia outpaced North Asia and India. Indonesia, one of Asia's most rate-sensitive stock markets, was boosted by rising expectations of policy easing by the Fed, while Thai stocks rose on better-thanexpected gross domestic product (GDP) growth. In North Asia, stocks in Hong Kong outperformed their peers in mainland China, as more resilient earnings lifted internet names and high-yielding stocks drew interest. The decline in mainland China came amid mixed economic data. Meanwhile, the market in South Korea was a key laggard as memory stocks were weighed down partially by concerns over NVIDIA’s revenue guidance. Elsewhere, Indian stocks rose marginally on the back of soft quarterly earnings and GDP growth that reached its lowest in five quarters. At the stock level, the top contributor was South Korea’s Park Systems. The company, which develops specialised microscopes, rebounded following prior weakness in a technology led sell-off. In India, KFin Technologies was buoyed by continued momentum in investor flows and excitement about the potential for overseas expansion of its core registrar services. The share price of Vijaya Diagnostic Centre, a leading healthcare services company, hit an all-time high abrdn Asia Focus plc in August following robust quarterly results, while Uno Minda, which supplies auto components to original equipment manufacturers (OEMs), also enjoyed a strong month. Also in India, Aptus Value Housing Finance India contributed to relative returns. Its after-tax profit was in line with estimates and investors cheered its focus on affordable housing, which seem aligned to the government’s priorities following announcement of India’s most recent Budget. Meanwhile, in Vietnam, FPT Corp, our software IT conglomerate, pressed on with its good momentum, posting healthy results. Exposure to Taiwan-listed instrumentation company Chroma ATE and Taiwan Union Technology Corporation, which produces, copper clad laminates, also aided returns given outperformance against a weaker Taiwanese market. Hong Kong’s Dah Sing Financial Holdings Limited was another leading contributor, with the company releasing good quarterly results towards month-end with a substantial uplift in their interim dividend. On the other hand, the leading detractor was India’s Aegis Logistics, which saw some profit-taking on the back of strong performance in prior months. Another detractor was India-based APAR Industries, which released numbers that showed strength in its domestic business but weakness in, exports, particularly to the US. In the absence of any major launches, India-headquartered Prestige Estates Projects Ltd reported slower pre-sales. Elsewhere, South Korea’s Hansol Chemical delivered lower-than-anticipat materials segments. Earnings from Leeno Industrial were mixed with revenue that fell short of consensus due to the slower smartphone market recovery. Although margins were stronger than predicted, Leeno’s share price slid in August. In terms of key portfolio activity in August, we initiated a position in Cholamandalam Financial Holdings a diversified financial services group in India, offering vehicle finance, home loans, business loans, insurance, and investment services. It has a strong presence across India with a network of branches and a large customer base. Among its subsidiaries, Cholamandalam Investment and Finance is a highquality lender in India's informal lending segment. Another portfolio addition was India's Poly Medicure (PLMD), a founder-owned business that makes and sells consumable medical devices. PLMD has a broad product portfolio, with infusion therapy being the largest segment, but it is also looking to expand further in cardiology and critical care. The company is on track for double-digit revenue growth in fiscal year 2025 and beyond with management expecting strong growth in India due to new launches and an expanded marketing team. It is also investing in several new facilities for export to Europe and the US. Finally, we exited Bangkok Chain Hospital to fund better opportunities elsewhere. Outlook September is historically a difficult month for markets, and the first few days have borne that out. Technology stocks have become volatile again, after renewed concerns over AI-related stock valuations. Geopolitics simmer in the background, as it appears a dead heat for Donald Trump and Vice President Kamala Harris heading into the US presidential elections in November. At the same time, US rate cut expectations are rising, which is likely to support investor appetite in Asia as the US-Asia yield differentials narrow. At the time of writing, our in-house Global Macro Research team continues to expect 25bp cuts at each meeting of the US Federal Reserve this year and in the first half of 2025, with 50bp moves on the table in the case of significant growth scares. Market sentiment is likely to remain volatile over the short term against a stilluncertain backdrop, and we have continued to tighten the quality characteristics of our portfolio. We maintain our conviction in our holdings and their ability to navigate the various crosswinds buffeting markets, given their quality and fundamentals |
Posted at 30/5/2024 19:32 by davebowler Mick Gilligan of Killiks says activists own....36 per cent on Abrdn Asian Focus (AAS) |
Posted at 10/5/2024 08:46 by davebowler Considering the share price of the CULs is only 3% away from being 'in the money' i.e.284/293p = .97 the current price of the CULs at 97p allows for that! |
Posted at 10/5/2024 08:34 by davebowler From LSE -CULS Holders are reminded that on 4 February 2022 the sub-division of each fully paid ordinary share in the capital of the Company of 25 pence into 5 Ordinary Shares of 5p each, approved by shareholders on 27 January 2022 became effective and, in accordance with the terms of the Trust Deed, the conversion price of the CULS was automatically and pro rata adjusted from 1,465p to 293p. |
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