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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abrdn Asian Income Fund Limited | AAIF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 220.00 | 16:35:26 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 219.00 | 219.00 | 219.00 | 220.00 | 220.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 18/07/2024 | Interim | GBP | 0.0255 | 25/07/2024 | 26/07/2024 | 23/08/2024 |
| 16/04/2024 | Interim | GBP | 0.0255 | 25/04/2024 | 26/04/2024 | 24/05/2024 |
| 15/01/2024 | Interim | GBP | 0.0425 | 25/01/2024 | 26/01/2024 | 23/02/2024 |
| 10/10/2023 | Interim | GBP | 0.025 | 26/10/2023 | 27/10/2023 | 24/11/2023 |
| 19/07/2023 | Interim | GBP | 0.025 | 27/07/2023 | 28/07/2023 | 25/08/2023 |
| 18/04/2023 | Interim | GBP | 0.025 | 27/04/2023 | 28/04/2023 | 23/05/2023 |
| 12/01/2023 | Interim | GBP | 0.031 | 19/01/2023 | 20/01/2023 | 17/02/2023 |
| 13/01/2022 | Interim | GBP | 0.023 | 27/10/2022 | 28/10/2022 | 18/11/2022 |
| 13/01/2022 | Interim | GBP | 0.023 | 28/07/2022 | 29/07/2022 | 22/08/2022 |
| 13/01/2022 | Interim | GBP | 0.023 | 21/04/2022 | 22/04/2022 | 23/05/2022 |
| 13/01/2022 | Interim | GBP | 0.0275 | 20/01/2022 | 21/01/2022 | 17/02/2022 |
| 14/01/2021 | Interim | GBP | 0.0225 | 21/10/2021 | 22/10/2021 | 18/11/2021 |
| 14/01/2021 | Interim | GBP | 0.0225 | 29/07/2021 | 30/07/2021 | 20/08/2021 |
| 14/01/2021 | Interim | GBP | 0.0225 | 22/04/2021 | 23/04/2021 | 21/05/2021 |
| 15/01/2021 | Interim | GBP | 0.0255 | 21/01/2021 | 22/01/2021 | 17/02/2021 |
| 13/10/2020 | Interim | GBP | 0.0225 | 22/10/2020 | 23/10/2020 | 18/11/2020 |
| 22/07/2020 | Interim | GBP | 0.0225 | 30/07/2020 | 31/07/2020 | 21/08/2020 |
| 09/04/2020 | Interim | GBP | 0.0225 | 23/04/2020 | 24/04/2020 | 22/05/2020 |
| 14/01/2020 | Interim | GBP | 0.025 | 23/01/2020 | 24/01/2020 | 20/02/2020 |
| 11/01/2019 | Interim | GBP | 0.0225 | 24/10/2019 | 25/10/2019 | 15/11/2019 |
| Top Posts |
|---|
Posted at 23/9/2024 10:12 by davebowler Fund managers’ reportMarket and portfolio review Asian equities closed flat in August in sterling terms following a volatile start to the month. Global markets fell sharply following the US Federal Reserve’s decision to keep rates unchanged, triggering recession concerns, and an unwinding of yen carry trades after the Bank of Japan’s rate increase and a sharp rise in the yen. Subsequently, however, markets rebounded thanks to more reassuring economic news in the US and growing hopes of a soft landing for its economy, while most Asian currencies rose against the US dollar. Across the region, Southeast Asia outpaced North Asia and India. Indonesia, one of the most rate-sensitive stock markets in Asia, was boosted by rising expectations of Fed policy easing, while Thai stocks rose on better-thanexpected 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 gains in mainland China were more modest following mixed economic data. Meanwhile, the market in Korea was a key laggard as memory stocks were weighed down partially by concerns over Nvidia’s revenue guidance. Indian stocks also underperformed on the back of soft quarterly earnings and GDP growth that reached its lowest in five quarters. There were positive reports from a number of our holdings in August, especially in the financial sector. Hong Kong-based insurer AIA announced positive interim figures which showed the business remains strong, with good momentum in its key Chinese market. The company set itself a new operating profit after tax target over three years and the interim dividend was raised by 5% with a further US$2 billion (£1.53 billion) allocated to its share buyback scheme. Second-quarter results from Singapore banking group DBS were again easily the best out of the country’s three main banks. The performance was driven by a stable net interest margin, strong fees and resilient asset quality. The dividend was maintained and the outlook for the group was positive with expectations of mid-to-high single digit full-year profit growth. CEO Piyush Gupta announced that he will be retiring and DBS’ head of institutional banking, Tan Su Shan, will take over. She’s already proven to be competent, and we don’t anticipate any significant change in strategy in the short term. Meanwhile in Australia, both Commonwealth Bank of Australia (CBA) and National Australia Bank (NAB) posted decent results. For CBA, the main positives were less pressure on profit margins and good growth in the balance sheet. NAB saw similar underlying trends with strong loan growth and an improving net interest margin. Also in Australia, mining giant BHP reported better-than-expected free cashflow for the year to June and announced an unchanged final dividend. Elsewhere, Chinese internet group Tencent reported second-quarter growth in online gaming revenue along with net profits which comfortably beat expectations. The latter was mainly due to a higher share of profits from associates, which is likely to include PDD, and lower taxes. Second-quarter net profit at Taiwan-based electronics manufacturer Accton Technology was ahead of consensus. The gross profit margin was slightly lower than expected but is forecast to improve in the second half of the year In terms of portfolio activity in August, we exited our holding in Keppel Infrastructure Trust in view of better opportunities elsewhere. Outlook September has historically been a difficult month for markets, and the first few days have borne that out. Technology stocks have turned volatile again, after a sharp drop in Nvidia’s share price and renewed concerns over AI-related stock valuations. Geopolitics simmer in the background, as it appears a dead heat for Donald Trump and 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 differential narrows. Market sentiment is likely to remain volatile over the short term against a still-uncertain backdrop, and we have continued to tighten the quality characteristics of our portfolio, introducing and adding to names with greater near-term earnings visibility and steady cash flow generation, while actively reducing and exiting names where earnings are less visible. More broadly, we maintain our conviction in our holdings and their ability to navigate the various crosswinds buffeting markets, given their quality and fundamentals, which we believe will deliver good dividends for shareholders over the long run. |
Posted at 23/8/2024 12:07 by essentialinvestor Nice divi paid this morning. |
Posted at 16/7/2024 15:19 by davebowler Its NAV 15/7 , including Income, is 250.66p (Discount to NAV is 12% )Bonkers when HFEL (Henderson equivalent ) has dropped over 5 years and is at a premium to NAV !! The higher geared Invesco Asia has done even better than ours but with a lower divi. [...] |
Posted at 14/5/2024 13:26 by essentialinvestor Dave, what I like about AAIF is the more significant NAV discount v SOI (similar portfolios) plus a nice and growing dividend.The cherry on top is their current large NAV accretive buy backs. |
Posted at 13/5/2024 16:06 by davebowler AASC is also giving a divi of 2.25% plus at 96p pays out in one year 100p and also gives the holder the right to convert into ord. AAS shares at 293p.The AAS share price is only 3% below that level currently, at 284p, and trades about 14% below its NAV of 332p. |
Posted at 10/5/2024 14:52 by essentialinvestor AAIF ooks outstanding value v SOI atm?. |
Posted at 08/5/2024 15:02 by davebowler Time: 9.30am - 10.30amDate: Monday, 3rd June 2024 Location: Virtual and in-person (280 Bishopsgate, near Liverpool Street station) CPD: Certificates available Presenter: FM Please join lead fund manager Yoojeong Oh for an update on the abrdn Asian Income Trust. There is both a virtual and in-person option where we will be offering breakfast in our London office; please specify your preference when registering. Yoojeong will be providing investors with an update on the Trust as well as how the portfolio is currently positioned. Yoojeong is typically based in Singapore so this will be an opportune time for you to meet her and ask any questions that you may have. The Trust targets income and capital growth by investing in quality Asia-Pacific companies across the market cap spectrum. Environmental, social and governance (ESG) analysis is embedded in the research process. The Trust's strategic underweight to China has been significant contributor to performance and the Trust's management fee is one of the lowest in the peer group. If the registration link in the box does not work for you, please register by emailing abrdn.Investment.Tru We hope that you can join us |
Posted at 17/1/2024 12:25 by gateside With the dividend increase and the fall in the share price today, AAIF now yields 6% |
Posted at 15/1/2024 16:34 by panshanger1 That really was an excellent final dividend Yield now up to 5.7 % at 200 |
Posted at 24/11/2023 16:51 by davebowler Fund managers’ reportMarket and portfolio review Asian markets remained weak in October, in common with global equities, as investors turned more risk averse due to a spike in bond yields, concerns about higher-for-longer interest rates and the most recent conflict in the Middle East. Sentiment on China remained cautious despite better GDP and export data, fresh policy measures including 1 trillion yuan (£112 billion) in planned government bond issuance and improving US-China dialogue with a Biden-Xi meeting now seen as possible in November. Elsewhere, the Indonesian market was among the weakest in the region as trade data fell by more than expected year-on-year, and the central bank unexpectedly raised rates by 25 basis points. Downbeat updates from Tesla, GM and Ford weighed on the Korean market because of concerns over slowing demand for electric vehicles that will also affect the supply chain. The Indian market fell by less than the wider region, and Taiwan also proved resilient as exports to all its markets rose in September, reinforcing a recovery in technology exports. In corporate news, many of our holdings reported earnings in October that were in line with our expectations despite the challenging global macroeconomic backdrop. It was good to see resilient performances across a range of different sectors. In the technology sector, both Samsung Electronics and Taiwan Semiconductor Manufacturing Company (TSMC) reported better-than-expected third-quarter results. At TSMC, the company saw some stabilisation in demand which provided some confidence that the semiconductor cycle was near the bottom and 2024 should see more healthy growth generally. Samsung’s results also gave a clear signal that earnings were steadily improving. In Taiwan, the Fair Trade Commission (FTC) approved the merger of Taiwan Mobile and Taiwan Star Telecom Corp (TStar). The FTC imposed three conditions on the new merged entity, including the protection of customer rights, the improvement of service and network quality, and the promotion of fair market competition. The deal will now go to the Taiwan Stock Exchange for approval and the merger is due to be completed by the end of the year. Third-quarter figures from Singapore’s United Overseas Bank showed growth in net interest income and a good recovery in fees. Low to mid-single digit profit growth might still be achievable in 2024 and the dividend yield should hold above 6%. In the same sector, TISCO Financial Group (TISCO) beat expectations with a 5.8% rise in third-quarter net profits and said it will maintain its dividend in 2024, even if net profits fall, by increasing the dividend payout ratio. The half-yearly dividend payment was also expected to continue. Mining giant BHP reported a stronger-than-expect third quarter despite the usual scheduled maintenance in the first quarter across most assets. Copper production, iron ore shipments and nickel production were all better than expected, but coal production was much weaker. There were no major portfolio changes in October. As part of our ongoing ESG engagement, we engaged with Rio Tinto to discuss proposed changes to its remuneration policy, which are due to be tabled at the 2024 Annual General Meeting. We had questions about several aspects of the proposals, especially those related to performance measures and vesting thresholds for the long-term incentive plan, as well as the share deferral requirements for the annual bonus. We will continue our engagement in order to seek further clarification on those matters and to reiterate our views. Outlook We still see significant potential for China’s economy and market to spring back, given that much of the bad news has been priced in, while a fundamental recovery is gathering pace. The rollout of more supportive policies in a coordinated manner sends a strong signal to the market that the government is intensifying its effort to prop up the economy. The government's decision to raise the budget deficit to around 3.8% of GDP and approve a 1 trillion yuan sovereign bond issue bodes well for the economy and stock market in the months ahead. Outside of China, the rest of Asia is benefiting from global supply chain diversification. India is in the early stages of a cyclical upswing. As AI-related apps and chips start to proliferate, rising demand will boost the region’s semiconductor and consumer electronics segments. Asian valuations remain attractive versus markets like the US, along with expectations of better earnings performance in the fourth quarter and early 2024. There is also dividend support. Dividends of companies in the regional MXAPJ benchmark have been growing steadily, with Asia having the best dividend growth across major markets compared with pre-Covid levels. In addition, Asia’s 2024 dividend growth is likely to be healthy. Consensus estimates suggest that MXAPJ dividend growth is set to accelerate from a forecast 0.3% for 2023 to an expected 6.7% for 2024, led by consumer services, insurance, and staples retail. At the portfolio level, a “higher for longer” rate environment could pressure growth stocks and we have a relatively lighter positioning here. We remain focused on ensuring our conviction is appropriately reflected in our positioning. We are finding the most attractive opportunities around these structural themes: Aspiration, Building Asia, Digital Future, Going Green, Health & Wellness and Tech Enablers. We continue to favour fundamental themes, which we believe will deliver good dividends for shareholders over the long run. |
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