Aberdeen New Thai Investment Trust PLC
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Investor Warning

Please be aware of scams that can affect investors.

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NMPI Status

The Company currently conducts its affairs so that securities issued by Aberdeen New Thai Investment Trust PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of Aberdeen New Thai Investment Trust PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Aberdeen New Thai Investment Trust

 
 

Morningstar Ratings

Analyst Rating

Morningstar bronze award

Fund Rating

4 star Rating
 
 

Risk Warning

The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.

Read the detailed Risk Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 

Daily Data

At close 19-Dec-2014

Ord
Price453.50p
NAV505.32p
Prem/-Disc-10.26%
Net Dividend Yield1.76%


Source: Morningstar, NAV = Net Asset Value, excluding income.

† Basis of calculation for Net Asset Value Beginning in mid-January 2007, the onshore and offshore currency rates for the Thai Baht diverged following the introduction of exchange controls in Thailand on 18 December 2006. With effect from 23 March 2007, this divergence had reached a material level such that the Trust opted to calculate and publish subsequent daily net asset values using the onshore Thai Baht rate to value Baht-denominated assets. This replaces the offshore rate used historically.

 
 
 
 
 

Portfolio Holdings Disclaimer

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.

 
 

Trust Details

Aberdeen New Thai Investment Trust PLC

Registered Office:
Bow Bells House,
1 Bread Street
London
EC4M 9HH

Registered in England and Wales as an Investment Company Number 02448580

 

Aberdeen New Thai Investment Trust PLC

Objective

To provide shareholders with a high level of long-term, above-average capital growth through investment in Thailand.

 
 

Aberdeen New Thai Investment Trust PLC Half Yearly Report for the six months ended 31 August 2014
Orsen Karnburisudthi, Senior Investment Manager

In this webcast, Orsen Karnburisudthi gives an update on a wide range of subjects including performance, a sector breakdown, the twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation.

 

 

Manager's Monthly Report

November 2014

Market review

Thai equities rose in November, alongside most regional peers, as monetary easing by several major central banks boosted risk appetites and soft oil prices buoyed net oil importers. Unsurprisingly, the government hinted that the next general election might be delayed, as drafting the new constitution could take longer than anticipated.

Economic news was mixed. Exports rose again in October, while tourism rebounded, thanks to Chinese visitors taking advantage of the visa waiver. Auto production improved slightly in October from the previous month; however, it was still down significantly year on year, as were vehicle sales. Meanwhile, economic and export growth expectations for 2014 were downgraded again.

Portfolio Review

There were no major portfolio changes in November.

Advanced Info Service announced a strategy to transform itself into a digital life service provider. It earmarked 4 billion baht for a fixed broadband network and up to 20 billion baht to secure a 4G telecom-spectrum license. The company had a decent third quarter, supported by healthy non-voice revenues and lower regulatory fees. Despite PTT Exploration and Production deferring its Canadian oil sands project, it reiterated its sales target of 8% growth this year and 10% in 2015 thanks to additional production from Myanmar and Algeria.

Following its robust third-quarter performance, Bangkok Dusit Medical Services announced plans to complete six deals in the first quarter of 2015 that will add 1,000 beds to its total capacity. Bumrungrad Hospital also performed well on improved margins and good volumes from its newly-acquired Mongolian hospital.

In other results, Banpu benefited from increased coal sales, while Minor International’s overseas holdings compensated for the detrimental impact of Thailand’s martial law on domestic operations. Conversely, Thai Reinsurance reported a 2 billion baht loss due to final flood claims, while loss provisions also weighed on Thaire Life Assurance’s profits.

Outlook

Thailand’s economy has had much to contend with this year: political upheaval, sluggish exports, a waning tourist trade and high household debt chief among its challenges. Equity prices haven’t suffered though, despite foreign investors being net sellers. This could well be a long-term positive for the country’s markets. Certainly, any sign of an economic recovery or a rebound in earnings could pique offshore interest, while a market correction from current high levels, which wouldn’t be surprising, could also generate attractive buying opportunities.


Source: Monthly Factsheet Aberdeen Asset Managers Limited