Aberdeen New Thai Investment Trust PLC
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Investor Warning

Please be aware of scams that can affect investors.

Read our investor warning

 

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 01-Oct-2014

Ord
Price434.00p
NAV507.42p
Prem/-Disc-14.47%
Net Dividend Yield1.84%


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.

 
 
 
 
 

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 Annual Report for the Year Ended 28 February 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

August 2014

Market review

Thai equities finished August ahead, outperforming regional peers on the back of political progress and improving economic indicators.

As expected, General Prayuth’s election as prime minister, and his appointed cabinet, received a swift royal endorsement.

The domestic economy grew by a better-than-expected 0.4% in the second quarter, compared to the previous year, boosted by improvements in private and government spending. The good news was tempered slightly by the 0.9% contraction in exports, due to lacklustre global demand.

Portfolio Review

There were no significant portfolio changes in August.

PTT Exploration and Production reported better-than-expected results, due to improved sales and higher prices, with 10% of sales coming from its new Zawtika field, off Myanmar. Siam Cement’s profits were hurt by poor performance in its chemical and paper segments, while higher expenses dampened Advanced Info Service’s performance, despite healthy data growth. Banpu’s bottom line came under pressure from its weak coal business; although its robust power unit provided support.

The electronics cycle upturn helped Hana Microelectronics grow profits by 80% year-onyear. The retail sector also proved resilient: both Big C Supercenter and Home Product Center reported good results. Meanwhile, Minor International’s Bangkok restaurants, as well as its overseas hotels, contributed to it healthy sales. It also announced a US$64 million acquisition of eight hotels in Africa from Sun International.

Bangkok Dusit Medical Services’s profits rose 11% year-on-year, while it continued its acquisition spree, acquiring Save Drug, a retail drug store, and Phuket International Hospital. Bumrungrad Hospital’s performance was just as robust, benefiting from price increases and contributions from Ulaanbaatar Songdo, its Mongolian subsidiary.

Outlook

The junta has cemented its control over Thailand, with General Prayuth’s ascendance to the top job and his subsequent appointment of a military-studded cabinet. There remains much for the new government to contend with. Tourism, once a mainstay of the economy, has wilted amid months of political turbulence, while sluggish demand has hit the country’s all-important export sector. However, for now, political stability is welcomed; markets appear buoyant, consumer confidence is climbing and hopes are high that vital infrastructure investment will now be forthcoming. Any recovery is likely to be uneven; however, we are cautiously optimistic that growth will improve further in the second half, which should bode well for corporate bottom lines.


Source: Monthly Factsheet Aberdeen Asset Managers Limited