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 WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 17-May-2012
Ord| Price | 312.50p |
| NAV† | 371.69p |
| Prem/-Disc | -15.93% |
| Net Dividend Yield | 2.56% |
Subscription Shares
| Price | 112.50p |
Subscription shares may be converted into Ordinary shares at a fixed price of 200 pence per share at each calendar month end until 31 January 2013.
Source: Morningstar
NAV = Net Asset Value, excluding income, on a fully diluted basis (that is, assuming all Subscription shares in issue are converted into Ordinary shares)
† 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.
Literature
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
The objective of Aberdeen New Thai Investment Trust PLC is to provide shareholders with a high level of long-term, above-average capital growth through investment in Thailand.
Investing in a balanced Asian economy
April 2012
Thailand - looking beyond the headlines
“Bloody Protests”, “Worst Flooding in Decades” – these are just the sort of headlines to dissuade new investors and to send existing ones scurrying for the exits. Yet Adithep Vanabriksha, Chief Investment Officer of Aberdeen New Thai Investment Trust PLC, thinks Thailand could be one of the best countries in which to invest in Asia. Why?
MoreManager's Monthly Report
April 2012
Market review
Thai equities rose in sterling terms for a sixth straight month in March, boosted by a recovery in industrial production and foreign direct investment. Both private and external demand remained firm in February as well. Private investment and consumption were solid, while exports rebounded from the floods. In turn, business sentiment improved. In view of easing inflation, the Bank of Thailand kept its benchmark interest rate unchanged at 3%. Meanwhile, the government plans to invest US$70 billion in infrastructure over the next five years to enhance long-term competitiveness.
Portfolio Review
In March we participated in the initial public offering (IPO) of Thailand’s largest property fund to-date - the Tesco Lotus Retail Growth Freehold & Leasehold Property Fund. The IPO was heavily oversubscribed and had a successful debut gaining 9.6%. The fund has initially invested in 17 primarily freehold shopping malls anchored by Tesco Lotus hypermarkets. In corporate news, Big C is planning to issue shares via a private placement to fund expansion and repay debts after a much larger rights issue it proposed earlier was cancelled. Separately, it will operate its minimarts at Bangchak Petroleum service stations as part of its plan to open 1,000 outlets over the next five years. Siam Cement paid 150 million baht for majority control of Mariwasa Siam Ceramics, the largest ceramic tile producer in the Philippines. The company is also starting to open wholesale and retail Home Mart stores overseas. Kasikornbank, which has already signed cooperative agreements with seven banks in four ASEAN countries, aims to reach nine countries by year-end.
Outlook
While we remain cautious about whether the recovery in stock markets is sustainable, Thai stocks still appear attractive. Investor confidence is gradually returning to the country following the floods last year, thanks to the government’s reconstruction stimulus plan. On the economic front, policymakers see little to worry about in the short term. But geopolitical tensions in the Middle East are a concern, given that Thailand imports at least 80% of its crude oil from the Middle East. As such, any impact on inflation could be felt in the second half of the year.
Source: Monthly Factsheet Aberdeen Asset Managers Limited