Edison Investment Research - Aberdeen New Thai Investment Trust PLC (ANW) Aberdeen New Thai Investment Trust - Long-established Thailand equities specialist

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Edison Investment Research

Helena Coles

Aberdeen New Thai Investment Trust - Long-established Thailand equities specialist

Aberdeen New Thai Investment Trust (ANW) aims to deliver a high level of long-term capital growth, with the manager following a rigorous bottom-up, stock selection driven investment process. The trust has delivered strong absolute returns over the past 10 years, with an annualised NAV total return of 18.1%. Over the near term, the manager expects the ongoing US-China trade dispute to weigh on Thai equity market sentiment. However, it believes longer-term prospects remain very attractive. The portfolio is shifting in favour of small caps, where the manager can find less well-discovered, high-quality companies that are mispriced relative to their long-term intrinsic value.

13/06/2019 9 EN

Underlying

Aberdeen New Thai Investment Trust PLC

Aberdeen New Thai Investment Trust is a closed-end investment company. Co. provides shareholders with a high level of long-term, above average capital growth through investment in Thailand. Co.'s assets are invested in a portfolio of securities (substantially in the form of equities or equity-related securities such as convertible securities and warrants) in companies. Co. has appointed Aberdeen Fund Managers Limited (AFML), a wholly-owned subsidiary of Aberdeen Asset Management PLC, as its alternative investment fund manager. AFML provides Co. with investment management, risk management, administration and company secretarial services as well as promotional activities.

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GB0000059971 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Helena Coles

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Aberdeen New Thai Investment Trust - Long-established Thailand equities specialist

Aberdeen New Thai Investment Trust - Repositioned and ready to bounce on recovery

Aberdeen New Thai Investment Trust - Positive prospects for long-term investors

Aberdeen New Thai Investment Trust - Fast-growing region supports growth prospects

AGBA - A transformational deal

Biodexa Pharmaceuticals - In a period of transition

Norcros - Sale of Johnson Tiles UK agreed

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