Edison Investment Research - Aberdeen New Thai Investment Trust PLC (ANW) Aberdeen New Thai Investment Trust - Repositioned and ready to bounce on recovery

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Edison Investment Research

Pedro Fonseca

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

Aberdeen New Thai Investment Trust (ANW) is the only London-listed investment trust focused on investing in Thailand and the manager Aberdeen Standard Investments (ASI) believes the Thai equity market remains inefficient. During 2020, the ANW team rebalanced the portfolio. ANW was not well positioned for the unforeseen pandemic and subsequent market rout, and performance disappointed. Nevertheless, the manager picked up undervalued stocks during the 2020 sell-off. The manager expects quality companies within the rebalanced portfolio that are market leaders to better weather the impacts of the pandemic and generate sustainable long-term returns.

29/01/2021 11 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

Pedro Fonseca

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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

Canadian General Investments - Adding to positive long-term performance record

Recce Pharmaceuticals - Advances on several fronts

PB Holding - Net loss of €2.6m in FY23

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