| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 2.27 | -99 |
| Graham Formula | n/a |
Aberdeen New Thai Investment Trust Plc (ANW.L) is a UK-based investment trust focused on delivering long-term capital growth by investing primarily in Thai equities. Listed on the London Stock Exchange, the trust targets above-average returns through a diversified portfolio spanning sectors such as banking, automotive, energy, real estate, and consumer goods. Managed by Aberdeen Asset Management Asia Limited, the trust leverages deep regional expertise to capitalize on Thailand's dynamic economic growth and emerging market opportunities. With a strategic emphasis on sectors like finance, property development, and technology, ANW.L provides investors exposure to Southeast Asia's growth potential while mitigating risks through diversification. The trust's investment approach combines fundamental analysis with active management, aiming to outperform benchmarks like the Stock Exchange of Thailand (SET) Index. As a closed-end fund, it offers liquidity through its LSE listing while maintaining a long-term investment horizon. The trust's performance is closely tied to Thailand's economic trends, including tourism recovery, infrastructure development, and domestic consumption.
Aberdeen New Thai Investment Trust presents a specialized play on Thailand's equity market, offering diversification benefits for investors seeking emerging market exposure. The trust's FY2021 results showed a net income of 5.43 million GBPp (pence) and an EPS of 3.28p, supported by a dividend payout of 176.5p per share, indicating income potential. However, its beta of 1.07 suggests slightly higher volatility than the broader market. Key attractions include professional management by Aberdeen Standard Investments and sectoral diversification across Thailand's growth sectors. Risks include concentrated emerging market exposure, currency fluctuations (GBP-THB), and dependence on Thailand's political/economic stability. The trust's debt of 10 million GBPp against cash reserves of 189k GBPp warrants monitoring. Suitable for investors with higher risk tolerance and long-term Asia-focused allocation strategies.
Aberdeen New Thai Investment Trust competes in the niche segment of single-country emerging market funds with several competitive differentiators. Its primary advantage is the specialized focus on Thailand combined with Aberdeen Standard's on-the-ground research capabilities in Southeast Asia. The trust's multi-sector approach (spanning 15+ industries) provides diversification uncommon in more concentrated Thai equity funds. However, its closed-end structure may trade at discounts/premiums to NAV, unlike open-ended alternatives. Performance is benchmarked against the SET Index, requiring consistent stock-picking to justify active management fees. The trust's small size (~16.5 million shares) limits scalability but allows for nimble positioning in mid-cap opportunities. Competitive weaknesses include higher expense ratios typical of active EM funds and susceptibility to outflows during risk-off periods. Its dividend yield (historically ~4-5%) is competitive but not exceptional relative to Thai REITs or dividend-focused peers. The manager's ability to navigate Thailand's regulatory environment (e.g., foreign ownership limits) is a key value-add versus passive alternatives.