Saturday, April 22, 2017

Asian Pay Television Trust (APTT) - The Reasons Behind Its 7% Jump Yesterday?

If you are vested with the Asian Pay Television Trust (APTT), I am sure its performance yesterday (which is a whopping 7.14% jump to $0.525) put a smile on your face. Some of you might already took profit out of this "rare" jump. 

The question is what trigger the jump? 

Reading through numerous sites, my personal interpretation/guesstimate are :

1. Appointment of new CEO, Brian Mckinley and CFO, Somnath Adak. Prior to be appointed as the CEO, Brian Mckinley is the CFO of the trustee. This could be the reason that bring positive cheer to the market.

2. Steady performance for FY 2016 (a copy of FY2016 Annual Report can be found here).

3. Sumptuous Dividend Yield - Total distribution per unit for 2016 is 6.5 cents and the Chairman has indicated that distribution for 2017 will be consistent with 2016 at 6.5 cents (which translate into 12.3% dividend yield with the latest share price of 52.5 cents). 

Extracted from APTT's FY2016 Annual Report
Other side news about APTT:
1. Do you know who is the biggest institutional shareholder? It's non other than our very own Temasek Holdings Pte Ltd (held 7.98%) :-) 
source : Financial Times
2. Analysts are quite upbeat in their forecasts, with median target of 70.5 cents and high estimate of 90 cents. Even the low estimate is also sitting at 51 cents
source : Financial Times
I have been "secretly" monitoring this trust for a couple of weeks (I used to queue it at 45 cents but missed it twice), for now, I am looking at the entry price of 50 cents or lower.    


Note : DYODD (Do your own due diligent)

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