Friday, February 17, 2017

WILL THIS HIGH DIVIDENDS, UNDERVALUED STOCK RALLY FURTHER?


Asian Pay Television Trust
On 2 Feb 2017, I blogged about Asian Pay Television Trust (you can read the post here) , then the stock was trading at $0.405 and yesterday the stock closed at $0.455, a more than 12% upside. Then Asian Pay Television Trust traded at a Price-to-Book ratio of 0.481 and with a dividends yield of 17.59%. With yesterday’s closing price, Asian Pay Television Trust still traded at an attractive Price-to-Book ratio of 0.511 and a dividends yield of 16.57%. In the previous post, I have mentioned that the technical indicators were pointing to a bullish reversal and we now know that indeed that was true.

Will Asian Pay Television Trust continue to head north? Investors who buy now are, in my opinion, anticipating a good earnings announcement coming from Asian Pay Television Trust and a possible takeover of the Trust (this, I read from some online forums, not sure whether it is pure speculation). Also, with Temasek Holdings having a stake in the Trust and good dividends, it might be still assuring for investors to hold the Trust. Will this high dividends Trust continue to rally? Investors will all be looking at the Trust’s earnings results. Good results will send the Trust higher in price and not so good results will send the Trust to a more modest price levels. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
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