Thursday, February 2, 2017

WILL YOU BUY THIS HIGH-DIVIDENDS STOCK NOW?

Asian Pay Television Trust is currently trading at an undemanding Price-to-Earnings ratio of 9.8. At a Price-to-Book ratio of 0.481, Asian Pay Television Trust is undervalued. From a 52-week high of $0.64, the stock price of Asian Pay Television Trust has headed south, so much so that its dividend yield has become 17.59% with another website giving the dividend figure at 16.3%. Fundamental-wise, the Trust seems to have good figures to boost, except for its debt to EBITDA of 7.18 which seems high to me. Total debt of the Trust stands at $1.25 billion. In terms of Institutional Ownership, Temasek Holdings (Private) Limited has a 7.98% stake in the Trust.

After closing at a low of $0.375 in January 2017, Asian Pay Television Trust rallied by a good 5.2% on a high volume of 7.84 million yesterday to close at $0.405 yesterday (1 Feb 2017). The lower-term moving averages, having bottomed, seem to be inching up. Is this a sign of reversal for this beleaguered (stock-price wise) stock? Or will investors continue to believe that there must be a fundamental reason for the lacklustre performance of this Trust which might be continued? 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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