skip to content


Edison review on Scottish Oriental Smaller Cos

10 November 2016 15:44

Edison has issued a research review on Scottish Oriental Smaller Companies.

It says: "Scottish Oriental Smaller Companies Trust (SST) aims to generate long-term capital growth by investing in a portfolio of small-cap Asia ex-Japan equities.

"Vinay Agarwal is the interim lead fund manager while Wee-Li Hee is on maternity leave; he is assisted by Martin Lau, Scott McNab and the broader First State Stewart Asia team. Stocks are selected on a bottom-up basis, with a view to preserving capital on the downside as well as achieving capital growth.

"SST has significantly outperformed the peers and the MSCI AC Asia ex-Japan and MSCI AC Asia ex-Japan Small Cap indices over both five and 10 years.

"SST's current 14.4% share price discount to cum-income NAV is wider than the averages of the last one, three, five and 10 years (range of 6.3% to 13.3%). The discount has been widening over the last three years as emerging market equities have been out of favour, hence there is the scope for it to narrow if investor appetite for Asian equities increases.

"There is no formal discount control mechanism in place, but SST has repurchased shares in the last couple of years. SST aims to at least maintain the level of its annual dividend, paying out of revenue reserves when necessary; the current dividend yield is 1.2%."

The full report is available at:

At 3:44pm: (LON:SST) Scottish Oriental Smaller Companies Trust Plc the share price was +5p at 934p

Story provided by

Related Company: SST

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.