Interim Management Statement

RNS Number : 8605D

Scottish Oriental Smlr Co Tst PLC

09 December 2009

 



THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC

Interim Management Statement - 3 months to 30 November 2009

Scottish Oriental aims to achieve long term capital growth by investing in smaller Asian quoted companies with market capitalisations under US$1,000m, or the equivalent thereof, at the time of first investment.  Asia is deemed to include the Indian subcontinent but excludes Japan and Australasia.

• Scottish Oriental's net asset value (NAV) rose by 11.4% over the period compared to increases of 10.4% in the MSCI AC Asia ex Japan Index and 12.9% in the MSCI AC Asia ex Japan Small Cap Index.

• The Trust's outperformance relative to the MSCI AC Asia ex Japan Index was largely due to its exposure to smaller companies which achieved higher returns than their larger counterparts over the three month period. 

• The share price rose 12.9% to 369.75p over the period resulting in a narrowing of the discount to net asset value to 10.1%.

General Information #

	30/11/2009	31/8/2009
NAV per share	411.25p	369.22p
Share price	369.75p	327.50p
Discount to NAV	10.1%	11.3%
Shares in issue	30,213,650	30,213,650
Net assets	£124.3m	£111.6m
Market capitalisation	£111.7m	£98.9m

# The information provided above is based on unaudited, capital only figures.

Up to date NAV and share price information is available on First State Investments website www.firststateinvestments.com.

For further information please contact:- Susie Rippingall at First State Investments in Hong Kong by telephone [phone]) or email ([e-mail]).

 

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