Recent price weakness of Asian Pay Tv

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    Asian Pay Tv has affirmed paying $0.065 dividend for 2018. After the last result announcement, the price hit a high of $0.605. Since then, the price has accelerated to the downside over the last couple of weeks. Any adverse news?


    Research Department

    Thank you for the question.

    To our knowledge, there has been no negative news. Both Taiwan dollar and Taiwan interest rates (TAIBOR) has been stable. We can only assume at this juncture, there has been a sell down on interest rate sensitive stocks following the rise in SIBOR and US Treasury yields. For APTV, their interest rates have been swapped to fixed. In any event, TAIBOR has hardly moved, so there is no interest rate pressure.


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