Interim Management Statement

RNS Number : 8211W

Scottish Oriental Smlr Co Tst PLC

16 June 2008

 



THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC

Interim Management Statement - 3 months to 30 May 2008

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

• Scottish Oriental's net asset value (NAV) fell by 0.4% over the period compared to falls 7.2% in the MSCI Asia (ex Japan) Index and 19.7% in the Nomura Asia Small Cap Index.

• The Trust's outperformance relative to the MSCI Asia (ex Japan) Index was largely due to its underweight position in China and India and overweight position in Singapore and Thailand.

• Smaller companies generally underperformed their larger counterparts over the three month period. 

• The share price rose 5.8% to 304.35p over the period resulting in a narrowing of the discount to net asset value to 11.6%.

General Information #

	30/5/2008	30/11/2007
NAV per share	344.15p	345.5p
Share price	304.25p	287.5p
Discount (premium)	-11.6%	-16.8%
Shares in issue	30,213,650	30,213,650
Net assets	£104.0m	£104.4m
Market capitalisation	£91.9m	£86.9m

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

This interim management statement and 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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