Interim Management Statement

RNS Number : 6281N

Scottish Oriental Smlr Co Tst PLC

15 June 2010

 



THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC

Interim Management Statement - 3 months to 31 May 2010

Scottish Oriental aims to achieve long term capital growth by investing in mainly 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 9.7% over the period compared to increases of 5.1% in the MSCI AC Asia ex Japan Index and 5.2% in the MSCI AC Asia ex Japan Small Cap Index.

·      The Trust outperformed both the MSCI AC Asia ex Japan Index and the MSCI AC Asia ex Japan Small Cap Index over the three month period owing to the relatively strong performance of its holdings in Indonesia, the Philippines and Thailand.

·      The share price rose 9.5% to 445.5p over the period resulting in a marginal widening of the discount to NAV to 13.0%.

General Information #

	31/5/2010	28/2/2010
NAV per share	511.8p	466.6p
Share price	445.5p	407.0p
Discount to NAV	13.0%	12.8%
Shares in issue	30,213,650	30,213,650
Net assets	£154.6m	£141.0m
Market capitalisation	£134.6m	£123.0m

# 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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