Interim Management Statement

RNS Number : 9509X

Scottish Oriental Smlr Co Tst PLC

14 December 2010

 



THE SCOTTISH ORIENTAL SMALLER COMPANIES TRUST PLC

Interim Management Statement - 3 months to 30 November 2010

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 13.0% over the period compared to increases of 11.1% in the MSCI AC Asia ex Japan Index and 12.2% 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 20.6% to 583.0p over the period resulting in a narrowing of the discount to net asset value to 5.8%.

General Information #

	30/11/2010	31/8/2010
NAV per share	619.14p	547.78p
Share price	583.00p	483.50p
Discount to NAV	5.8%	11.7%
Shares in issue	30,213,650	30,213,650
Net assets	£187.1m	£165.5m
Market capitalisation	£176.1m	£146.1m

# 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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