Asian Pay TV has dropped to $0.710. Day range is 0.705 – 0.725. This is an all time low price since its debut on 29 May 2013. According to Bloomberg, average analyst target is $0.857. Estimated yield is around 11.4%. RSI is also trading at all time low at 14.4. Asian Pay has slid 14.8% from an intraday high of $0.815 on 21 Oct 2015 to the current price of $0.710. The underperformance is stark compared to the 4.3% decline in the FTSE ST Real Estate Investment Trusts Index (“FTSE Reit”) over the same period. With reference to Chart 1 below, Asian Pay is entrenched in a strong downtrend with declining exponential moving averages (“EMAs”). Indicators such as RSI and MACD are at or near all time lows, indicative of extreme selling pressures. There may be a short term rebound ......