On 2 Feb 2017, I blogged about Asian Pay Television Trust (you can read the post here) , then the stock was trading at $0.405 and yesterday the stock closed at $0.455, a more than 12% upside. Then Asian Pay Television Trust traded at a Price-to-Book ratio of 0.481 and with a dividends yield of 17.59%. With yesterday’s closing price, Asian Pay Television Trust still traded at an attractive Price-to-Book ratio of 0.511 and a dividends yield of 16.57%. In the previous post, I have mentioned that the technical indicators were pointing to a bullish reversal and we now know that indeed that was true.
Will Asian Pay Television Trust continue to head north? Investors who buy now are, in my opinion, anticipating a good earnings announcement coming from Asian Pay Television Trust and a possible takeover of the Trust (this, I read ......