When I saw the sharp drop in Asian Pay TV Trust (APTT) share price last night, I fainted. Boy, it was a whopping 50% drop in its share price overnight. Checking it out, this drop was purely in response to their latest dividend guidance of 1.2 cents annually for 2019 and 2020. This “1.2 cents” is even less that the 1.625 cents dividend that they are paying every quarter now. Looks like their cash situation and business outlook are much worse that what most people have imagined. At 1.2 cents annual dividend and with a share price of only 16 cents, the dividend yield has dropped to 7%. For me, I think it would have to go above 10% for me to even start thinking of it. While the management seems optimistic that situation will improve after 2020, I have completely lost my faith in them already. What can they ......