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Consensus community valuation
$1.095
Average Intrinsic Value
11.9%
Undervalued by
Active Member Straws
#Bull Case
Added 8 months ago

EAI trading at a discount to NTA of about 17%. Buyback in place, lower fees than other Asia LICs. Still needs to recoup a bit of underperformance before performance fees kick in. Although performance has picked up recently. The region has underperformed and the supply from new Asian LIC rival VGI partners probably hasn’t helped the share price of EAI.

I see that City of London Investment Management has become a substantial shareholder. This is positive in making sure management are more aligned with shareholder’s interests.

Since mid September I notice rival PAI has bounced about 10% but EAI almost flat. Seems some large sellers are about in EAI but perhaps more buying from City of London or other investors will soak it up soon. Those that missed the bounce in PAI might turn their eyes to EAI.

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