Things are not good with Asian Paid TV Trust ("APTT") market price again. It tumbled down below the 50 cents support level this week. Strange thing is that there were no major news announced by APTT and there were huge volume that involved millions of units being sold off. This probably represented some selling by institutional investors.
I have previously mentioned in my other post that APTT is a risky stock due to its current business fundamentals. The share drop this week is a reflection of the volatility and investor risk perspective of this business trust. Please see Asian Pay TV Trust Review (Part 2) -Future Business Outlook
Hi Blade Knights
ReplyDeleteIts probably due to the fact the treasury yield hits the psychological 3% level yesterday hence the selloff in highly geared companies like aptt. Reits should also have some knee jerk reaction in the near term.