Technically, Asian Pay Tv Trust (S7OU) listed on the SGX seems to be bottoming up. The recent low was $0.560 and it closed at day high of $0.610 on 21 April 2016. If the resistance of $0.610 is broken, there should be more upside to about $0.635. If $0.610 resistance is not broken, the support will be at $0.60 and $0.590.
Dividend yield projected for this year is 6.5% to 7.0%. Macquarie Singapore has divested APTT to Dynami Vision that is controlled by Lu Fang-Ming. http://www.btinvest.com.sg/markets/news/128173.html?source=si_news
Lu Fang-Ming is the Chief Executive Officer and Director of Hon Hai Precision Co., Ltd also known as Foxconn Technology Group. http://www.bloomberg.com/research/stocks/people/person.asp?personId=27865056&privcapId=883723
Foxconn is the world's largest electronic contractor manufacturer.
It will be interesting how he can contribute to Asian Pay Tv Trust when the takeover is completed.
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