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Pacific Assets (LON:PAC) Hits New 1-Year High - What's Next?

Pacific Assets logo with Financial Services background
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Key Points

  • New 52-week high: Pacific Assets reached GBX 409.98 (last GBX 407) on Friday with 118,073 shares traded and a market cap of about £465.05m, while its 50- and 200-day moving averages sit at GBX 380.87 and GBX 375 respectively.
  • Mixed fundamentals: The trust reported quarterly EPS of GBX 5.60 and revenue of GBX 991m, but shows a negative net margin (-29.27%) and negative return on equity, reflected in a trailing PE of -110.
  • Investment focus: Pacific Assets is a closed-ended equity trust managed by First State that targets growth stocks across the Asia-Pacific region (excluding Japan, Australia and New Zealand) with an emphasis on sustainable development.
  • MarketBeat previews top five stocks to own in June.

Pacific Assets (LON:PAC - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as GBX 409.98 and last traded at GBX 407, with a volume of 118073 shares changing hands. The stock had previously closed at GBX 406.

Pacific Assets Stock Up 0.2%

The company has a market cap of £465.05 million, a PE ratio of -110.00 and a beta of 0.65. The company's fifty day moving average is GBX 380.87 and its 200-day moving average is GBX 375.

Pacific Assets (LON:PAC - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The investment trust reported GBX 5.60 earnings per share for the quarter. The firm had revenue of GBX 991 million for the quarter. Pacific Assets had a negative return on equity of 0.93% and a negative net margin of 29.27%.

Pacific Assets Company Profile

(Get Free Report)

Pacific Assets Trust plc is a closed ended equity mutual fund launched by Frostrow Capital LLP. It is managed by First State Investment Management (UK) Limited. The fund invests in public equity markets of the Asia-Pacific region, excluding Japan, Australia, and New Zealand. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies, with an emphasis on companies which are well positioned to benefit from and contribute to sustainable development of the countries in which they operate.

Further Reading

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