Elevator Pitch
I maintain a Neutral rating on Singapore-listed Taiwanese pay television and broadband business trust Asian Pay Television Trust (OTCPK:APTTF) [APTT:SP].
This is an update of my prior article on Asian Pay Television Trust published on February 14, 2020. Asian Pay Television Trust's unit price (excluding distributions) has declined by -25% from S$0.171 as of February 13, 2020, to S$0.127 as of June 10, 2020, since my last update. Asian Pay Television Trust trades at 10.4 times consensus forward next twelve months EV/EBITDA, and it offers a forward distribution yield of 7.8%.