Fidelity Asian Values (LON:FAS) Announces Earnings Results

Fidelity Asian Values (LON:FAS) issued its quarterly earnings results on Tuesday. The company reported GBX 7.88 ($0.10) earnings per share for the quarter, Digital Look Earnings reports. Fidelity Asian Values had a return on equity of 3.04% and a net margin of 50.86%.

Fidelity Asian Values Stock Up 0.4 %

Shares of LON:FAS traded up GBX 2 ($0.03) on Thursday, reaching GBX 506 ($6.51). 22,898 shares of the company’s stock were exchanged, compared to its average volume of 103,980. Fidelity Asian Values has a fifty-two week low of GBX 467.25 ($6.02) and a fifty-two week high of GBX 549.86 ($7.08). The business’s 50-day moving average is GBX 495 and its two-hundred day moving average is GBX 500.31. The firm has a market capitalization of £352.28 million, a price-to-earnings ratio of 30.90 and a beta of 0.56.

Fidelity Asian Values Company Profile

Fidelity Asian Values PLC provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

The Trust favours smaller companies as this gives it the opportunity to find mispriced businesses, the “winners of tomorrow”, before they become well known.

With more than 18,000 listed companies in Asia – which is more than the rest of the world put together – there is a huge opportunity for a fundamental research driven stock picker who can fully utilise Fidelity’s extensive locally based analyst team.