Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

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Voya Asia Pacific High Dividend Equity Income Fund > From Rivaldo on London SE Board

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Post by Kenshoon Jan 13, 2017 10:05am

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Post# 25703723

From Rivaldo on London SE Board

Does anyone have access to the First Energy report? If so could you share. Thanks
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From Rivaldo - 140p is around $2.23 CND

GMP First Energy have today increased their target price to 140p (from 130p):

"Maintain BUY recommendation with a target price increased from £1.30 to £1.40 per share

In light of the cost structure at Harrier, we have reduced our capex expectations in 2018, 2019 and 2020. Our ReNAV has been increased from £1.26 to £1.40 per share. The shares trade at EV/DACF of only 3.5x in 2017, 3.0x in 2018 and 2.4x in 2019. Our new target price is in line with our ReNAV."

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