Asiasons Capital

Asiasons Capital: 1Q12 results showed revenue at $5.3m, +34% yoy, driven by larger gains from private equity investments. Net profit almost doubled to $16m, boosted by $13.8m of other income, arising from increase in fair value of its financial assets. Recent notable shareholding movements include Sunmax Global Capital Fund as new significant sh/h with 5.3% stake, and Asiasons Investment Managers paring down its stake by the same 5.3% to 34.6%, by virtue of pledge shares to Sunmax. The stock trades at 2.2x P/B. Interesting to note that Asiasons Capital website lists SGX –listed Chaswood Resources and LionGold amongst its investment portfolio.