Scottish Oriental Smaller Companies Trust PLC
To achieve long-term capital growth by investing mainly in smaller Asian quoted companies with market capitalisations under US$5,000m, or the equivalent thereof, at the time of investment. For investment purposes, the investment region includes Australasia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam. Countries in other parts of Asia may be considered with approval of the Board.
Cumulative performance
| Period | Trust | MSCI AC Asia (ex Japan) Small Cap Index |
|---|---|---|
| 3M | -4.60% | +4.90% |
| 6M | -2.80% | +16.30% |
| 1Y | -6.20% | +35.00% |
| 3Y | +14.10% | +59.40% |
| 5Y | +36.40% | +59.30% |
| 10Y | +94.00% | +186.50% |
Top holdings · top 10: 37.90%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | Hansol Chemical | 5.20% | |
| 2 | Silergy | 4.90% | |
| 3 | Sunny Opticals | 4.00% | |
| 4 | Liteon Tech | 3.60% | |
| 5 | Airtac International | 3.50% | |
| 6 | Century Pacific Food | 3.40% | |
| 7 | Atour Lifestyle | 3.40% | |
| 8 | KEI Industries | 3.30% | |
| 9 | ASMPT | 3.30% | |
| 10 | Tripod Tech | 3.30% |
Portfolio breakdown
| Industrials | 27.90% | |
| Information Technology | 27.30% | |
| Financials | 15.90% | |
| Consumer Staples | 12.40% | |
| Consumer Discretionary | 10.10% | |
| Healthcare | 7.00% | |
| Materials | 4.30% | |
| Real Estate | 2.50% | |
| Cash | 1.30% | |
| Logistics | 0.00% | |
| Utilities | 0.00% | |
| Communication Services | 0.00% | |
| Energy | 0.00% | |
| Gearing | -8.70% |
| India | 29.20% | |
| Taiwan | 24.20% | |
| South Korea | 9.70% | |
| Hong Kong | 9.50% | |
| Philippines | 9.20% | |
| China | 9.10% | |
| Indonesia | 7.40% | |
| Singapore | 4.60% | |
| Vietnam | 3.20% | |
| Australia | 0.80% | |
| Malaysia | 0.50% |
Key facts
- Stock market ticker
- SST
- ISIN
- GB00BRBL6574
- Benchmark
- MSCI AC Asia (ex Japan) Small Cap Index
- Currency
- GBP
- Domiciled in
- United Kingdom
- Launched
- 29 Mar 1995
- Market value of shares
- £310.2m
- Management fee
- 0.70%
- Dividends paid
- Semi_annual
What the manager said
Key contributors to performance included Sunny Optical, which announced strong earnings results. The company has benefited from rising demand for high-end smartphone camera components; its automotive business is also performing well as new car models incorporate more camera content. Lite-On Technology rose despite its most recent earnings results showing weaker profitability. Revenue growth is expected to improve as demand for its power-management and energy-storage solutions increases amid the AI data-centre buildout. On the negative side, Century Pacific Food fell. Although its latest earnings results showed strong sales growth for its branded goods, the company's margins contracted due to higher input costs. Uncertainty surrounding the outlook for consumer spending in the Philippines amid rising inflation also weighed on sentiment. Park Systems declined after its earnings results showed a fall in sales, which management attributed to shipments of its industrial atomic force microscopes (AFM) being pushed to the second half of the year. On a country level, Taiwan and India added to performance, while South Korea and Vietnam detracted.
Source factsheets
| Date | Published by the trust |
|---|---|
| 31 May 2026 | View original factsheet ↗ |