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Symphony International Holdings Ltd - Asia-focused investment company focusing on healthcare, hospitality, lifestyle, logistics and education sectors - Net asset value per share as at March 31 declines 7.9% to USD0.8906 from USD0.9675 at December 31, noting primarily a decline in the value of Indo Trans Logistics Corp. Cites tight monetary policies, high inflation and geoeconomic fragmentation as stated by the International Monetary Fund. Looking ahead, Symphony notes slowing inflation and positive economic change in China after it removed Covid restrictions at the start of 2023. Further, positively eyes India's economic development despite decelerating global demand. Meanwhile, Symphona says it completed a new investment in residential real estate developer Isprava.
Current stock price: USD0.46 per share, up 2.0% on Monday afternoon in London
12-month change: down 12%
By Tom Budszus, Alliance News reporter
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