PaulRen's picture

SET's ignored dividend horses.

The Thai stock exchange offers some of the highest so called "yield-gap" stocks -anywhere in the world!  Offsetting-correlations are a very desirably portfolio enhancer and risk reducer.

With some of the highest dividend yielding stocks anywhere, at 6-9%, vs. very low interest paid on Thai bank savings accounts (around 0.3%).   This means ultra-high quality yield cap. shares can be owned (including to foreingers) to experienced stock pickers here.  I believe this "yield-gap" is among the World's largest, anywhere!  

Why is this:  1) retail investors have shunned local stocks for some years due to a bearish mkt., and not least because,  2) they indirectly nurture endless "trading galore",  among the just very few -way overvalued- big cap stocks, like example DELTA (p/e 131, dividend yield 0.22%).   Thereby all but ignoring the impressive/established high dividend "yield horses".   A most interesting investor case can be made around these...and I know how to pick them! 

Further, and most interestingly, they have just about zero or even negative correlation, to the US bubbly stock mkt.  In finance & investment we can prove how offsetting-correlations are a very desirably portfolio enhancer(!) and risk reducers,  especially during times of US stock market excesses.  All notably on top of 0% Thai inflation and along a strong currency!

Paul A. Renaud.
www.thaistocks.com
PaulRen's picture

Beyond Thaistocks.com More real reforms need to take place.

Thaistocks.com has always been about rational & value investing -since its inception in 1997.   For 3 years, I here stated to be overall Thai stocks' bearish -due to the Thai economy slowing, lack of  SET/Broker real reforms & excess mkt. speculation -not least uninspiring politics. 
I here identify stock picks to members on quality companies with very high dividends, often 7%.   With my life-long multicultural background and 40+ years of professional investor experience I at this site since 1997, make regular added added value unbiased comments.   (See latest articles below).    

I've been analyzing Thai stocks, full time, for over 3 decades... here have the highest so called "yield gap" anywhere along with a very firm currency.  Meaning, inflation is 0% (the world's lowest) while Thai banks barely pay 0.3% interest on their savings accounts.  Yet, if you get beyond institutional obsession with liquidity one can find -even growing Thai listed quality companies- which yield 6-8% in tax favored dividends.

But you would never know about this reading conventional biz news.  All along, the Thai Baht currency is among the world's strongest -on par with the ultra-strong Swiss Frank over the past fiscal year.   November 3rd 2025. 

 November 8th 2025:   One can follow Thai IPO's post listing performance mkt. price at...

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PaulRen's picture

Has the SET nadir-point now been reached -as we end 2025.

Thailand remains in dire straits with the Thai stock market (SET) right near/during its Covit-19 lows. Thai Analysts and more here far too often point to outside factors, rarely ever to its domestic-foes, lack of real reforms, poor economic performance, too much graft, unwilling to use any of...

PaulRen's picture

TOG, an update post its last SET OPPT. Day presenation.

A couple of weeks ago TOG (6.70) gave yet another Quarterly SET OPPT, Day presentation, which it has continuously regularly for many years. Here is just a short update, as I still like this core choice.

TOG has been affected by the unexpected new April 2025 announced...

PaulRen's picture

Thai Retail Investors dwindling.

From searching AI on Thai Retail investors participating it answered back exactly as follows:

"The trend is clear: Retail investors went from nearly half the Thai market → down to low-to-mid 30%. That’s a solid 10–15 percentage-point drop in just a few years.
Foreign investors are now the biggest...

PaulRen's picture

On Thailand's negative inflation.

Thailand 0% to even slightly continued negative inflation is not good. Healthy economies usually aim for about 2% inflation. As this is enough to keep money circulating but not so high that it erodes purchasing power quickly.

0% inflation sounds neat, but it often signals weak demand. This can mean...

PaulRen's picture

Impressive Update by Infoquest News Agency on FSMART.

Here below is an impressive update today, by Infoquest, as we see it quotes the MD stating profits of 448 mill. Baht for first 9 months, an increase of 44.5%  vs. same period last year, note for all of 2024 FSMART earned 430 mill. Baht net profit.  So no question, FSMART (6.50)
...
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