March 14th 2020. Thai stocks endured a substantial sell off, as most everywhere else. Many are sold off on margin calls and on panic. With Thai's health care system superior as compared to many countries, record low interest rates' likely to persist and some shares cash dividend yields at 5-7%, compared to the Thai 10 year Govt. yield at barely 1.3%, after 3 years in lethargy here..., I in mid March turned bullish and days later published my new "bottom fishing" model portfolio -to contributing members! Scroll down at this front opening page, and see the blue ink -and then click on "read more".
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Thaistocks.com is an intelligent investment club delivering unbiased, objective & professional viewpoints since 1997. INTEGRITY IS MY COMPETITIVE ADVANTAGE.
Through this media since April 1997, I have shared proprietary professional viewpoints, articles, over 100 in-person company interviews with managing directors. Here is added value investor intelligence on all aspects to successful long term investing. In 2017 I turned increasingly Thai stocks frustrated and so bearish. But the drop massive SET drop of recent, is a "game changer"!
May 22th, 2020. After turning max bullish in mid March (see just below) with the SET now up some 30% since, I am today turning more cautious, not least due to broad earnings downgrades starting in the 2Q -and as I perceive the market likely now ahead of itself. Bravado yes on its ability to abate the CV19 virus, but alas at the cost of a serious economic decline, lead by the collapse of the important tourist industry.
March 14th, 2020.Some Thai stocks have now become an investor-bargains, much worth considering.
With some spare time on my hands and the ease to update, along with further movement on the SET since last updated, I here post the latest interim updated model as of 11AM this morning, May 27th. The only stock I have taken profit on to date is CHAYO at...
PPS (0.46) will not be reporting 1Q. financial statements due to the CV19 until end of July 2020, and as is well explained informing the SET in time and with the additional letter/information given there yesterday. Here is the link:
Here below is an interim update 1 month later, as I started the bottom fishing model on April 6th 2020. As one can see the lead vs. SET index is increasing. Note I have added to the market value the amount of dividend per share paid during this period. If...