Terminal update on my last Model Portfolio.

Below is the update on my high yield model portfolio -as here published for members back on Jan. 1 2026.  All as per today April 24th, the ending of my web site -announced to members.

Note how it by far beat the MAI & SSET index, secondary Thai stock indexes which basically did nothing during this same time period!  "SET100" and "SET" index are heavily skewed by big caps, notoriously DELTA (way over priced at p/e 140!) which all but "stole the whole show" for a long time -as this year, to the detriment of just about all else.  If you removed DELTA from the SET benchmark index, I much believe/know that the SET-index well underperformed my high dividend model portfolio.  It is this absurd irrational abnormality, persisting for so long, which much distorts Thai stock rational investing, monitoring, reporting and rationality.  Amen.

Unlike accounting, Finance & Investment are always forward looking!  Here today I make the strong forward point of:  1) while Thailand has some great companies, they are all but ignored for all the reasons we here now know,  2) the lack of meaningful reforms and broker behavior along with my terminal article today explain why I can't continue like this and so "quit".   My message to members whom still have some membership time left is to keep high dividend stocks but forget about being Thai stock exciting....I never promised any refunds and my last message my well be a wisest going forward:  Have learned much here so beware of the reality -so be careful going forward.  Things always change -and not always for the better. This is my final forward view to members.   Paul A. Renaud. ex-www.thaistocks.com