Value & Growth
Value & Growth
Value, growth, often export oriented and highest expected 1999 dividend prospects - that's our mission.
Subscribers are now evaluating our master table of 30 especially selected, most undervalued growth and yet highest dividend paying listed Thai shares. No question, these as among the best values on the SET and now truly ripe for picking. Only because they are not in the "top 20" of the SET, these are off the "radar screens" of institutional investors.
Because most all of these listed firms are directly or indirectly export oriented, and selected for that purpose, they are benefiting already from an export resurgence that the Thai currency devaluation in July of '97 set in motion. As the master table shows, these companies have overall revenue and earnings growth in spite of the deep recession in Thailand and in spite, of foreign exchange (FX) adjustments.
In addition to overall good business/investment fundamentals, these firms are horribly undervalued by any of the different security valuation measures! Trading at 1/3 of their historical book value and with trailing '98 p/e's of less than 3, they are the real "diamonds in the rough", we have long written about.
Since most of these firms have stated dividend pay-out ratio's of 30% to 60% of net after tax earnings, the coming April/May '99 dividends on this newly advocated master value portfolio, could well soar past 20% on current stock prices.
In a world where interest rates are falling fast, and particularly in SE Asia where interest rates have virtually collapsed to record lows, even soon expected historical record lows, Thaistocks.com maintains its original focus: to outperform the SET in '99 with a minimum of market risk. Rational investors should not ignore these liquidity-drought induced, extreme bargains.
| As we have documented since our beginning, such less liquid shares have in fact overall outperformed the SET index by a wide margin. Our to date, composite 3 model portfolios are still up 40% in value even while during the same period, the SET index sunk in half. |
We feel our new master selection for 1999 will continue to outperform the SET index. as in the past.
| "I strongly believe 1999 will see a slow but steady economic recovery in Thailand. We are convinced that impressive capital gains will be made on the SET which will not be duplicated by the bloated, peaking and highly overvalued, lowest income yielding, US stock market." |
