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Here are actual postings from one thread,  from just a few months ago;
 
Posted: Sep 15, 2005 - 01:44 PM  
 

Ticon (10.7) around 11 Baht was close to its 2005 Baht high price (of 12 in February/March) that is if you add back in the dividends it paid since.

Do I now think it might be time to realize so huge profits? No I don"t thinks so. If the stock corrects a bit more I would see it as a strong buy , yet once again. Today I here so re-affirm my bullish view on Ticon.

First Ticon has stated several times that they plan to increase the TFund to some 100 US$, hence surely far more factory sales are in the cards, along with nice and yearly capital gains on these. Hence to take this years expected earnings per share and apply a p/e ratio on next years is too modest. As I think Ticon will earn more per share, next year, then it did this. Most skeptics in this stock think next year the EPS must drop due to the extra earnings this year. But I don"t.

Second, Ticon is developing a huge logistical center near the new Airport. The future of Thailand has much to do with logistic centers and this is bound to be a huge new & growth business. This so is bound to contribute to earnings starting with the 3 Q. of 2006. Hence earnings visibility into year 2007 and beyond is maintained.

Third, their core business on factory rentals is doing very well and growing, which was just re-affirmed with their latest fat interim dividend of 0.60. I hope to have an update on this and more by month end.

So, the forward p/e remains well under 10, the annual dividend yield near 10% and the long term growth rate sustainable due to their new admirable logistics business. First part of Year 2006 earnings will be fueled by more property sales to the TFUND. Second half by logistics.

I remain a big fan of Ticon and view any sell off as true, and perhaps last, buying opportunity.   

_________________
Very Best Regards,

Paul A. Renaud.
 

Insiders currently own more Ticon shares then ever before. And this, despite the dramatic price rise over the past year -from what I see, no one has substantially sold out.

Ticon plans building some 55 factories every year. This is more then their planned 40 or factories they will transfer yearly to the TFUND. Hence the underlying business is growing (i.e. number of factories at hand) on top of the yearly capital gains from the regular sales of the property fund! And by next year, the TFUND will/should be a 100 mill US$ REIT fund, firmly on the map, and so will command allot institutional attention and far more volume then currently. I think the unit price can appreciate if domestic interest rates don"t" go through the roof.

I plan to soon show a table comparing all the various REIT’s in Thailand. TFUND remains my top pick.   

_________________
Very Best Regards,

Paul A. Renaud.
 

 
Posted: Nov 03, 2005 - 09:06 AM  
 

Ticon won the top award for Thailand by Euromoney. As the top/best developer in the country for year 2005.  This can be seen at the below link, however one must be a registered member.

http://www.euromoney.com/article.asp?ArticleID=1000474   

_________________
Very Best Regards,

Paul A. Renaud.
 

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