SET MAX 49.35%! Top 50 Thai Stock Dividend

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In the Thai stock market, it’s not difficult to find companies with high dividends. Comparing it to the stock investment environment in Japan, I wonder if I’m doing the math wrong. The expansion of COVID-19 has affected the global economy, and the Thai economy continues to deteriorate. The net profit of listed companies in 2020 is almost 50% lower than in 2019, and basically companies have almost cut their dividends. However, there are still many companies that are paying good dividends. By the way, here are the top 10 dividends from the previous month. The contents have changed a bit.

Is Thailand a good place to invest in stocks?

It is suitable for you. In terms of taxation, it is definitely better than investing in Japan. Of course, there are many disadvantages. The political situation, the strength of the currency, the stable economy, and so on… There are a lot of downsides if you pay attention to them, but if you just look at the gains, it’s not so bad. But if you look at the gains alone, it’s not so bad.

Average dividend yield 2.4%.

On the other hand, data compiled by the Stock Exchange of Thailand ( SET ) as of March 31, 2021 shows an interesting result for the overall market dividend yield compared to the surrounding regional markets: the dividend yield for all companies listed on SET is 2.42%, while that for mai is 1.85%. The dividend yield of the Thai stock market, which is a part of the total, is 2.42%. This figure is higher than the Asian stock market average of 2.30%. This means that even if we include Japan, the fact that there are no capital gains and the average dividend yield is the highest among Asian countries, leads me to conclude that Thailand is an environment where it is easy to make gains when investing. I hope you will be able to find a stock that you would like to hold for a long time and continue to enjoy the benefits of dividends.

Calculation method

Dividends are calculated by dividing the most recently announced dividends in the SET as of July 31 by the latest closing price and multiplying by 100. I have picked out the top 10 high dividend stocks that are contributing to the bottom line in this regard. I collected information on the top 10 dividend yield (The Providence Gillette’s) ranking from the Stock Exchange of Thailand’s (the SET and mai) website, so please have a look. The source is the web here: https://www.set.or.th/set/commonslookup.do?language=en&country=US

Top 50 High Dividend Stocks

SymbolPriceDivided YieldROEPER
ABPIFAMATA B. GRIMM POWER POWER PLANT2.4849.35%2.8225.67
LPNL.P.N. DEVELOPMENT PUBLIC COMPANY4.928.57%5.1611.45
FNSFINANSA PUBLIC COMPANY LIMITED4.2415.55%10.475.16
MBAXMULTIBAX PUBLIC COMPANY LIMITED5.815.17%23.768.33
UPFUNION PIONEER PUBLIC COMPANY LIMITED66.2513.43%18.127.14
BRRGIFBURIRAM SUGAR GROUP POWER PLANT5.713.37%1.7735.19
NOBLENOBLE DEVELOPMENT PUBLIC COMPANY LIMITED6.9512.47%31.894.88
NSINAM SENG INSURANCE PUBLIC COMPANY76.512.09%11.566.99
TIPCOTIPCO FOODS PUBLIC COMPANY LIMITED910.50%20.495.28
CTARAFCENTARA HOTELS & RESORTS LEASEHOLD5.110.08%5.8813.66
JASIF.FJASMINE BROADBAND INTERNET FOREIGN9.8510.05%9.988.97
JASIFJASMINE BROADBAND INTERNET9.8510.05%9.988.97
DTACTOTAL ACCESS COMMUNICATION35.759.91%17.5718.62
DTAC.FTOTAL ACCESS COMMUNICATION FOREIGN34.59.75%17.5718.91
POPFPRIME OFFICE LEASEHOLD PROPERTY FUND119.67%7.8812.28
QHPFQUALITY HOUSES LEASEHOLD PROPERTY FUND9.359.41%7.610.4
CPNCGCPN COMMERCIAL GROWTH LEASEHOLD PROPERTY119.27%9.5410.31
SSTRTSUB SRI THAI REAL ESTATE INVESTMENT TRUST リート5.89.13%6.5311.24
SPRIMES PRIME GROWTH LEASEHOLD REAL ESTATE リート6.29.09%11.85.65
TCAPTHANACHART CAPITAL PUBLIC COMPANY32.259.09%5.4110.08
Q-CONQUALITY CONSTRUCTION PRODUCTS5.38.85%5.6718.76
LHKLOHAKIT METAL PUBLIC COMPANY LIMITED3.448.77%7.1112.92
DIF.FDIGITAL TELECOMMUNICATIONS FOREIGN12.38.49%7.839.87
DIFDIGITAL TELECOMMUNICATIONS12.48.49%7.839.64
PTPREMIER TECHNOLOGY PUBLIC COMPANY5.958.40%20.9711.55
CHARANCHARAN INSURANCE PUBLIC COMPANY LIMITED318.39%9.47.46
TASCOTIPCO ASPHALT PUBLIC COMPANY LIMITED19.28.33%33.976.31
SENASENADEVELOPMENT PUBLIC COMPANY LIMITED3.828.18%16.834.89
DREITDUSIT THANI FREEHOLD AND LEASEHOLD リート4.867.98%4.8412.83
M-IIMFC INDUSTRIAL INVESTMENT PROPERTY7.67.91%810.38
HREITHEMARAJ LEASEHOLD REAL ESTATE INVESTMENT リート8.757.87%10.499.39
WIIKWIIK PUBLIC COMPANY LIMITED2.427.85%9.5910.8
B-WORKBUALUANG OFFICE LEASEHOLD REAL ESTATE リート9.957.83%11.548.4
SUPEREIFSUPER ENERGY POWER PLANT INFRASTRUCTURE11.27.72%9.3111.35
GVREITGOLDEN VENTURES LEASEHOLD REAL ESTATE リート10.17.57%8.8110.54
SUTHAGOLDEN LIME PUBLIC COMPANY LIMITED4.667.52%7.3432.24
SMPCSAHAMITR PRESSURE CONTAINER10.77.48%29.949.76
TTLPFTALAAD THAI LEASEHOLD PROPERTY FUND22.97.46%10.8417.66
PSHPRUKSA HOLDING PUBLIC COMPANY LIMITED12.67.44%5.611.5
AIASIAN INSULATORS PUBLIC COMPANY LIMITED2.027.43%25.368.04
GAHREITGRANDE HOSPITALITY REAL ESTATE INVESTMENT リート8.37.36%5.9413.18
QTCQTC ENERGY PUBLIC COMPANY LIMITED5.57.34%8.7912.5
TNITYTRINITY WATTHANA PUBLIC COMPANY LIMITED7.157.30%19.234.58
AIMIRTAIM INDUSTRIAL GROWTH FREEHOLD AND LEASEHOLD リート12.17.21%8.2412.16
STASRI TRANG AGRO-INDUSTRY PUBLIC COMPANY37.57.19%42.164.01
TEAMGTEAM CONSULTING ENGINEERING AND MANAGEMENT2.347.14%12.4313.11
TISCOTISCO FINANCIAL GROUP PUBLIC COMPANY887.12%18.0310.61
SMKSYN MUN KONG INSURANCE PUBLIC COMPANY32.257.10%11.518.36
PDGPRODIGY PUBLIC COMPANY LIMITED4.587.05%13.5814.52
TPRIMETHAILAND PRIME PROPERTY FREEHOLD リート8.97.04%8.078.96
31th July 2021 top 50 ranking of divided yield, roe, per
https://www.set.or.th/set/commonslookup.do?language=en&country=US

I’ll try to break it down a little bit into smaller cases based on this.

Stocks with a dividend of more than 10%.

SymbolPriceDivided YieldROEPER
ABPIFAMATA B. GRIMM POWER POWER PLANT2.4849.35%2.8225.67
LPNL.P.N. DEVELOPMENT PUBLIC COMPANY4.928.57%5.1611.45
FNSFINANSA PUBLIC COMPANY LIMITED4.2415.55%10.475.16
MBAXMULTIBAX PUBLIC COMPANY LIMITED5.815.17%23.768.33
UPFUNION PIONEER PUBLIC COMPANY LIMITED66.2513.43%18.127.14
BRRGIFBURIRAM SUGAR GROUP POWER PLANT5.713.37%1.7735.19
NOBLENOBLE DEVELOPMENT PUBLIC COMPANY LIMITED6.9512.47%31.894.88
NSINAM SENG INSURANCE PUBLIC COMPANY76.512.09%11.566.99
TIPCOTIPCO FOODS PUBLIC COMPANY LIMITED910.50%20.495.28
CTARAFCENTARA HOTELS & RESORTS LEASEHOLD5.110.08%5.8813.66
JASIF.FJASMINE BROADBAND INTERNET FOREIGN9.8510.05%9.988.97
JASIFJASMINE BROADBAND INTERNET9.8510.05%9.988.97
31th July 2021 top 50 ranking of divided yield, roe, per greater than 10% of divided yield.
https://www.set.or.th/set/commonslookup.do?language=en&country=US

The companies with yellow underlines are not individual issues, such as funds, government bonds, and corporate bonds, so they are omitted from the detailed check. So, the remaining individual stocks with dividends exceeding 10% at the end of this month are as follows. Among them, the stocks with red underlines are those whose dividends exceed 10% and whose ROE exceeds 20.

MBAXMULTIBAX PUBLIC COMPANY LIMITED

You’ve already analyzed it, and it’s this company. It was still at the top of this month’s ranking.

NOBLENOBLE DEVELOPMENT PUBLIC COMPANY LIMITED

I had already analyzed this company as well. Even though there are many high-dividend companies, it’s hard to find a company with the right conditions, so I guess there are not many opportunities to find new ones.

TIPCOTIPCO FOODS PUBLIC COMPANY LIMITED

This one is unanalyzed. If you go to a convenience store, you will probably see a lot of paper carton juices. The image of sugar-sweetened fruit juice. The stock price trend is as follows.

TIPCO Chart

The price has risen 120% since the Corona shock, and the RSI is currently 44, which is not that overbought. The ROE is over 20 and the PER is around 5, so it is still undervalued. This is a food company, and considering that the consumer index is rising in the future, I think it is a good long-term holding.

List of companies with ROE of 20 or more and whose most recent financial results were not in the red

SymbolPriceDivided YieldROEPER
MBAXMULTIBAX PUBLIC COMPANY LIMITED5.815.17%23.768.33
NOBLENOBLE DEVELOPMENT PUBLIC COMPANY LIMITED6.9512.47%31.894.88
TIPCOTIPCO FOODS PUBLIC COMPANY LIMITED910.50%20.495.28
PTPREMIER TECHNOLOGY PUBLIC COMPANY5.958.40%20.9711.55
TASCOTIPCO ASPHALT PUBLIC COMPANY LIMITED19.28.33%33.976.31
SMPCSAHAMITR PRESSURE CONTAINER10.77.48%29.949.76
AIASIAN INSULATORS PUBLIC COMPANY LIMITED2.027.43%25.368.04
STASRI TRANG AGRO-INDUSTRY PUBLIC COMPANY37.57.19%42.164.01
ROE greater than 20, per is greater than 0.

Next, I compiled a list of companies with ROE of 20 or more and PER of 0 or more (*companies that did not post a loss in their most recent fiscal year). Even if we expand the dividend to less than 10%, there are only 8 companies that meet these conditions. This includes the stocks in the red underline that I introduced earlier. The stocks I am interested in are the ones in the blue underline.

TASCOTIPCO ASPHALT PUBLIC COMPANY LIMITED

With an ROE of over 30 and a PER of 6, I would say that this stock is suitable for long-term investment. However, the dividend is 8.3%, which to be honest is not surprisingly high. The recent chart looks like this.

TASCO Chart

The situation is that we have only returned 28% since the Corona shock. From the company name, I understand that it is a construction company that is affected. I think this is a stock that you can invest in for the long term, aiming for an after-Corona stock price rise. On the other hand, I think this is a stock where you should not expect too much in terms of dividends.

STASRI TRANG AGRO-INDUSTRY PUBLIC COMPANY

The dividend is 7.19%, the ROE is 42, and the P/E ratio is 4, so I think this is a stock where you don’t aim for a dividend but instead aim for a stock price increase. The dividend is high enough compared to the Japanese market, but it is a little low compared to Thai stocks. However, ROE42 is a number that is not often seen. It also means that the rate of return is high, and I think there is room for consideration for investment.

STA Chart

This stock is up 320% from the Corona shock. However, I am concerned about the fact that the company has been in the red since FY2020. The company has been profitable since the Corona shock and has maintained its dividend, so I don’t think there is a problem, but it would be good to check more closely when investing.

Finally.

The above is a list of the top 50 companies and a few of my picks. This is the list of the top 50 companies and some of the companies I picked up. In this way, I feel that the stocks in various sectors are well diversified. As a person who follows the adage, “Don’t put all your eggs in one basket,” and manages my assets little by little, I was reminded of many things in this ranking. I hope you will find your favorite ultra-long term holdings and gung-ho stocks.

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