The clever folks at Thanachart put out a summary of the 4Q11 and 2011 results. 2011 was really the year of telco’s in Thailand with DTAC and ADVANC performing very strongly. No surprise that the electronics and insurance co’s had a horrid 2011 b/c of the floods in late 4Q11. Now just steer your eyes further down the charts and see that despite the noise regarding the euro crisis and the floods, the MAI (small cap board) registered earnings growth of 19.7% vastly outperforming the SET w/ 5.5%.
With all the financial results finally out for 2011 its time to go back to our screening models to see what we think may perform well for 2012….keep your eyes posted for our thoughts in the coming weeks.