Management Trades – Dec ’14
Given the way December ’14 performed I thought it would be more interesting to present all the transactions that occurred during the month.
Notable Transactions
Buy(s) THB 6bn
- AAV, RS, CENTEL, BA, LIVE, M-CHAI, NBC, BA, STA, CPF, MC, EARTH, BBL, BLA, EARTH, AKR, PACE, TH
Sell(s) THB 10 bn
- RS, AAV, CGD, AP, NYT, SCC, TUF, KIAT, ABC, NMG, JMART, GRAMMY, ITD, BSM, CEN
Mike
Do you know any value dividend investors in the LOS?
Mike
Pon
LOS?
Mike
Land of Smiles of course 🙂
Pon
TBH no, there are a few thai groups that call themselves value investors – doubt thats true given their speculative nature.
Mike
The speculation is crazy on the SET.
I prefer to look for high yielding value stocks; however there are not too many of those about at the moment.
Any views?
Pon
ADVANC still has a decent yield
If you’re feeling risky you can go for the brokerage firm’s they have 6-7% yields at the moment
Yes a lot of speculation exists on the SET during the past few years, which has been great because it provided great exit opportunities.
Mike
I’ve had my eye on ADVANC for some time now, and I may get a position come the next big dip. The brokerage firms – Kim Eng etc. – market caps are too low for me.
If you had to pick 5 companies to buy and hold for 10 years what would you pick?
I’d go for the following 2 for starters:
PPTEP – it’s cheap at the moment, and they – like Stalin many moons ago – have a 5 year plan.
BLL – Tasty dividends and are more outward looking than some of their rival – bar KBANK.
Any views?
Mike
Pon
10 years?!
I’ve only invested for 9 years but ok here goes – btw don’t hold me to this. Quickly I think of which companies would benefit should Thailand continue to grow and the wealth of its citizens increase as well, then to think about the quality of management of each co and finally the industries that would be hardest for new incumbents to break in to.
Bank – KBANK
Telco – ADVANC
Construction/infrastructure – CK
Commerce – HMPRO
Insurance – Any of them
I generally look no longer than 3 years out and then my list is totally different from the above.
Mike
In response, Pon. HMPRO with a P/E of 32.54 is way to pricey for me at the moment. Also, with a dividend yield of 0.31% it can wait for the next big pullback. KBANK does looks decent value at the moment, but again it’s dividend yield of 1.64% is a little low for my tastes. CK is undervalued, but its EPS and revenues and earnings are all over the shop, so I’ll have to say no for now. As for the Thai insurance sector, SCBLIF apprears to be trading below its intrinsic value and packs a decent dividend punch at 3.07%.
Any thoughts?
Mike