Weekly Industry Update
1. The resources industry has continued its improvement from its lows this year, hardly a surprise given that oil prices are likely to remain high for the rest of the year. 2. Technology has continued to remain buoyant on the back of a massive special dividend from DTAC (giving it a yield of 20% at the time of announcement). A quick thought, given the lawsuits being filed towards DTAC from True Plc, could this huge dividend payment using their retained earnings be a sign that Telenor is becoming fed up with the way the telecommunications industry is being run by the regulators in Thailand and want to exit?