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Top Thai (SET) Dividend Stocks
UPDATED Jun 28, 2022
What are the best Thai (SET) Dividend Stocks?
According to our Simply Wall St analysis these are the best Thai dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
3 companies meet this criteria in the Thai market
Vanachai Group Public Company Limited, together with its subsidiaries, produces and distributes wood plates, MDF boards, particle boards, and doorskin and melamine on wood plates in Thailand and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: VNG's dividend (5.06%) is low compared to the top 25% of dividend payers in the TH market (5.38%).
Stable Dividend
Rewards
Trading at 74.3% below our estimate of its fair value
Earnings are forecast to grow 9.55% per year
Became profitable this year
Risks
Has a high level of debt
Advanced Information Technology Public Company Limited, together with its subsidiaries, designs, sells, installs, services, repairs, maintains, and trains information and communication technology network systems in Thailand.
Dividend Criteria
Earnings Coverage
High Dividend: AIT's dividend (7.27%) is in the top 25% of dividend payers in the TH market (5.38%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 0.2% below our estimate of its fair value
Earnings are forecast to grow 15.26% per year
Earnings have grown 6.4% per year over the past 5 years
Risks
No risks detected for AIT from our risks checks.
Major Cineplex Group Public Company Limited, together with its subsidiaries, operates as a lifestyle entertainment company primarily in Thailand.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: MAJOR's dividend (5.53%) is in the top 25% of dividend payers in the TH market (5.38%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 45.1% below our estimate of its fair value
Earnings are forecast to grow 13.56% per year
Became profitable this year
Risks
High level of non-cash earnings