The political turmoil in Thailand shows no pause or any sort. In fact, this 12th military coup in the history of the country is making things worse for the country’s economy.
Thailand has been facing unrest for over the past six months and the Thai Baht has come down 2% compared to US dollar after the coup news.
Nevertheless, as investors dig through Thailand's history of coups, they will realise that the stock markets usually rebound sharply once things are stabilized.
Finding Undervalued Thai Stocks
So out of curiosity, I decided to run a stock filter based on the following:
- Exchange is SET [Stock exchange of Thailand]
- Return On Equity (FY) is >10 (%)
- Dividend Yield is 5 - 10 (%)
- P/E excluding extraordinary items (Q) is <10
Screenshot of Stocks which match the 4 filters
The rationale behind these screens? I want the stocks to ......
