ความคิดเห็นที่ 61
 
คำตอบมาแล้วทำไมขึ้นสวนทางชาวบ้าน
Lion Thai fund Bullish on Pttt and Banks
Likes Thai banks due to low corporate, household debts
* Focus on domestic-oriented sectors
* Fund returns in line with benchmark over 12 mths to Jan 31
By Kevin Lim
SINGAPORE, Feb 24 (Reuters) - Cheap valuations and low credit risks make Thai stocks such as PTT Exploration and Production
<PTTE.BK> and the banks attractive medium-term buys, fund company Lion Global Investors said on Tuesday.
"The Thailand stock market is one of the cheapest in Asia, trading at seven times forward price-earnings multiple with a dividend yield of 5.6 percent," Lim Fang Suan, portfolio manager of the LionGlobal Thailand Fund, told Reuters in an interview.
The fund was named the best-performing Thailand focused fund over a three-year period at the Lipper Fund Awards 2009. Lipper is a unit of Thomson Reuters.
"In the current environment, our preference is to overweight the banking sector due to attractive valuations as well as low risks of significant increases in non-performing loans given the low corporate and household-debt levels," he said.
"Given the deteriorating external environment, the fund is focused on domestic-oriented sectors," Lim added, noting Thailand did not have a property price bubble like some other Asian countries.
For details about the Lipper Fund Awards, click on http://awards.lipperweb.com/singapore/index.aspx
Lion Global is the fund management arm of insurance company Great Eastern <GELA.SI> , a unit of Singapore's number three lender Oversea-Chinese Banking Corp <OCBC.SI> . Lion Global had S$27.3 billion ($17.87 billion) in assets under management at the end of 2008.
The fund's top three holdings were PTT Exploration and Production <PTTE.BK> , PTT PCL <PTT.BK> and Bangkok Bank [BBLH.UL] as at end-January.
It lost 45 percent in the 12 months through Jan. 31 compared with a 44 percent fall in the MSCI Thailand index.
The S$34.7 million fund benchmarked its performance against the Stock Exchange of Thailand Index <.SETI> till December 2005, and is since comparing it to the MSCI Thailand index.
Lim said he was betting on PTT because it is the sole supplier of gas in Thailand, where 68 percent of electricity produced is gas-based. "We like its cheap valuation, which is at a discount to regional peers as well as to its history."
For more fund manager and analyst comments on PTT, please click on [nBKK19483]
Lim said earnings at PTT Exploration, or PTTEP, an oil and gas exploration firm, were derived mostly from natural gas whose prices were less volatile than oil.
PTTEP also has a strong balance sheet and can capitalise on merger and acquisition opportunities, he added
จากคุณ :
ศรัทธาชาวสวน   
- [
27 เม.ย. 52 14:19:40
]
|
|
|
สวัสดียามเช้าค่ะอาจารย์...
