Revealing 14 high-yielding SETHD stocks, with returns since the beginning of 2024 of 11%.

The SETHD Index is an index that reflects the price movement of securities with high market capitalization (market value) and high liquidity on a continuous basis. It has a high and continuous dividend yield and has been modified in the second half of 2024, as many securities have been modified in and out.

If the Thai stock market continues to be very volatile. Therefore, high dividend stocks in the SETHD index are not an option. But it is a way to survive to invest in such circumstances. Which is what most analysts or investment experts see as a good time to buy stocks in the SETHD index group to receive temporary profits.

However, the appropriate period for accumulating dividends is 1-2 months before the company announces the XD mark. Therefore, Krungthep Business has scanned the stocks in the SETHD group that have the highest dividend yield rates of more than 6% 14 securities (information from the Stock Exchange of Thailand as of July 10, 2024)

1. Sansiri Public Company Limited (SIRI).

  • YTD Profits 11.38%
  • Price since the beginning of the year -4.52%
  • Market value 29122.57 million baht
  • P/E 5.03x
  • F/BF 0.60 times
  • Closing price 1.70 baht
  • 1Q24 profit at 1,314.98 million baht
  • 1Q24 revenue was 10,225.72 million baht.

2.AP (Thailand) Public Company Limited AP

  • YTD Profits 8.48%
  • Price since the beginning of the year -26.99%
  • Market value 25953.67 million baht
  • P/E 4.65x
  • F/BF 0.62 times
  • Closing price 8.25 baht
  • 1Q2024 profit reached 1,008.33 million baht
  • Revenue for the first quarter of 2024 was 7,968.31 million baht.

3.LH Land and Houses General Company Limited

  • YTD Profits 8.40%
  • Price since the beginning of the year -26.99%
  • Market value 71,100.79 million baht
  • P/E 9.66x
  • F/BF 1.35 times
  • Closing price 5.95 baht
  • 1Q2024 profit reached 1,231.02 million baht
  • 1Q24 revenue of 6,928.63 million baht

4. Subalai Public Company Limited

  • YTD Profits 8.38%
  • Price since the beginning of the year -6.99%
  • Market value 33,787.83 million baht
  • P/E 6.12x
  • F/BF 0.66 times
  • Closing price 17.40 baht
  • 24 Q1 profit at 613.64 million baht
  • 1Q24 revenue of 4,674.33 million baht

5. Tesco Financial Group PLC Tesco

  • YTD Profits 8.09%
  • Price since the beginning of the year -4.01%
  • Market value 76,661.82 million baht
  • P/E 10.59x
  • F/BF 1.73 times
  • Closing price 95.25 baht
  • First quarter 2024 profit reached 1,733.02 million baht

6. Quality Homes General Company Limited QH

  • YTD Profits 8.06%
  • Price since the beginning of the year -16.96%
  • Market value 19,928.75 million baht
  • P/E 8.30x
  • F/BF 0.69 times
  • Closing price 1.87 baht
  • 1Q24 profit reached 490.09 million baht
  • 1Q24 revenue of 1,797.84 million baht

7. Banpo General Company Limited Banpo

  • YTD Profits 7.90%
  • Price since the beginning of the year -23.53%
  • Market value 52,098.29 million baht
  • P/E 26.08x
  • F/BF 0.38 times
  • Closing price 5.15 baht
  • The profit for the first quarter of 2024 was 1,551.53 million baht.
  • 1Q24 revenue amounted to 39,942.24 million baht

8. TEPCO Asphalt Company Limited (TASCO).

  • YTD Profits 7.81%
  • Price since the beginning of the year -2.44%
  • Market value 25,253.79 million baht
  • P/E 21.31x
  • F/BF 1.51 times
  • Closing price 16.10 baht
  • 1Q24 profit at 7.88 million baht
  • 1Q24 revenue was 5,766.65 million baht.

9. Thanchart Capital Public Company Limited TCAP

  • YTD Profits 6.96%
  • Price since the beginning of the year -7.07%
  • Market value 48,235.78 million baht
  • P/E 7.11x
  • F/BF 0.67 times
  • Closing price 45.75 baht
  • First quarter 2024 profit reached 1,762.10 million baht

10. KKP Bank Limited

  • YTD earnings 6.45%
  • Price since the beginning of the year -7.46%
  • Market value 39,374.36 million baht
  • P/E 8.09x
  • F/BF 0.63 times
  • Closing price 45.75 baht
  • First quarter 2024 profit reached 1,506.02 million baht

11.Thai Oil Company Public Limited Top

  • YTD earnings 6.36%
  • Price since the beginning of the year -0.47%
  • Market value 119,510.20 million baht
  • P/E 5.76x
  • F/BF 0.70 times
  • Closing price 53.00 baht
  • The first quarter profit of 24 was 5,862.94 million baht.
  • 1Q24 revenue was 120,145.58 million baht.

12.PTT Exploration and Production Public Company Limited (PTTEP)

  • YTD Profits 6.27%
  • Price since the beginning of the year +1.34%
  • Market value 601,452.79 million baht
  • P/E ratio 7.90x
  • F/BF 1.09 times
  • Closing price 151.00 baht
  • The profit for the first quarter of 2024 was 18,682.82 million baht.
  • The revenue for the first quarter of 2024 was 78812.18 million baht.

13.JMT Public Network Services Co., Ltd.

  • YTD earnings 6.06%
  • Price since the beginning of the year -46.27%
  • Market value 19998.43 million baht
  • P/E 10.12x
  • F/BF 0.74 times
  • Closing price 13.50 baht
  • 24 Q1 profit at 418.26 million baht

14. PTT Public Company Limited PTT

  • YTD earnings 6.06%
  • Price since the beginning of the year -7.69%
  • Market value 942,578.88 million baht
  • P/E 8.33x
  • F/BF 0.80 times
  • Closing price 33.25 baht
  • Q1 profit 24 28,967.50 million baht
  • Revenue for the first quarter of 2024 was 796,595.54 million baht.

Paradorn Tiranapramut, Director of Research at Asia Plus Securities, provided information to Krungthep Turakij that SETHD shares are screened from large-cap stocks with high liquidity according to the stock exchange's standards. The dividends are distributed to 30 selected securities that have advantages in market volatility: they have lower volatility than other indices and currently run from January to July 9, 2024. SETHD shares give the best return in all indices -2.84%, but if dividends are added back, it will be +0.27%. The only index that is plus in all indices compared to SET in the same period, SET -6.8% while MAI -14.3%

So it can be seen in the past trend, even though the market conditions are volatile, SETHD stock has earnings to back it up, which leads to better performance in the coming period, SETHD stock will still be able to continue to outperform because dividend stocks are often speculated to be bought before the dividend is declared, which is now entering the interim dividend season in mid-August 2024.

Strategies for Buying Good Dividend Stocks Investors should buy about a month or two before the dividend is announced, so now is the time for investors to buy high-dividend stocks and accumulate them gradually. However, looking at fundamental factors is an important aspect in choosing dividend stocks.

However, when looking at the data, we find that SIRI stock has the highest dividend yield, ranking first, giving dividends for the past four quarters at 11.4% per annum, but this year the dividend is expected to be at 9% per annum, which is interesting for SIRI since the Q2 2024 dividend is still estimated to be good compared to other real estate companies, so when you enter and hold it, you will also get interim dividends.

After that, TOP stocks have given a return of 6.4% for the past four quarters, which is starting to improve the trend for the second half of the year from the fact that oil is still at a high level during the driving season. This year is entering the La Nina phenomenon and when the weather is colder than usual, the demand for fuel increases. Making the refinery benefit and at the same time, when there is a storm, foreign refineries will close. Which causes the supply to disappear, this is another case where refinery inventories also benefit. Therefore, investors can gradually accumulate because they will get good profits. The second half earnings trend is still expected to return well.

While PTTEP stock has a dividend yield of 6.3%, it gets the same benefits as TOP stock and TTB stock. Q2 2024 earnings are expected to grow on a quarterly and year-over-year basis and be more prominent than other banks as other banks may have declined somewhat. Dividend yields for the past four quarters have been 5.8%. Additionally, TTB stock is also among the top stocks in the Vayupak Fund, which also benefited.

Finally, ADVANC stock earnings are likely to grow in Q2 2024 on a quarterly and year-over-year basis, it is a technology-based stock and is considered a factor 5 and the full-year earnings are 4%.

Kornbat Worachit, Director of Research and Investment Services at Krungsri Securities, provided additional information that SETHD stocks are stocks that consistently pay dividends on a regular basis. Investors should choose stocks with earnings expectations that should continue to improve. In order to create opportunities in stocks that investors buy, there is a possibility that the stock price will rise in line with the operating results trend.

For SETHD stocks now that have higher profit potential in 2024 than 2023, which are considered good growth stocks, such as ADVANC stocks, INTUCH stocks, BBL stocks, WHA stocks, which are interesting.

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