Analyst from Krungsri Securities (KSS) stated that the study on SET High Dividend Index (SETHD) over the past 10 years shows that SETHD during January-February usually yield a positive result, with January yield a positive gain on 6 out of 10 years, while February net a positive yield on 7 out of 10 years, and every first quarter gain a positive yield on 7 out of 10 years.
As such, the securities company recommended “Buy” on high dividend stocks two weeks before the Excluding Dividend (XD) date, and offload afterward. The recommended stocks were picked from stocks with one time dividend pay (in 2024), and stocks that paid dividend twice (1/2H24) based on 2024 performance reports. The chosen stocks were picked for a growth potential and stable liquidity, and under investment theme for 2025.
Starting from highest to lowest, there are nine stocks that are expected to pay an outstanding dividend, categorized by its market value.
Major stocks with two-time dividend payments including:
- SCB X PCL (SET: SCB) with a target price of THB 135 and an expected 8.6% yield.
- TMBThanachart Bank PCL (SET: TTB) with a target price of THB 2.2 and an expected 7.2% yield.
- Home Product Center PCL (SET: HMPRO) with a target price of THB 1 35 and an expected 4.3% yield.
- Intouch Holdings PCL (SET: INTUCH) with a target price of THB 108 and an expected 4.2% yield.
- Advanced Info Service PCL (SET: ADVANC) with a target price of THB 305 and an expected 3.7% yield.
Medium-size stocks with two-time dividend payments including:
- AP (Thailand) PCL (SET: AP) with a target price of THB 11.8 and an expected 7.65% yield.
- Tisco Financial Group PCL (SET: TISCO) with a target price of THB 97 and an expected 5.34% yield.
- SC Asset Corporation PCL (SET: SC) with a target price of THB 3.2 and an expected 5.52% yield.
- JMT Network Services PCL (SET: JMT) with a target price of THB 22.8 and an expected 2.3% yield.
The highest yielding stocks are JMT with 5.36% positive, TTB with 4.16% positive, and ADVANC with 3.05% positive, while SCB, HMPRO, INTUCH, AP, SC, TISCO have an average capital gain around 1%, which means that investment in aforementioned high dividend stocks during the period will net investors with free dividend pays.
