Analyst Recommends 13 High Dividend-Yield Shares, Raising SENA as Top Pick

Analyst Recommends 13 High Dividend-Yield Shares, Raising SENA as Top Pick

The analyst advised to “Buy the Dips” 13 high dividend-yield shares before year’s end, pointing that the real estate sector, especially SENA with a dividend yield of 8.1%, QH with a yield of 6.3%, AP at 5.9%, LH at 5.6%. Meanwhile, commercial banks are also recommended by the analyst. SCB with a dividend yield of 4.6%, TISCO at 4.1% and KTB at 3.6%.


DBS Vickers Securities (Thailand) recommended a dividend play on stocks with a high dividend yield s before year’s end such as Senadevelopment Public Company Limited (SENA), Quality Houses Public Company Limited (QH), AP (Thailand) Public Company Limited (AP), The Siam Commercial Bank Public Company Limited (SCB), Krung Thai Bank Public Company Limited (KTB), Tisco Financial Public Company Limited (TISCO).


Advanced Info Service Public Company Limited (ADVANC), Hana Microelectronics Public Company Limited (HANA), Rajthanee Hospital Public Company Limited (RJH), United Paper Public Company Limited (UTC), SNC Former Public Company Limited (SNC), Stonehenge Inter Public Company Limited (STI) and Thiensurat Public Company Limited (TSR). 


DBSV estimated the 2020’s dividend yield will fall to 2% from 3% in 2019, and believed the sector like hospitality will suspend its dividend as it struggles with operating loss. Meanwhile, property fund and real estate investment trust are still ranked as the highest dividend paying stocks of 5.2%.


DBSV raised SENA as Top Pick due to a strong improving earnings in 4Q20 supported by pending transfer of approx. 1,000 million baht. The backlog of SENA as of now is 12,000 million baht, assessing EPS growth in 2020-2021 to increase by 17% and 5%, respectively. Dividend yield in 2020 is expected at 8.1% and 8.6% in 2021, giving a target price at ฿3.83/share.