amazing-thailand-offers-a-new-twist-for-investors

Amazing Thailand offers a new twist for investors

Mixed reactions to the military coup in Thailand from Asia-based distressed debt investors.
September 21, 2006
Rumours of a coup have been circulating in Bangkok for months, and so when it finally happened on Tuesday, few were taken by surprise. Ousted Prime Minister Thaksin Shinawatra was absent in New York when the Swat team entered his empty bedroom. Pricing in political uncertainty and mindful of the power vacuum, the SET last week was trading at the lowest priceearnings multiple and highest dividend yield in the region.

ôThis was not totally unexpected as there has been talk of a potential coup for some months. Everything appears to be peaceful and quiet,ö says Giovanni Di Prospo, executive at independent merchant bank Devonshire Capital, in Bangkok. ôIn view of past political wrangling and...
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