Chart of the Day
Thai Analysts Have Been 24% Wrong on Average
Chart of the Day: Globally, analysts have on average been 22% wrong in their EPS forecasts. Thai analysts have been slightly more inaccurate on average at 24%. Remember, YAAW!
Read MoreAsset Turnover in Thailand Has Been Above the Global Average
Chart of the Day: In Thailand, the asset turnover of the average company has been 90%. Thailand went from a low of 46% around the Asian Financial Crisis to a high of 117% around the Global Financial Crisis.
Read MoreGross Profit Margin in Thailand Has Averaged 18%
Chart of the Day: Thai firms have on average generated 18% gross profit margin. Thailand is more similar to China and Vietnam which are other markets more focused on manufacturing and less on branding.
Read MoreProfitability Regresses Toward the Mean
Chart of the Day: Over a decade we can’t see a complete mean reversion but the profitability regresses toward the mean. In other words, Stars tend to remain Stars and Dogs tend to stay Dogs.
Read MoreOut of 800 Listed Stocks in Vietnam, 80 Are Liquid
Chart of the Day: While Vietnam has become a hot and interesting market with about 800 listed stocks, virtually 90% of stocks have almost no trading.
Read MoreHigh Net Margin in Vietnam Thanks to Lower Operating Expenses
Chart of the Day: Vietnam has shown a 21% gross profit margin on average over the past 10 years. Still, Vietnam has delivered a higher net margin over the same period.
Read MoreLong-Term Gross Profit Margin by Global Sector
Chart of the Day: Over the past 18 years, the gross profit margin among non-financials averaged about 28%. Telecoms have had the highest gross profit margin, Utilities the lowest.
Read MoreHigher Cash Conversion Cycle in China
Chart of the Day: The cash conversion cycle in China fell in the 2000s and was in line with the global average around the global financial crisis. In China, receivables collection days fell a lot before the global financial crisis.
Read MoreContinued Uptrend in Net Margin, but Nearing Peak in Developed Markets
Chart of the Day: Developed markets net margin more driven by one-off US tax cuts. Net margin in Developed markets is the highest it has been in over two decades – a risk.
Read MoreOnly Thailand and Taiwan Showed Positive USD Returns in 9M18
Chart of the Day: Overall, Asian markets fell in 9M18 and only two markets saw positive returns in terms of USD. Thailand improved to being the top-performing market in Asia compared to being #7 in 1H18.
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