QH is holding about 20% of HMPRO HMPRO is the largest home improvement stock in Stock Exchange of Thailand in terms of number of branches and market share. However, an interesting fact that many investors, especially Thai investors, do not know is
QH is holding 4 publicly traded securities: HMPRO LHFG QHPF QHHR
Just only the market value of the HMPRO stock held by QH is almost double of the market value of QH. So basically, this is an asset plays stock with consistently high dividend yield.
Potentials
- Institutions can take over QH and sell all marketable securities held by QH.
- If nobody take overs QH, QH still pays consistently high dividend yield (about 7%).
- FCF was spent to payback debts. Since QH is having low debts now, the future FCF may be paid as a more dividend.
