Daily BriefsThailand

Daily Brief Thailand: Dynasty Ceramic Pub and more

In today’s briefing:

  • Dynasty Ceramic Pub (DCC TB) – Tiling Thailand with Large and Small

Dynasty Ceramic Pub (DCC TB) – Tiling Thailand with Large and Small

By Angus Mackintosh

  • Dynasty Ceramic Pub (DCC TB) is Thailand’s leading ceramic tile manufacturer with a large portion of sales in the mass market as well as upcountry, diversifying sales. 
  • The company continues to build new capacity and is moving into the porcelain tile business to cater for the higher-end market where it will compete with Chinese imports.
  • Dynasty Ceramic Pub (DCC TB) is a high-quality play on the economic recovery in Thailand, with a good governance reputation. Valuations look reasonable plus a dividend yield of over 6%.

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