Amazing Thailand offers a new twist for investors

Mixed reactions to the military coup in Thailand from Asia-based distressed debt investors.

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.

├┤This was not totally unexpected as there has been...

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