GARYO FINANCE Insights

♦ASEAN financial insights— exclusive charts, policy analysis, and boardroom strategies ♦Author, Dai Kadomae, CFA, CPA, is ex-Citi investment banker & CFO, op-ed writer for Nikkei Asia, Bangkok Post, The Business Times (Singapore), Asia Times (Hong Kong) ♦Explore subscription & business inquiries→[email protected]

Balance Sheet Analysis

+4

When Dividends Signal Stress, Not Strength

Jan 23, 2026

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3 min read

When Dividends Signal Stress, Not Strength

The Hidden Cost of Paying Out in Thai Equities

DAISAKU KADOMAE

Investor Relations

+4

Record Dividends, Persistent Discount

Jan 18, 2026

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3 min read

Record Dividends, Persistent Discount

Why dividends alone cannot rebuild confidence in Thai equities

DAISAKU KADOMAE

Corporate Governance & Disclosure

+4

Is Your Company's Share Price Fairly Valued? If Not, Why?

Dec 26, 2025

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4 min read

Is Your Company's Share Price Fairly Valued? If Not, Why?

ASEAN Mispricing - The Two Sides of The Same Coin

DAISAKU KADOMAE

Funding Cost & WACC

+4

Another roadblock:Interest Expense

Dec 23, 2025

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3 min read

Another roadblock:Interest Expense

Why WACC breaks before financial modeling begins

DAISAKU KADOMAE

Funding Cost & WACC

+4

Why I deliberately exclude CAPEX and working capital assumptions

Dec 22, 2025

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3 min read

Why I deliberately exclude CAPEX and working capital assumptions

Why management-driven decisions do not belong in cross-border valuation.

DAISAKU KADOMAE

Financial Comparability

+4

Why the Numbers Look Comparable — but the Fundamentals Are Not

Dec 20, 2025

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4 min read

Why the Numbers Look Comparable — but the Fundamentals Are Not

A measurement problem hiding behind familiar financial labels.

DAISAKU KADOMAE