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 & businessinquiries　　　　　　　　　→[email protected]

Articles

WACC

+4

The WACC Pitfall: How Hybrid Capital Valuation Can Make or Break Your Deal

Mar 7, 2026

•

3 min read

The WACC Pitfall: How Hybrid Capital Valuation Can Make or Break Your Deal

Precision in WACC: Determining Deal Outcomes — The True Cost of Hybrid Capital and Valuation in ASEAN Markets

DAI KADOMAE

Valuation Framework

+4

Thailand's Valuation Ceiling: Why MINT is Bypassing the SET for Hong Kong and Singapore

Mar 2, 2026

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5 min read

Thailand's Valuation Ceiling: Why MINT is Bypassing the SET for Hong Kong and Singapore

Beyond the Valuation Ceiling: Addressing the Urgent Need for SET Liquidity Enhancement

DAI KADOMAE

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

DAI 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

DAI 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

DAI 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

DAI KADOMAE