Industry Update - Banking: Jul 23, 2024
The seven commercial banks we are monitoring reported a combined net profit of Bt53.5bn in 2Q24, up 2.7% YoY but down 11.2% QoQ.
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Kasikornbank - 2Q24 NP Beat Forecast by 5%; Stable Asset Quality
KBANK’s 2Q24 net profit beat our forecast by 5% at Bt12.6bn, up 15.1% YoY but down 6.1% QoQ, given higher-than-expected non- interest income.
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Kasikornbank - 2Q24E Net Profit Growth YoY and QoQ
We maintain an Outperform rating, based on the earnings yield method, with a required rate of return of 14.4%. The valuation metrics indicate...
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Kasikornbank - On the Way to Normalized Credit Costs
We initiate our coverage on KBANK with an Outperform rating and a 12M FV of Bt142.37, based on the earnings yield and a required return of 14.4%.
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KTX Zoom - April 3, 2024
Technically, the SET Index is expected to move sideways, with resistance at 1,384/1,392 points (50-day EMA/75-day EMA) and the support at 1,374...
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