Economic Update: 2Q24 GDP Growth - August 20, 2024
We expect economic growth in 2H24E to accelerate beyond the 1.9% YoY expansion seen in 1H24E, serving as a key driver in achieving the revised...
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Thai Banks 2Q24 Screener; We Stick with Krung Thai for Best Value, We Downgrade Kasikorn to Neutral
​Krung Thai is our value Thai bank pick, with best of peers ROE and a strong balance sheet, while Kasikorn is downgraded to neutral due to credit...
582 Views
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.
272 Views
SCB X - Downbeat Earnings on Higher Provision
We maintain an Outperform rating with a 12M fair value of Bt117.44, based on the earnings yield and a required return of 11.7%.
269 Views
SCB - High Dividends the Highlight Amid Slow Domestic Loan Growth
We initiate coverage on SCB with an Outperform rating, with a 12M FV of Bt117.44, based on the earnings yield and a required return of 11.7%.
279 Views