KKP : Attractive Dividend Yield Despite Slowing Growth

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

Leading, full-service investment firm in Thailand

Pi Securities PCL, Thailand

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Moreover, our new research team tailored for institutional clients to focus on mid to small cap of Thai equities and trading strategies. Our services offered to our premium clients also include arrangement of company or site visits to with the managements of Thai listed companies.

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Equity Bottom-Up

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<li>Maintain BUY for KKP with a target price of Bt86.00. KKP’s net profit in 3Q22 came in line with expectations at Bt2.1bn, up 41% YoY (+2% QoQ).</li>
<li>3Q22 results in line with expectations KKP reported a net profit of Bt2.1bn in 3Q22,up 41% YoY (+2% QoQ). The strong YoY rise was supported by higher net interest income, </li>
<li>Net loan growth was strong at 7.1%QoQ making a 17.7%rise for 9M22.Elevated loan growth was largely due to higher demand from corporate and retail loans (auto HP and mortgage loans).</li>
</ul>


Maintain BUY for KKP with a target price of Bt86.00. KKP’s net profit in 3Q22 came in line with expectations at Bt2.1bn, up 41% YoY (+2% QoQ).
3Q22 results in line with expectations KKP reported a net profit of Bt2.1bn in 3Q22,up 41% YoY (+2% QoQ). The strong YoY rise was supported by higher net interest income, 
Net loan growth was strong at 7.1%QoQ making a 17.7%rise for 9M22.Elevated loan growth was largely due to higher demand from corporate and retail loans (auto HP and mortgage loans).


Kiatnakin Bank

KKP : Steady Growth with High Dividend