Daily Archives: April 22, 2019

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Bank of Thailand Governor Believes Economy Will Improve in Second Half of 2019 It has been projected that the country’s economy this year would grow 3.8 per cent, he said, adding that if the new government is formed in August or September then it could affect the government’s pending projects. BANGKOK – Bank of Thailand (BoT)…

Improved FY19 earnings seen for CIMB Thai Bank

BankingBy bkp April 22, 2019

Improved FY19 earnings seen for CIMB Thai Bank Upgrade to outperform with an unchanged target price (TP) of RM6.10. CIMB Thai Bank Pcl’s three months of financial year 2019 (3MFY19) earnings exceeded our expectations accounting for 41% of our full-year estimates, attributed to lower-than-expected impairment allowances. Asset quality improved in tandem with the lower impairments. We…