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…
MOU SIGNING Thai, Lao central banks enhance cooperation The Bank of Thailand and the Bank of Laos PDR have signed a memorandum of understanding (MOU) on cooperation in the areas of financial innovation and payments systems in Chiang Rai yesterday after the meeting of the 5th Asean Finance Ministers’ and Central Governors’ Meeting and related…
Thailand Holds Key Rate Steady At 1.75% The Committee voted unanimously to maintain the policy rate at 1.75 percent assessing that the Thai economy would expand around its potential despite at a slower pace than previously assessed due to a slowdown in external demand. Nevertheless, domestic demand would continue to gain traction. Headline inflation projection…
Krungsri shifts from asset-driven commercial focus to being trusted banking partner for corporate clients Krungsri (Bank of Ayudhya) has unveiled its 2019 commercial-banking business direction to become a trusted banking partner, shifting from an asset-driven strategy to provide advice and total solutions to serve the different needs of corporate customers. With a loan-growth target of…
Krung Thai Bank Public Company Limited (KTB) Plunges -1.04% on Mar 3 Shares of Krung Thai Bank Public Company Limited (BKK:KTB) last traded at 19.1, representing a move of -1.04%, or -0.2 per share, on volume of 41.92 million shares. After opening the trading day at 19.4, shares of Krung Thai Bank Public Company Limited…
$11.7 Trillion Rated Debt Have High Risk Exposure To Cyber-Attacks As the potential for significant cyberattacks rises globally, the growing intersection of supply chains, connectivity and access to data is creating new vulnerabilities for governments and businesses. “We view cyber risk as event risk that can have material impact on sectors and individual issuers,” Moody’s…
Kasikornbank (KBank) has announced a mission to forge a brand-new banking business, in order to be more robust at home and ready to make greater inroads abroad. In so doing, KBank has integrated data, human resources and business partners to personalise services that meet the needs of customers residing anywhere. The bank is aiming for…