MTC sees record high 4Q on seasonal, reaffirms 25-30% loan port growth, <2% NPL, sets 20-30% revenue and profit growth target for next year.
Comment: A friend in this industry has gently informed me that my thoughts of MTC and SAWAD are lying on their NPLs are incorrect. He informed me that the real default rate is ~3%, with 50% of the defaults being repossessed and 1.5% NPLs.
PSL: Dry Bulk: BDI -6.85% 105pts to 1,428 level.
Comment: A volatile sector, but I still see the next 6-12 months being amazing for shippers, even dry bulk ones like PSL.
SCB took lead in cutting lending rate and fixed deposit rate by 25 bps, following the cut by BOT on Wed, others are likely to follow. SCB announced strategic partnership with Spore QR payment network, Liquid Group, to expect cross-border transactions from travelers & merchants.
Comment: And boom, good bye NIMs