ASK upbeats FY23 outlook on surging demand for credit for commercial vehicles, expects wider NIM this year after expand auto title loan portfolio which command higher yield than HP. Comment: And their NPL’s and provisions have increased as well. But regardless they raised capital and they’re going to keep growing despite this. BANPU raised holding […]
Read More →AQUA in talk finance institutional partner & tech to form virtual bank venture, finalize deal by mid-FY23, odd/oversize logistic subsidiary, Thai Parcels, on track to list in June. Comment: This company again? Rubbish….speculator, no real business, don’t see what’s going to really happen here. BAY’s credit card unit, Krungsri Consumer, anticipates 1Q spending jump 20% […]
Read More →BAY target FY23 loan growth within 3-5% range after logged 3.1% last year, focus on ASEAN expansion to VN, Indonesia, Phil, offering ESG loan to Cambodia, Laos and TH, seen NIM in range of 3.3-3.5% vs 3.45% in FY22 while non-NII to be flat, FY23F NPL in range of 2.5-2.6% slightly higher than 2.32% last […]
Read More →BAY is also to report today, Bt8.207b 4Q22, and Bt29.84b FY22 consensus. Comment: Perhaps the best managed bank in the country over the past few years. COM7 mulls expanding house brand products portfolio from <10% of mobile accessories sales to >25% in FY23 to boost margin, utilize existing shelf spaces. Comment: so they’re going to […]
Read More →BAY teams up online payment processing platform (Stripe) to expand ecommerce payment solutions & online transactions. Comment: Now that’s an interesting development. CWT acquires 8mw bio-mass power plants in Sa Kaeo province from IEC for Bt238m. DMT reaffirms solid 4Q22 after average daily tollway traffic topped 103k trips/day thanks to recovery traffic at Don Muang […]
Read More →ADVANC mulls collaboration with KTB to launch Virtual Bank, to capitalize on its >50 customer bases. Comment: So they no longer partner with SCB that always wants to go alone and if they work with KTB and get access to the Pao-tang app, then well, game over for every other player. BAY’s consumer credit unit, […]
Read More →BAM anticipates 2 year high earnings from lower provision, will wrap up NPA land sales to SENA in 2H, mulls establish distressed assets management venture with finance to boost revenue. Comment: Well I think that we can all guess that BAM and KTB should/will partner. BAY’s card unit, Krungsri Consumer, reported Bt153b card spending during […]
Read More →BAY targets 3-5% FY22 loan growth, NPL <2.6%, teams up MUFG to expand corporate loans in ASEAN, no plans to set up jv on distressed assets management. Comment: That’s because BAY has been far more prudent compared to other banks. If you look at what else MUFG has in the region, you’ll see how BAY […]
Read More →AJA signed MOU with China Mobile International (TH) to joint operate Mobile Virtual Network Operator (MVNO), smart city, modern tech and various aspects of smart solutions. Comment: Seriously? What has this company achieved over the past 5-10 years with any of its announcements? AOT: Jetstar Asia gets nod to operate 5 weekly vaccinated travel lane […]
Read More →Thai AirAsia (TAA) predicts full recovery for Thai tourism in the next 2 years as international borders will gradually be opened by next year, while passenger traffic has yet to resume despite the country’s reopening on November 1. Comment: Depends upon the definition of a full recovery. But w/o a doubt I still think tourism […]
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