Targets SME loan growth 2-3x GDP — BAY targets SME loan growth in 2014 of two-three times GDP growth, which is expected at 4%. It plans to expand its customer base to include more Japanese with a greater focus on trading business. NPLs are expected to be below 1%. Mr. Nariaki Koto has been appointed as the new CEO and BTMU says the voluntary tender offer (VTO) left it holding 72%. (Tun Hoon, 19/12/13)
Comment: BAY only has a couple percentage points of free float now, will this force the stock to be delisted from the big indices b/c of liquidity requirements?
In first ten months take in more than Bt9.3bnn in business premiums or up 30% YoY, higher than market’s expectations of 20%. It targets business premium growth next year of 10-15%. It also plans to raise investment in equities and reduce its holding in bonds. (Khao Hoon, 19/12/13)
Comment: The argument we’ve read constantly is that Thailand is still an underinsured country Continue reading Stocks in the news (bay, bla, hmpro, ptt, ticon, uv) 19.12.13