3Q12 earnings seasons is upon us! And banks have already come out with their numbers, most have done quite well, no real surprise given their income tax costs drop from 30 to 23%, except for TCAP which was down 27% QoQ b/c of increased provisions (quite a surprise).

Expect to see a summary of all results, http://www.thaicapitalist.com/2012/08/2q12-earnings-summary-and-the-winner-is/, by the 3rd week of Nov (as the deadline for all listed thai co’s is mid nov)