Some Banks are minting it, others are meh
Banks are always the first to announce their financial performances and here are some quick thoughts:
- Just look @ BAY’s performance, followed by its corresponding stock price performance, it has just been amazing.
- The larger banks in general are still continuing to grow, NPL management has been proactive, especially at KBANK.
- The smaller institutions i.e. KKP the results are well, shit, why? Autos.
- TMB’s performance came out fantastic because of one-time gains that won’t be replicated in 2015.
- All in all a decent performance for the sector despite everything that has happened in the past 18 months. I still think finco’s are going to be a winner this year and next as a result of the infrastructure projects.
- BBL – Stable, unexciting, the same as it has been and will always be.
Source: Bangkok Post
Mike
Hi Pon,
What do you mean when you say: “The smaller institutions i.e. KKP the results are well, shit, why? Autos.”
“Autos”?
Mike
Pon
http://www.set.or.th/set/companynews.do?symbol=KKP&language=en&country=US, have a look here for their breakdown of FY numbers, you can see the npl increase and decrease in loan growth, KKP was a benefactor from the first car buyer scheme.