2023-04-23 10:07:10
Commercial banks report operating results for the first quarter of 2023 with a total net profit of 60,280.24 million baht, an increase of 11.52% from the same period last year. from rising interest rates and decreasing provisioning
Commercial banks report operating results for the first quarter of 2023 with a total net profit of 60,280.24 million baht, an increase of 11.52% from the same period last year. from rising interest rates and decreasing provisioning The big banks have seen remarkable increases in profits. Except for the case of Kasikorn Bank (KBANK) and Siam Commercial Bank (SCB), which require more reserves from large debtors.
First quarter results came out better than expected. Support banking stocks on the last day of the week. The Banking Index rose 6.64 points or 1.78% to close at 378.86, with the highest trading value of 16.3 billion baht.
KBANK shows Q1 profit of 10,741 million baht, revealing that large customers are susceptible to debt
SCB net profit in the first quarter of 10,995 million, an increase of 9.5%, provisions of 9.93 billion
BAY shows Q1 profit jumping 17% to 8,676 million baht – reducing provision
Thai stocks fell sharply from the previous week. However, Thai stocks rebounded briefly at the beginning of the week. by regional stock market before falling for the rest of the week. Due to the absence of new factors to support and the market estimates that the US Federal Reserve (Fed) will raise interest rates once more at the meeting in early May. While foreign investors returned to sell Thai stocks once more.
for this week Thai stocks fall in all industries with the energy group falling the heaviest Due to additional negative factors from oil prices in the global market, however, bank stocks have strong buybacks at the end of the week. After many banks reported quite good results recently. Although during the week it faced pressure from the issue of lending to a company that postponed the submission of financial statements.
On Friday (April 21), the SET index closed at 1,558.36 points, down 2.15% from the end of last week. While the average daily trading value was 51,348.78 million baht, an increase of 31.42% from the previous week, while the mai index fell 4.77% to close at 519.24 points.
For the next week (April 24-28), Kasikorn Securities Company Limited sees that the Thai stock index has support at 1,540 and 1,520 points, while resistance is at 1,570 and 1,600 points, respectively.
Kasikorn Research Center assesses important factors to monitor, namely export figures in March. of Thailand, the direction of foreign capital And the results for the 1st quarter of 2023 of Thai companies. Important US economic data, including new home sales. durable goods purchases personal income and expenditures, the March PCE/Core PCE Price Index, as well as the 1Q23 GDP figure, while other foreign factors include the BOJ meeting, the Eurozone 1Q23 GDP figure. Including industrial company profits in March of China
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