‘Bank stocks’ show 1Q21 profit, brighter than expected, good-looking outlook
Mr. Therdsak Thawee Theeratham, Deputy Director of Research Division, Asia Plus Securities Company Limited (ASPS), revealed that the commercial banking group share overview. The gradual release of the financial statements for the first quarter of 2021 reflected better-than-expected operating results. Because system-wide analysts expected it to come out relatively low. In which, if assessing the components that make the budget come out better than expected Comes from many parts, such as the improved free fee Interest rate margin (NIM) that has moved up to some Including the provision for bad debts, not as much as in the past What will be the trends in the next quarter and the whole year? It may take some time to assess the overall economy. Because when entering the second quarter of 2021 in April There has been a third wave of COVID-19 outbreak, so we need to assess whether the impact will be greater or less. And finally, it will result in a reduction. Or how much downside can happen If the COVID outbreak is not very long Looking at the second half of this year The economy should be able to recover again.
“The picture of bank stocks now looks better. Most importantly, the value of the bank’s shares is relatively cheap. Because the trading price (trade) is lower than the account value Make bank stocks more attractive In the next phase The impact of COVID must be assessed. About how well after Ripple 3 starts to calm, most business sectors will be able to recover very well. Especially in the service sector That is already weak But in terms of bank readiness in various situations Considered in good condition And also has a strong financial position, “said Therdsak.
The reporter reported that Banking shares fell 1.83 points, or 0.46%, with a turnover of 8.18 billion baht.
Kasikorn Bank Disclosed operating results for the first quarter of 2021 showed a net profit of 10,627 million baht, a decrease of 2,631 million baht or 19.85% from quarter 4/2020, set aside 8,650 million baht, the Siam Commercial Bank had a net profit of 10,088 million baht. Up 9.0%, set aside 10,008 million baht, Bangkok Bank had a net profit of 6,923 million baht, an increase of 4,525 million baht, a reserve of 6,326 million baht, TMB Bank Public Company Limited or TMB had a net profit of 2,782 million baht. 125% set aside 5,480 million baht, Bank of Ayudhya had a net profit of 6,505 million baht, an increase of 92.2% or 3,120 million baht and a 175% reserve.
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