SET-listed Bangkok Insurance (BKI) has set aside 1 billion baht for its investment in Thai shares this year, with a focus on banking stocks that are projected to yield higher returns than last year as interest rates rise, says chairman Chai Sophonpanich.
“We will buy stocks we sold last year, such as BBL [Bangkok Bank], BLA [Bangkok Life Assurance] and BDMS [Bangkok Dusit Medical Services], as we presently hold more than 10% of BDMS shares. We will invest around 500 million baht in BBL and BLA,” said Mr Chai.
He said he expects BKI to return to profitability from the first quarter, with estimated earnings before…
