Thursday January 23, 2020 08:52

Stocks and Financial Services Press Releases

Standard Chartered Bank: Thailands 2020 Growth to Stay Soft, Rate-Cutting Cycle Not Over Yet Stcoks—22 Jan 20

- Thailand's potential growth rate of around 4%, which was achieved in 2017-18, is likely to remain elusive for the foreseeable future - Strong THB is out of line with Thailand's weakening fundamentals and raises concerns for the BoT - We have a

CIMB THAIs net profit for 2019 surges 216-fold from 2018 to THB 1,501.6 million. Stcoks—22 Jan 20

- Provisions decreased by 48.7% YoY resulting from remedial actions to improve the assets quality. - Operating income increased by THB 472.5 million to THB 14.2 billion YoY. - Higher net interest income of THB 160.6 million YoY. - Net fee and service

KASIKORNBANK announces 2019 net profit of Baht 38,727 Million Stcoks—21 Jan 20

Ms. Kattiya Indaravijaya, President of KASIKORNBANK, said Thai economic activity in 2019 showed no clear recovery. Thai exports contracted further due to a stronger Baht and a global economic slowdown, although the US and China reached an agreement and

KTC invites cardmembers to dine deliciously at top Chinese restaurants with discounts and credit Stcoks—21 Jan 20

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, joins forces with 39 super Chinese restaurants including Boon Tong Kee / Chok Dee Dim Sum / Ho's Kitchen / Din Tai Fung / Hua Seng Hong /

Bangkok Bank reports 2019 net profit of Baht 35,816 million Stcoks—22 Jan 20

In 2019, the Thai economy expanded at a slower rate than in 2018 as export contraction led to the decline in manufacturing production and private investment. Weaker global growth, uncertainties around global trade relationship, and the

CEO Pessimism Over Global Growth Reaches Record High - PwC Stcoks—21 Jan 20

- Uncertain economic growth joins over-regulation and trade conflicts as a top three threat As we enter a new decade, CEOs are showing record levels of pessimism in the global economy, with 53% predicting a decline in the rate of economic growth in

Fitch Rates Eastern Polymer#s New Debentures #A-(tha)# Stcoks—20 Jan 20

Fitch Ratings (Thailand) Limited has assigned Eastern Polymer Group Public Company Limited's (EPG, A-(tha)/Stable) proposed senior unsecured debentures of up to THB800 million due 2023 a National Long-Term Rating of 'A-(tha)'. The proceeds of the

SCB ANNOUNCED 2019 NET PROFIT OF BAHT 40.4 BILLION WITH A SPECIAL DIVIDEND OF BAHT 0.75 PER Stcoks—20 Jan 20

Siam Commercial Bank and its subsidiaries reported 2019 pre-provision operating profit (PPOP) of Baht 95.6, up 30% yoy. This strong PPOP growth from 2018 was primarily driven by the recognition of extraordinary gains from sale of SCB Life. Nevertheless,

SET focuses inclusive growth in 2020 in a balanced and sustainable Stcoks—17 Jan 20

The Stock Exchange of Thailand (SET) in 2020, marking the 45th anniversary, further creates growth for the capital market, society, and the country to grow together for inclusive well-being by enhancing process and expanding business in line with a

Bangkok Bank reserves cash of Baht 40 billion to meet demand during the Chinese New Year festival Stcoks—17 Jan 20

Bangkok Bank will be reserving more than Baht 40 billion of cash at its 1,000-plus branches, including micro branches, and its nationwide network of 10,000 ATMs in order to meet the higher demand during the Chinese New Year festival. The bank will also

EIC trims down its GDP growth forecast for 2020 to 2.7% from 2.8% previously. Stcoks—17 Jan 20

EIC trims down its GDP growth forecast for 2020 to 2.7% from 2.8% previously. While merchandise exports are expected to improve modestly thanks to declining uncertainties from the trade tensions, private domestic demand slowdown is likely to continue due

AEON launches its first digital platform smart branch in Thailand Stcoks—17 Jan 20

AEON Thana Sinsap (Thailand) Public Company Limited launches its new AEON branch platform to advance the future of financial innovation, led by Mr. Kenji Fujita (Middle) Managing Director and Ms. Suporn Wattanavekin (4th from right) Director of AEON

KBank earmarks cash reserves 43.7 billion Baht for 2020 Chinese New Year Stcoks—17 Jan 20

KASIKORNBANK plans to allocate cash reserves of 43.7 billion Baht for KBank Branches and K-ATMs to serve customers during the upcoming Chinese New Year festival, January 22-25, 2020. Of that total, 22.8 billion Baht is for branches nationwide, including

Thailand presents a USD58 billion opportunity for the private sector to invest in sustainable Stcoks—17 Jan 20

- Opportunity2030 study reveals the almost USD10 trillion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in emerging markets - At around USD40 billion, the greatest private-sector opportunity in

FINANSIA organize a big event FINANSIA Investment Conference 2020 host over 60 listed companies to Stcoks—16 Jan 20

Finansia Syrus Securities Public Company Limited ("Finansia"), the leader of the capital market business, host over 60 leading Thai listed companies to organize the Finansia Investment Conference 2020 ("FIC2020") for the second consecutive year. The

KTC achieves new high profits consecutively for seven years with plans to pay dividends of not less Stcoks—16 Jan 20

KTC raises the bar consecutively for seven years, announcing 2019 net profits of 5.524 billion, a 7.5 percent growth. Credit card account soared the highest in the past three years. Managed to continue controlling NPLs at low levels. Announces 2020 goal

QNB Group: Financial Results for the Year Ended 31 December 2019 Stcoks—15 Jan 20

QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the year ended 31 December 2019. Net Profit for the year ended 31 December 2019 reached QAR14.4 billion (USD3.9 billion), an increase of 4%

Webb Fontaine Awarded Contract With the Ministry of Economic Development for the Republic of Stcoks—15 Jan 20

Webb Fontaine, a leading provider of solutions for trade facilitation powered by artificial intelligence and new generation of IT systems, has been awarded a five-year contract with the Ministry of Economic Development for the Republic of Maldives to

KASIKORNBANK PCL (KBank) have met with the Central Bank of Myanmar Stcoks—14 Jan 20

Mr. Pattarapong Kanhasuwan, KBankExecutive Vice President, said that reference is made to news reports that representatives of Ayeyarwaddy Farmers Development Bank (A bank) and KASIKORNBANK PCL (KBank) have met with the Central Bank of Myanmar for equity

KTC partners with GoWabi in serving exclusive beauty and wellness deals for online Stcoks—14 Jan 20

"KTC" or Krungthai Card Public Company Limited, partners with, "GoWabi", a Thai start up, in organising beauty promotion deals across Bangkok for KTC credit cardmembers. Cardmembers receive 10% discounts instantly valued up to 200 Baht without the need

2020 to be year of #slowbalisation for global economy, says PwC Stcoks—14 Jan 20

Global economic growth in 2020 is expected to grow at a rate of around 3.4% in purchasing power parity terms compared to its long-term average of a 21st century average of 3.8% per year, according to new projections by PwC. PwC predict that 2020 will be

iSTOX Secures Funding Of USD 5 Million From Korea#s Hanwha Asset Management Stcoks—14 Jan 20

Next-generation capital markets platform iSTOX has secured a USD 5 million investment from Hanwha Asset Management, South Korea's leading comprehensive asset management company. The Korean financial leader's investment in iSTOX follows similar

New YPO Global Pulse Survey on Trust Finds Young Business Leaders View Trust as Critical But Lack Stcoks—14 Jan 20

Close to 3,000 Chief Executives from 115 countries weighed in on this essential to business topic YPO, the global leadership community of more than 28,000 chief executives in 135 countries, conducted a member survey designed to provide the chief

Photo Release: KBank gives away 3 million prosperity, wealth, good fortune and happiness red Stcoks—13 Jan 20

KBank welcomes the Chinese New Year Festival by producing Ang Pao packets that feature the lucky sayings "prosperity, wealth, good fortune and happiness" and a healthy rat, a symbol of well-being, sitting with its tail embracing wealth and surrounded by