Thursday June 20, 2019 04:22

Stcoks Press Release : 13 Dec 2018

Photo Release: KBank wins Best Private Bank in Thailand 2018 award on the global stage Stcoks—13 Dec 18

Mr. Jirawat Supornpaibul, Private Banking Group Head, recently represented KBank to receive the "Best Private Bank in Thailand 2018" award at the PWM/The Banker Global Private Banking Awards, organized by The Banker Magazine. It is the 24th best private

Fitch Affirms BAFS at #A+(tha)#; Maintains Negative Outlook Stcoks—13 Dec 18

Bangkok--13 Dec--Fitch Ratings

Fitch Ratings (Thailand) Limited has affirmed Bangkok Aviation Fuel Services Public Company Limited's (BAFS) National Long-Term Rating at 'A+(tha)' and maintained Negative Outlook. Fitch has also affirmed BAFS's National Short-Term Rating at 'F1(tha)'.

The Negative Outlook reflects the potential construction and business risks associated with the company's oil pipeline project undertaken by subsidiary Fuel Pipeline Transportation Limited (FPT) and the expectation that financial leverage will increase temporarily during the construction phase. BAFS has not yet signed off-take agreements for the FPT project, but Fitch considers the off-take risk to be limited due to the healthy existing oil demand in the area served, fee competitiveness against alternative transportation as well as safety, social and environmental reasons. Fitch expects BAFS to deleverage after FPT's first full year of operation in 2020, but the pace of deleveraging could be delayed by cost overruns, construction delays, and/or failure to secure sufficient off-take demand.

KEY RATING DRIVERS

Increasing Financial Leverage: Fitch expects BAFS's FFO-adjusted net leverage to rise to 3.0x-3.5x over 2018-2019, due to the large capex plan for the FPT project, before declining to about 2.0x, the level commensurate with its current r

SET lists first depositary receipt representing overseas ETF on December Stcoks—13 Dec 18

The Stock Exchange of Thailand (SET)'s first depositary receipt, DR, representing a Vietnam exchange-traded fund (ETF), issued by Bualuang Securities pcl (BLS), will be listed on December 18 under the ticker symbol "E1VFVN3001". SET President Pakorn

Fitch Affirms SMBC Bangkok Branch#s THB Notes at #AAA(tha)# Stcoks—13 Dec 18

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings on Sumitomo Mitsui Banking Corporation, Bangkok Branch's (SMBC Bangkok Branch) Thai baht-denominated senior unsecured notes at 'AAA(tha)'. KEY RATING DRIVERS The note ratings are based

Bangkok Bank joins with R3 consortium to develop new generation L/C service using Blockchain Stcoks—13 Dec 18

Bangkok Bank collaborates with leading global trade finance banks to develop Letter of Credit (L/C) service using Blockchain technology to increase efficiency at every step of the transaction process. Bangkok Bank Executive Vice President Ian Guy Gillard

Australia#s First SME Challenger Bank Selects VERMEG for Their Regulatory Stcoks—13 Dec 18

VERMEG the banking and insurance software solution leader has announced today that Australian Challenger bank, Judo Capital have selected VERMEG's AgileREPORTER package, to meet its' Australian Prudential Regulation Authority (APRA) reporting

Photo Release: SEC and allies welcome employers to the Happy PVD Company Stcoks—13 Dec 18

The SEC, in cooperation with the SET, the Association of Investment Management Companies and the Association of Provident Fund, welcomed more than 170 employers' commitment to the Happy PVD Company Initiative, which aims to encourage employees to give a

Photo Release: KBank and LINE Join Forces to Establish KASIKORN LINE Company Limited A Brand-New Stcoks—13 Dec 18

Mr. Patchara Samalapa (third from right), President of KASIKORNBANK, Mr. Ariya Banomyong (far left), Managing Director of LINE Thailand , Ms.Young Eun Kim (second from left), Chief Operating Officer, LINE Financial Asia and Mr.Youngsu Ko (third from

Photo Release: SCB to launch Invest Now SCB EASY campaign offering convenience for investment Stcoks—13 Dec 18

As a digital banking leader, Siam Commercial Bank is determined to continue developing new services following its goal of fully operating on a digital platform. The transformation aims to fill the gaps arising from drastic changes in customer

IMF Staff Concludes Visit to Costa Rica Stcoks—13 Dec 18

An International Monetary Fund (IMF) team led by Ravi Balakrishnan visited San Jose from December 4 to 11 to discuss recent economic developments, the fiscal reform, and the overall macro and financial outlook. The mission held fruitful discussions with