Tuesday November 24, 2020 16:04

Stcoks Press Release : 17 Aug 2020

Surge in Medical Investment, Higher FDIs, as Thailand Total Applications Rise, BOI says Stcoks—17 Aug 20

Investors’ confidence in Thailand’s management of the COVID-19 crisis and the recovery outlook led in the first six months of 2020 to an increase in the number of investment applications, especially in target industries such as the medical

Fitch Affirms Bank of China (Thai)'s Long-Term National Rating at 'AAA(tha)'; Stable Outlook Stcoks—17 Aug 20

Bangkok--17 Aug--Fitch Ratings (Thailand)
Fitch Ratings (Thailand) has affirmed the National Long-Term Rating of Bank of China (Thai) Public Company Limited (BOCT) at 'AAA(tha)' with a Stable Outlook, and the National Short-Term Rating at 'F1+(tha)'.
KEY RATING DRIVERS

BOCT's National Ratings are based on institutional support from its parent, Bank of China (Hong Kong) Limited (BOCHK; A/Stable/a). Fitch believes that there is an extremely high probability that BOCT would receive extraordinary support from its parent, if needed. Fitch considers BOCT as a strategically important subsidiary of BOCHK. BOCT has a small market presence, but supports the parent's franchise in south-east Asia; for example, it services Chinese clients with business interests in Thailand, the region's second-largest economy. Furthermore, there is full ownership by BOCHK, brand- and name-sharing, close integration, and ongoing operational and financial support from BOCHK to BOCT.

RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive rating action/upgrade:
BOCT's National Ratings are already at the top end of the scale; hence, there is no rating upside.
Factors that could, individually or collectively, lead to negative rating action/downgrade:
Fitch may downgrade BOCT's ratings if BOCHK's ability to support its subsidiary declines, as may

ICHI bucks trend with the Q2 net profit rise of 9.2%, planning to launch new healthy products to Stcoks—17 Aug 20

Ichitan Group Public Company Limited (ICHI) posted a stunning financial performance in the second quarter of 2020, despite the COVID-19 crisis. The Company’s quarterly net profit jumped 9.2% from a year earlier to 149.3 million baht while revenue

Fitch Affirms ICBCT and ICBCTL at 'AAA(tha)'; Downgrades ICBCT's Bonds Stcoks—17 Aug 20

Fitch Ratings (Thailand) has affirmed the National Long-Term Ratings of Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT) and ICBC (Thai) Leasing Company Limited (ICBCTL) at 'AAA(tha)' with a Stable Outlook. At the same time,

KTC organises exclusive “Dine & Stay” promotion with free one night stay Stcoks—17 Aug 20

"KTC"or Krungthai Card Public Company Limited, organises exclusive “Dine & Stay” promotion specifically for KTC credit cardmembers at the following two renowned hotels: Dine & Stay at dining rooms in JW Marriott Hotel Bangkok from

CRC surmounts Covid-19 impacts, agile organizations make revenue bounce back and turn profit in Stcoks—17 Aug 20

Central Retail CorporationPublic Company Limited (CRC)acknowledges impacts on its operating result in the first half of 2020 due to the coronavirus disease 2019 (COVID-19), business lockdowns in the second quarter of the year, and other negative factors

KhunThong social chatbot – a New Breed of Treasurer from KBank – adds new Stcoks—17 Aug 20

The KhunThong social chatbot – a New Breed of Treasurer, offered by KASIKORNBANK (KBank) – has unveiled a “Scheduled Bill” feature to meet the needs of customers seeking to split bills among their friends or family members. This

“SABINA” unfazed by lockdown, boasting 121 million baht of profit in 1H 2020 2Q online Stcoks—17 Aug 20

SABINA disclosed its performance for the first half of 2020. Sales revenue was 1,331 million baht, a 18.4% decrease from 1,632 million baht in 1H 2019 while net profit in the first six months was 121 million baht, a 39.6% decrease from last year. Gross