NationThailand-Oct 21
Seven major Thai banks listed on the Stock Exchange of Thailand (SET) have reported record-breaking revenues, with Siam Commercial Bank (SCB) leading the pack with a dividend payout of 9.84 baht. However, analysts warn that a potential interest-rate cut by the Bank of Thailand could put pressure on banking stocks’ net interest margins (NIMs). Despite the volatile Thai stock market, investing in bank stocks remains attractive thanks to their high dividend yields and stable growth. While some stocks have seen significant price increases, their valuations are still relatively reasonable. Wijit Arayapisit, strategist at Liberator Securities, noted that banking stocks offer attractive dividend payouts and are less affected by interest-rate fluctuations compared with other sectors. However, he cautioned that a potential rate cut by the Bank of Thailand could negatively impact banks’ NIMs and profitability. The seven major Thai banks, namely SCB, KBANK (Kasikorn Bank), KTB (Krungthai Bank), BBL (Bangkok Bank), KKP (Kiatnakin Phatra Bank), TTB (TMBThanachart), and BAY (Bank of Ayudhya, orKrungsri), have all reported strong financial performance. Read more at:
https://www.nationthailand.com/business/banking-finance/40042554
