4 stories mentioning BKK:TTBUpdated 19d ago
Every FINWIRES story that references BKK:TTB, newest first.
TMBThanachart Bank (BKK:TTB) has an average rating of hold and mean price target of 2.68 baht, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
TMBThanachart Bank (BKK:TTB) has an average rating of hold and mean price target of 2.49 baht, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
TMBThanachart Bank's (BKK:TTB) consolidated attributable profit rose to 5.51 billion Thai baht in the quarter ended June 30, from 5.00 billion baht a year ago.Earnings per share came in at 0.06 baht from 0.05 baht a year earlier, according to a Monday filing to the Thai stock exchange.Net interest income in fiscal Q2, however, slipped to 12.3 billion baht from 12.7 billion baht a year earlier.Total operating income, which includes gains on financial instruments, investments and other revenue sources, rose to 17.3 billion baht from 16.4 billion baht.The bank's shares jumped nearly 9% in recent trade in Bangkok.
Fitch Ratings on Tuesday affirmed the ratings of three Thailand-based banks, reflecting the high likelihood of extraordinary support from their shareholders or parents.The rating agency maintained the long-term issuer default rating of TMBThanachart Bank (BKK:TTB) at BBB, Bank of Ayudhya (BKK:BAY) at BBB+, and United Overseas Bank (Thai) at A-, among other ratings.Fitch expects a high likelihood of extraordinary support from the Thai government for TMBThanachart Bank if required, given its status as a domestic systemically important bank due to its scale and financial system connections.Bank of Ayudhya and United Overseas Bank (Thai) also have a high probability of support from their respective parents, Japan's Mitsubishi UFJ Financial Group (TYO:8306) and United Overseas Bank (SGX:U11).Bank of Ayudhya and United Overseas Bank (Thai) have an AAA(tha) national long-term rating, reflecting the lowest expectation of default risk compared to other Thai issuers, while TMBThanachart Bank has an AA+(tha) rating.
