Home > Business > KBank, BAY set as top bank picks

KBank, BAY set as top bank picks

Kasikornbank and Bank of Ayudhya (BAY) are the favourites among banking stocks as first-quarter net profits of the country's largest banks are projected to rise 12.8 per cent year on year.

Published on April 9, 2008

That's a big improvement from a combined loss of Bt8.5 billion recorded in last year's final quarter, thanks to hefty net interest spreads.

For the first quarter of this year, the big banks - including Bangkok Bank, Siam Commercial Bank, Krung Thai Bank, TMB Bank and Siam City Bank - are expected to make a combined net profit of Bt20.6 billion.

Trinity Securities said its target price for Kasi-kornbank, which closed

up Bt0.55 at Bt91.5 yesterday, is Bt115, while Phillip Securities (Thai-land)'s target for Bank of Ayudhya, which closed at Bt25, up Bt2.04, is Bt34.50.

The Nation

AIS to launch 3g broadband this year
Advanced Info Service (AIS) is set to launch a 3G broadband cellular service on its existing 900MHz band....
Eco-cars, hybrids to take centre stage at TAPA 2008
With vehicle sales dropping worldwide from skyrocketing oil prices, eco-cars and hybrids will take centre....

KBank, BAY set as top bank picks

Kasikornbank and Bank of Ayudhya (BAY) are the favourites among banking stocks as first-quarter net profits of the country's largest banks are projected to rise 12.8 per cent year on year.

OTHER BUSINESS

AIS to launch 3g broadband this year

Eco-cars, hybrids to take centre stage at TAPA 2008

Top Stories