Showing 1 - 5 of 5
Banks demoted from list of most valuable companies
Bloomberg News, Published on 02/07/2020
» Thailand’s biggest banks aren’t so large when it comes to their market values. Siam Commercial Bank Plc was overtaken last month by agro-industrial firm Charoen Pokphand Foods Plc, leaving the kingdom as the only Southeast Asian economy without lenders among its 10 most-valuable companies.
Record flood of new deposits is a problem for banks
Bloomberg, Published on 29/05/2020
» Thais are turning to banks as a safe haven, adding deposits at a record pace in the Covid-19 era. While that’s a vote of confidence, the lenders are likely to face a hard time putting all the funds to good use.
SCB out of favour among analysts as bad loans rise
Bloomberg, Published on 23/01/2020
» Siam Commercial Bank Plc, one of Southeast Asia’s largest lenders, has fallen out of favour with securities analysts after reporting fourth-quarter results that raised concerns about loan quality.
Vietnam's economy comes of age
News, Nehginpao Kipgen & Akash Sahu, Published on 23/12/2019
» Vietnam in Southeast Asia is one of the best growing economies in the region. The country has become an attractive destination for investment from all over the globe. The trade wars between the US and China have certainly contributed to this outcome. Since the US has stopped cooperating with China in a number of industries, the profitability of manufacturing in China has fallen. As the general living standard has also increased, labour is cheaply available elsewhere. This has motivated manufacturers to find cheaper destinations, such as Vietnam.
Top-performing Tisco bank will shun risky lending amid slowdown
Bloomberg News, Published on 25/06/2019
» Tisco Financial Group Plc, Thailand’s top performing bank stock this year, is becoming wary of risky lending practices as the economy slows.