“Business Stock News Online” Performance data of all 10 commercial banking groups such as KBANK, CIMBT, TTB, KTB, BBL, SCB, BAY, TISCO, LHFG for the second quarter of 2024 and the first 6 months of 2024, ending June 30, 2024 have been collected and KKP financial statements have been fully and comprehensively reported. . Operating results are often found to be robust.
The total net profit of the 10 commercial banking groups in the second quarter of 2024 was 62,911.29 million baht, an increase of 2.07% compared to the same period last year to a net profit of 61,636.68 million baht.
For the first 6 months of 2024, the total net profit was 126,420.88 million baht, an increase of 3.69% compared to the same period last year, which was a net profit of 121,917.24 million baht, which was the result of increased interest income. And there has been a decline in lending
KAZIKORN BANK PUBLIC COMPANY LIMITED Or KBANK The reported operating results for the second quarter of 2024 yielded a net profit of 12,652.92 million baht, an increase of 15.09% compared to the same period last year to a net profit of 10,994.27 million baht, resulting from increased interest income. and expected credit losses have decreased.
For the first 6 months of 2024, the net profit was 26,138.64 million baht, an increase of 20.26% compared to the same period last year to 21,735.33 million baht.
CIMB THAI BANK PUBLIC COMPANY LIMITED Or CIMBT The reported results for the second quarter of 2024 yielded a net profit of 668.46 million baht, an increase of 24.08% compared to the same period last year to a net profit of 538.75 million baht, resulting from increased operating income. and expected credit losses have decreased.
In the first 6 months of 2024, the net profit was 1,294.57 million baht, a decrease of 5.43% compared to the same period last year, when the net profit was 1,368.88 million baht.
Thanasard Thai Military Bank Public Company Limited Or TTB The reported results for the second quarter of 2024 yielded a net profit of 5,355.47 million baht, an increase of 17.28% compared to the same period last year to a net profit of 4,566.29 million baht, as a result of increased interest income. And operating costs are reduced.
In the first 6 months of 2024, the net profit was 10,689.26 million baht, an increase of 20.64% compared to the same period last year to a net profit of 8,860.80 million baht.
Krung Thai Bank Public Company Limited Or KTB The reported operating results for the 2nd quarter of 2024 were net profit of 11,195.15 million baht, an increase of 5.66% compared to the same period last year to net profit of 10,156.20 million baht, resulting from net interest income. and increased fee and service income
In the first 6 months of 2024, net profit was 22,273.59 million baht, an increase of 10.14% compared to the same period last year to 20,222.79 million baht.
BANGKOK BANK PUBLIC COMPANY LIMITED Or PBL When reporting operating results for the second quarter of 2023, there was a net profit of 11,806.83 million baht, an increase of 4.55% compared to the same period last year to a net profit of 11,293.52 million baht, as a result of increased interest income. And operating costs are reduced.
The company's net profit for the first 6 months was 22,330.48 million baht, an increase of 4.24% compared to the same period last year, with a net profit of 21,422.81 million baht.
KYADNAKIN BATRA BANK PUBLIC COMPANY LIMITED Or K.K.P The reported operating results for the second quarter of 2024 yielded a net profit of 768.79 million baht, a decrease of 45.41% compared to the same period last year, with a net profit of 1,408.29 million baht, resulting in a decrease in net interest income. And non-interest income has declined.
In the first 6 months of 2024, the net profit was 2,274.81 million baht, a decrease of 34.88% compared to the same period last year, when the net profit was 3,493.16 million baht.
SCB EX Public Company Limited Or scb The results of the report for the second quarter of 2024 were a net profit of 10,014.33 million baht due to fee income, a decrease of 15.62% compared to the same period last year, a net profit of 11,868.13 million baht. Including investment and trading income, it decreased. In addition, operating costs increased.
In the first 6 months of 2024, the net profit was 21,295.36 million baht, a decrease of 6.86% compared to the same period last year, when the net profit was 22,863.50 million baht.
Bank of Ayutthaya Public Company Limited Or Bay The reported operating results for the second quarter of 2024 yielded a net profit of 8,208.93 million baht, a decrease of 2.57% compared to a net profit of 8,425.30 million baht in the same period last year due to an increase in expected loan losses on balance.
In the first 6 months of 2024, the net profit was 15,751.54 million baht, a decrease of 7.89% compared to the same period last year, when the net profit was 17,101.59 million baht.
TISCO FINANCIAL GROUP PUBLIC COMPANY LIMITED Or Disco The reported operating results for the 2nd quarter of 2024 yielded a net profit of 1,748.99 million baht, a decrease of 5.66% compared to the same period last year, a net profit of 1,853.89 million baht, an increased rate mainly due to provisions for expected loan losses.
In the first 6 months of 2024, the net profit was 3,482.01 million baht, a decrease of 4.51% compared to the same period last year, when the net profit was 3,646.47 million baht.
LH FINANCIAL GROUP PUBLIC COMPANY LIMITED Or LHFG Net profit for the second quarter of 2024 was 491.42 million baht, a decrease of 7.64% compared to the same period last year, and net profit decreased to 532.04 million baht. Interest income. Profits from investments and dividend income decrease.
Although it had a net profit of 890.62 million baht in the first 6 months of 2024, it was 25.90% lower compared to the same period last year when the net profit was 1,201.91 million baht.
In addition BL.Tao (Thailand) KBANK's net profit margin for the first half of 2024 is pegged at 58% of full-year estimates. Much of this comes from profits from FVTPL, which is very difficult to estimate. As a result, the research department estimates net profit for 2024 at 45 billion baht, up 6% compared to the same period last year, mainly from lower reserves.
Meanwhile, 3Q24 profits are expected to increase compared to the same period last year. From reduced inventories but likely to decrease from the previous quarter. We still maintain a “BUY” recommendation on KBANK with a target price of 155.00 Baht due to higher profit base on investments and lower NIM in the previous quarter.
page BL.Grungsri TTB's 3Q24 net profit is expected to increase compared to the same period last year. and stable from the previous quarter. Total loans and NIM can be seen continuing to decline from the previous quarter.
However, TTB has the remaining tax incentives by liquidating many of its subsidiaries. It is expected to continue to be used gradually.
Net profit for 2024 is expected to be 20.5 billion baht, up 11% compared to the same period last year. Maintaining a “Buy” recommendation with a target price of 2.2 baht.
At the same time, the research department has predicted that SCB's 3Q24 net profit will increase compared to the same period last year. And from the previous quarter because total revenue operating expenses (OPEX) and inventory costs (ECL), including one-time expenses in the 2nd quarter of 2024, are expected to decrease.
Therefore, the forecast for 2024 is still 45.0 billion baht, which is 3% higher compared to the same period last year. “Trading Buy” is still recommended with a target price of 115 baht as it sees a strong dividend yield of around 8-10% a year, the highest in the banking group.
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