Q2/2017 Performance The top three banks with the highest revenue are Siam Commercial Bank (SCB) at 61.9 billion baht, Krung Thai Bank (KTB) at 61.8 billion baht, and Kasikorn Bank (KBANK) at 59.1 billion baht. The highest net profit margin belongs to Siam Commercial Bank (SCB) at 28.66%, while Bangkok Bank (BBL) recorded the highest earnings per share at 8.57 baht per share. The highest return on equity (ROE) is held by TISCO Financial Group (TISCO) at 18.45%. In terms of operational risk, the top three banks with the highest NPL figures are Krung Thai Bank (KTB) at 99.07 billion baht, Bangkok Bank (BBL) at 85.9 billion baht, and Kasikorn Bank (KBANK) at 66.8 billion baht.


TerraBKK Research summarizes the performance figures for Q2 2017 of the “Commercial Bank” group, consisting of 11 companies, as follows:


Revenue

• The average revenue for Q2 2017 ranged from 76 billion to 555 billion baht.
• The only bank with revenue exceeding 10 billion baht is Siam Commercial Bank (SCB) at 61.9 billion baht.
• The banks with the highest revenue growth compared to the same period last year are Krungsri Bank (BAY) at 10.1%, Kasikorn Bank (KBANK) at 3%, and Siam Commercial Bank (SCB) at 2.1%.
• The banks with the largest revenue decline compared to the same period last year are Krung Thai Bank (KTB) at -5.7%, TMBThanachart Bank (TCAP) at -4.7%, and Thai Military Bank (TMB) at -4.5%.


Net Profit Margin (NPM)

• The average net profit margin for Q2 2017 ranged from 16.8% to 25.5%.
• The top three banks with the highest net profit margins are Siam Commercial Bank (SCB) at 28.6%, Kiatnakin Bank (KKP) at 27.32%, and TISCO Financial Group (TISCO) at 26.6%.
• The bank with the largest increase in net profit margin compared to the same period last year is TISCO Financial Group (TISCO) at 26.6% (Q2/2017) from 22.2% (Q2/2016).
• The bank with the largest decrease in net profit margin compared to the same period last year is Krung Thai Bank (KTB) at 15.15% (Q2/2017) from 20.2% (Q2/2016).


Earnings per Share (EPS)
• The bank with the highest earnings per share is Bangkok Bank (BBL) at 8.57 baht per share (Q2/2017) from 8.11 baht per share (Q2/2016).


Return on Equity (ROE)

• The average ROE for Q2 2017 ranged from 10.3% to 13.6%.
• The top three banks with the highest ROE are TISCO Financial Group (TISCO) at 18.45%, Kiatnakin Bank (KKP) at 14.82%, and Siam Commercial Bank (SCB) at 14.42%, reflecting their ability to manage operations effectively to provide returns to shareholders.
• The bank with the highest growth in ROE compared to the same period last year is Kiatnakin Bank (KKP) at 14.82% (Q2/2017) from 11.33% (Q2/2016).
• The bank with the largest decrease in ROE compared to the same period last year is CIMB Thai (CIMBT) at -1.73% (Q2/2017) from 4.3% (Q2/2016).

Return on Assets (ROA)

• The average ROA for Q2 2017 ranged from 1.3% to 2%.
• The top three banks with the highest ROA are Kiatnakin Bank (KKP) at 2.75%, TISCO Financial Group (TISCO) at 2.55%, and Siam Commercial Bank (SCB) at 2.06%, reflecting the efficiency of these companies in utilizing assets for better returns than the group average.
• The bank with the highest growth in ROA compared to the same period last year is TISCO Financial Group (TISCO) at 2.55% (Q2/2017) from 1.98% (Q2/2016).
• The bank with the largest decrease in ROA compared to the same period last year is CIMB Thai (CIMBT) at -0.22% (Q2/2017) from 0.47% (Q2/2016).

 

NPL (Non-Performing Loans)

• The average NPL for the first half of 2017 ranged from 10.9 billion to 63.9 billion baht.
• The top three banks with the highest NPL figures are Krung Thai Bank (KTB) at 99.07 billion baht, Bangkok Bank (BBL) at 85.9 billion baht, and Kasikorn Bank (KBANK) at 66.8 billion baht. The banks continue to closely monitor loan quality and maintain adequate provisions for doubtful debts.
• The bank with the highest increase in NPL compared to the same period last year is Bangkok Bank (BBL) at 85.9 billion baht (Q2/2017) from 67.9 billion baht (Q2/2016).
• The bank with the largest decrease in NPL compared to the same period last year is TMBThanachart Bank (TCAP) at 15.6 billion baht (Q2/2017) from 18.6 billion baht (Q2/2016).


P/E Ratio (as of September 22, 2017)

• The average P/E for the real estate development group ranged from 9.8 to 12.3 times.
• The highest P/E is held by LH Financial (LHBANK) at 15.18 times, indicating that its stock price is high compared to other stocks in the group ---TerraBKK

 

 

Article by: TerraBKK Investment Tips
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