In today’s briefing:
- KKP : Solid Growth, High Dividends
KKP : Solid Growth, High Dividends
- Maintain BUY for KKP with a new target price of Bt84.00.Given a better-than-expected result in 2Q22 and new financial guidance, we increased our net profit projections by 7-8% in 2022-24.
- Analyst meeting We are opportunistic after attending the analyst meeting on 25 July. Management adjusted its 2022 financial guidance as follows: (i) loan growth of 16% YoY (from 12%)
- KKP raised its hire purchase interest rate by around 25bp to mitigate the impact higher funding costs that were likely increase going forward.It maintained a loan spread of 5.1%in 2022
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