Earnings Alerts

Siam Commercial Bank (SCB) Earnings: 3Q Net Income Surpasses Estimates at 10.94 Billion Baht

By October 21, 2024 No Comments
  • Net Income Exceeds Expectations: SCB X reported a net income of 10.94 billion baht for the third quarter.
  • Analysts’ Estimates Surpassed: The net income surpassed the analysts’ estimate of 10.27 billion baht.
  • Earnings Per Share (EPS) Outperform: The company’s earnings per share were 3.25 baht.
  • EPS Estimate Beaten: The EPS estimate was lower, at 3.04 baht.
  • Analyst Recommendations: The company’s stock received 13 buy ratings, 12 hold ratings, and 3 sell ratings.

A look at Siam Commercial Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma



Based on the Smartkarma Smart Scores, Siam Commercial Bank (SCB X Public Company Limited) shows a promising long-term outlook. With a high score of 5 in the Dividend category, the bank indicates a strong commitment to rewarding its investors with consistent dividend payouts. Additionally, scoring 4 in both Value and Growth, SCB X showcases a solid foundation for potential growth and attractiveness in terms of valuation. The bank’s Momentum score of 4 suggests positive market momentum, while its Resilience score of 3 implies a moderate ability to withstand market challenges. Overall, the Smart Scores position Siam Commercial Bank as a well-rounded investment choice.

SCB X Public Company Limited, a provider of banking services, offers a wide range of financial products and solutions such as accounts, loans, cards, deposits, insurance, investment, payment, and digital banking services to customers worldwide. With a strong emphasis on dividends, growth potential, value, and market momentum, Siam Commercial Bank is positioned as a stable and promising player in the banking sector. While demonstrating resilience to market fluctuations, the bank’s overall Smart Scores present a positive outlook for investors seeking long-term growth and income opportunities.



Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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