Top Five Thai Banks in Our Chart Screener; Kasikorn Bank (KBANK TB)  Is Top

KBANK: 2Q21 Result Was in Line with Our Expectation

KBANK: Expect 3Q21 Earning to Grow YoY and QoQ

KBANK: 3Q21 Result Was the 4-Quarter Low but in Line with Our Forecast

Thai Equity - Bottom-up - Equities, Pi Securities PCL, Thailand

Pi Research

Thai Equity - Bottom-up - Equities

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Equity Bottom-Up

<ul>
<li>Despite improving economic activities from easing of restrictions, we expect KBANK’s 4Q21 to decline 39%YoY (-8%QoQ) to B7.9bn, the lowest quarterly level in 2021.</li>
<li>Pre-Provision profit will likely rise 9% YoY given higher net interest income from elevated loans and higher fee income following easing of lockdown.</li>
<li>Looking beyond 4Q21, we are optimistic about earnings momentum from loan expansion and elevated fee income. We expect net profit to resume positive growth momentum in 1Q22. Full-year net profit </li>
</ul>


Despite improving economic activities from easing of restrictions, we expect KBANK’s 4Q21 to decline 39%YoY (-8%QoQ) to B7.9bn, the lowest quarterly level in 2021.
Pre-Provision profit will likely rise 9% YoY given higher net interest income from elevated loans and higher fee income following easing of lockdown.
Looking beyond 4Q21, we are optimistic about earnings momentum from loan expansion and elevated fee income. We expect net profit to resume positive growth momentum in 1Q22. Full-year net profit 


KBANK: 4Q21 Earnings to Decline YoY and QoQ on Operating Expenses

Kasikornbank PCL

KBANK: 4Q21 Earnings to Decline YoY and QoQ on Operating Expenses