Entering the earnings announcement period for the first quarter of 2023 of bank stocks Starting today it is expected TISCO will announce the budget by analysts at Krungsri Securities Public Company Limited revealed that today TISCO 1st quarter financial announcement/66 Keep an eye on the net profit as expected or not.
Initially, it is expected that TISCO will have a net profit of 1,877 million baht, an increase 4% from the previous quarter and 5% from the same period last year. If profits are as good as expected or better than expected Sentiment directly add to TISCO and other bank stocks Conversely, if the profit is lower than expected. Sentiment Minus bank stocks as well.
While analysts at Trinity Securities Co., Ltd. recommend “Buy” with a target price of 2023 at 110 baht, expecting profit in the first quarter of 2023,771 million baht, a decrease of 2% from the previous quarter and 1% from the same period last year. The net interest income is expected to decrease. 2% from the previous quarter due to the trend of NIM weakened after the cost of deposits increased in line with interest rate trends. and an increase in remittances FIDF Back to normal at 0.46%
Non-interest income is expected to weaken. 16% from the previous quarter In terms of fee income, banking business may weaken seasonally. While capital market business fees may be affected by capital market conditions. It may also see losses from investments that are affected by capital market conditions as well.
While the debt reserve expenses are expected to decrease by about 60% from the previous quarter to 150 million baht or equivalent to Credit Cost at 25 bps This is back to the level close to the 9-month period of 2022 because in the 4th quarter of 2022, excess reserves were set up to support economic uncertainty. This makes the current surplus reserve level quite high.
