SET lacks catalysts until year-end

Quick Summary:

A rash of bad third-quarter results from key listed companies hit the Stock Exchange of Thailand (SET) in November, leading to relatively subdued trading activity during the month.

Lastly, we like SCB, one of the few banks to report better than expected third-quarter earnings (10.9 billion baht, up 13% year-on-year and 9% quarter-on-quarter).

While its third-quarter net profit of 709 million baht was 10% below our expectations, the launch of the new iPhone 16 has been a hit and that revenue will be fully recognised in the fourth quarter.

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Article Details

Category: EconomyBusiness

Markets: ThailandCanadaChinaMexico

Topics: Tesg Billion Results Funds Baht Month November Third-quarter Points Market Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 04:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 902 words

Reading Time: 6 minutes read

Sentences: 42 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24404612

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 10 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 11 hours ago

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Publisher ID: #66

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