Monday August 10, 2020 15:47

Stcoks Press Release : 23 Mar 2020

SET ensures stability of the Thai capital market amid global high volatility Stcoks—23 Mar 20

Pakorn Peetathawatchai, President at The Stock Exchange of Thailand (SET) said SET group has prudently employed a series of measures to mitigate contagion risk caused by the widespread of COVID-19 pandemic, to ensure the orderly functioning and stability

Fitch Revises Outlook on Thailand's EXIM and KTB to Stable; Affirms IDRs Stcoks—23 Mar 20

Bangkok--23 Mar--Fitch Ratings
Fitch Ratings has revised the Outlook on the Long-Term
Foreign-Currency Issuer Default Ratings (IDR) of Export-Import Bank of Thailand
(EXIM) and Krung Thai Bank Public Company Limited (KTB) to Stable from
Positive. At the same time, Fitch has affirmed the Thai banks' Long-Term
Foreign-Currency IDRs, Support Ratings and Support Rating Floors. The
Short-Term IDR of KTB was also affirmed.
The rating action follows Fitch's revision of the
Outlook on Thailand's Long-Term Foreign-Currency IDR to Stable from Positive on
17 March 2020; see "Fitch Revises Outlook on Thailand to Stable; Affirms
at 'BBB+'", dated 17 March 2020.
Other ratings for EXIM and KTB are not affected; a
full list of rating actions is at the end of this commentary.
KEY RATING DRIVERS
The Support Ratings and Support Rating
Floors of EXIM and KTB are driven by Fitch's expectation of support from the
Thai sovereign (BBB+/Stable). The banks' Long-Term IDRs are driven by their
Support Rating Floors.
EXIM's Long-Term Foreign-Currency IDR is
at the same level as that of the sovereign. This is underpinned by its
important policy role, close linkage to the Thai government and its legal
status as a state policy bank set up under specific legislation. EXIM is wholly
owned by the Ministry of Finance and was set up to support the country's
import-expor

All banks have teamed in preparing to help customers withstand the COVID-19 Stcoks—23 Mar 20

The Thai Bankers’ Association and all of its members wish to assure their customers that assistance measures and financial supports are being made available. They have discussed the COVID-19 situation with the Bank of Thailand in order to ensure

Photo Release: WHAUP joined OPP DAY Stcoks—23 Mar 20

Mr. Niphon Bundechanan (right), Chief Executive Officer, and Mr. Natthapatt Tanboon-ek (left), Chief Financial Officer of WHA Utilities & Power Public Company Limited (WHAUP), jointly shared corporate information with analysts and investors at the

Fitch Affirms Siam City Cement at 'A(tha)'; Maintains Negative Outlook Stcoks—23 Mar 20

Revenue to fall by 4%-5% in 2020, comprising of -5% for the Thai operation (-20% over three-months and par for the remaining nine months) and 2%-5% for its regional operationsRevenue to fully recover with 7%-8% growth in 2021 and 4%-5% in 2022 following