Tisco Financial's 2Q Profit Could Rise on Growing Loans, Lower Credit Costs -- Market Talk

Dow Jones06-18

0442 GMT - Tisco Financial Group's 2Q net profit is estimated to rise 2.0% on year, thanks to a growing loan portfolio and declining credit costs, says UOB Kay Hian's Thanawat Thangchadakorn in a note. Loans are likely to grow due to seasonally high loan demand, the analyst says. The Thai lender also set aside special provisions in 1Q to prepare for any drag from the Middle East conflict and higher oil prices, the analyst adds, and 2Q costs could therefore drop by 31 bps on quarter to 100 bps. UOB KH's projection of 95 bps in 2026 credit costs remains below the company's target range of 100-110 bps. The brokerage maintains a hold rating and 110.00 baht target price. Shares rise 1.3% to 117.00 baht. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

June 18, 2026 00:42 ET (04:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment