SET SPOTLIGHT:
BANPU losses surpass market fall to 1-wk low as pressure of profit-taking on energy sector persists
Coal miner, Banpu, saw its price fall by more than 4% this morning to 398 baht a share just when the Thai stock market slipped 0.5%.
Tuesday morning loss led BANPU price to its lowest level in one week.
Analysts commented that a continued fall in the world oil price due to weakening demand of oil and easing threat of Tropical Storm “Edouard” in Texas.
This evening, Banpu price fell further and closed the day at 378 baht apiece.
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TMB hopes to increase lending business market share by almost 100% within 2011
Thailand’s 6th largest bank, TMB has targeted to increase its market share in the lending business from the current 9% to 15 – 20% within the next 3 years.
The bank is aiming to attract more SME borrowers who it believes still lack access to new financial sources.
TMB also predicts that its lending business would be growing at the rate of 1.5% to 2% next year.
It already projected to enjoy a net profit in 2008 after having suffered serious losses last year.
At the closing bell, TMB price finished unchanged at 1.11 baht a share.
SET DATEBOOK:
5 Aug 2008: US FOMC Meeting on Interest Rate Policy
7 Aug 2008: ECB Meeting on Interest Rate Policy