View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports
Adrian Loh Tzum Yung ... (+22)
  • Adrian Loh Tzum Yung
  • Andrew Agita Buntoro
  • Bella Lu Yifei
  • Benjaphol Suthwanish
  • Carol Dou Xiao Qin
  • Damon Shen
  • Desmond Chong Chee Wai
  • Gigi Cheuk
  • Jieqi Liu
  • Jo Yee Ng
  • Jonathan Koh
  • Joyce Chu
  • Kate Luang
  • Ken Lee
  • Malaysia Research Team
  • Sunny Chen
  • Suryaputra Wijaksana
  • Tanapon Cholkadidamrongkul
  • Tanaporn Visaruthaphong
  • Thanawat Thangchadakorn
  • Vincent Khoo Boo Aik
  • Willinoy Sitorus

Regional Morning Meeting Notes: Friday, October 24, 2025

Greater China Sector Update | Automobile The escalating China-US trade tensions have triggered a dual crisis in chips and rare earth, potentially disrupting the global auto supply chain like that seen in 2021-22. China's auto sector sees short-term gains from domestic prioritisation but long-term risks. Chinese auto part companies may see a revenue loss in 4Q25 if the issue is not resolved in a month. Maintain MARKET WEIGHT. Top BUYs: CATL and Geely. Top SELLs: BYD and Li Auto. Sector Upda...

BJC BERLI JUCKER PUBLIC CO. LTD.
300014 EVE ENERGY CO. LTD. CLASS A
GRU GEELY AUTOMOBILE HOLDINGS LIMITED
KKP KIATNAKIN BANK
00683 KERRY PROPERTIES LIMITED
00016 SUN HUNG KAI PROPERTIES LIMITED
FCT FRASERS CENTREPOINT TRUST
00823 LINK REAL ESTATE INVESTMENT TRUST
BBL BANGKOK BANK PUBLIC COMPANY LIMITED
KTB KRUNG THAI BANK PUBLIC CO. LTD.
TOP THAI OIL PUBLIC CO. LTD.
U96 SEMBCORP INDUSTRIES LTD.
TISCO TISCO FINANCIAL GROUP
GFPT GFPT
00014 HYSAN DEVELOPMENT CO. LTD.
TMB TMB BANK PUBLIC COMPANY LIMITED
KBANK KASIKORNBANK PUBLIC CO. LTD.
EGH EUREKA GROUP HOLDINGS
M3I MINTH GROUP LIMITED
002340 GEM CO. LTD. CLASS A
5Z0 ZHONGSHENG GROUP HOLDINGS LTD.
01316 NEXTEER AUTOMOTIVE GROUP LIMITED
TLKM PT TELKOM INDONESIA (PERSERO) TBK CLASS B
002709 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD CLASS A
601689 NINGBO TUOPU GROUP CO. LTD. CLASS A
01585 YADEA GROUP HOLDINGS LTD.
2333 GREAT WALL MOTOR CO. LTD. CLASS H
1211 BYD COMPANY LIMITED CLASS H
2338 WEICHAI POWER CO. LTD. CLASS H
01997 WHARF REAL ESTATE INVESTMENT CO. LTD.
02238 GUANGZHOU AUTOMOBILE GROUP CO. LTD. CLASS H
T TELEKOM MALAYSIA BHD
ECW ECO WORLD DEVELOPMENT GROUP
1833 PING AN HEALTHCARE AND TECHNOLOGY COMPANY LIMITED
1772 GANFENG LITHIUM CO. LTD. CLASS H
300750 CONTEMPORARY AMPEREX TECHNOLOGY CO. LTD. CLASS A
3606 FUYAO GLASS INDUSTRY GROUP CO LTD-H
603305 NINGBO XUSHENG AUTO TECHNOLOGY (A)
00017 NEW WORLD DEVELOPMENT CO. LTD.
002920 HUIZHOU DESAY SV AUTOMOTIVE CO LTD
SCB SCB X PUBLIC COMPANY LIMITED
2232 CRYSTAL INTERNATIONAL GROUP LTD
Z29 029 GROUP SE
02015 LI AUTO INC
300244 DIAN DIAGNOSTICS GROUP CO
600699 JOYSON ELECTRONICS CORP
Thanawat Thangchadakorn
  • Thanawat Thangchadakorn

TISCO Financial Group (TISCO TB) - 3Q25: Results In Line With Consensu...

Company Results | TISCO Financial Group (TISCO TB/HOLD/Bt103.00/Target: Bt102.00) TISCO reported a net profit of Bt1.73b in 3Q25, up 5% yoy and 1% qoq. The results beat our expectations by 11% but are in line with consensus forecasts. Management guided for a limited increase in provision expenses. The bank has set aside a buffer to cover the mark-to-market losses on the equity’s price during the remaining period before liquidation. Maintain HOLD with a higher target price of Bt102.00.

Benjaphol Suthwanish ... (+3)
  • Benjaphol Suthwanish
  • Kitpon Praipaisarnkit
  • Thanawat Thangchadakorn

Thailand Daily - Wednesday, October 15, 2025

Top Stories Sector Update | Electronics We expect the combined 3Q25 core profit of Thai electronic stocks under our coverage to decline 13% yoy, pressured by lower gross margins from baht appreciation, but to increase 18% qoq, supported by higher revenue and margin improvement. We upgrade the sector to MARKET WEIGHT with KCE as our top pick, as geopolitical uncertainty has eased; however, we expect the recovery to be gradual, as the sector will likely remain under pressure from the strong bah...

Adrian Loh Tzum Yung ... (+13)
  • Adrian Loh Tzum Yung
  • Audrey Celia
  • Benjaphol Suthwanish
  • Chong Lee Len
  • Damon Shen
  • Jieqi Liu
  • Julia Pan Mengyao
  • Kitpon Praipaisarnkit
  • Kong Ho Meng
  • Lester Siew
  • Ming San Soong
  • Thanawat Thangchadakorn
  • Willinoy Sitorus

Regional Morning Meeting Notes: Wednesday, October 15, 2025

Greater China Sector Update | Property Jinling Residence’s strong sell-out highlights resilient end-user demand despite weaker investment sentiment, while major cities’ October data showed yoy declines in both new and secondary home sales. We maintain MARKET WEIGHT. We upgrade Kerry Properties to BUY after the recent correction, with an unchanged target price of HK$22.80. Company Update | Alibaba Group (9988 HK/BUY/HK$155.20/Target: HK$203.00) We expect solid 2QFY26 results, despite marg...

Damon Shen ... (+9)
  • Damon Shen
  • Desmond Chong Chee Wai
  • Jack Goh Tooan Orng
  • Jack Lai Yuan Khai
  • Jieqi Liu
  • Jonathan Koh
  • Malaysia Research Team
  • Thanawat Thangchadakorn
  • Willinoy Sitorus

Regional Morning Meeting Notes: Tuesday, September 23, 2025

Greater China Sector Update | Property Property investment has declined since Jul 25 due to weak demand, LGFV financing controls, slow destocking and urban-redevelopment, and limited new loans. Sep 25 data showed a rebound in Tier 1 city home sales, led by Shanghai. Central government capital is needed. However, the existing policy stance points to a low possibility of direct injection by the central government. Maintain MARKET WEIGHT, with CR Land as our top pick. Indonesia Strategy | T...

Thanawat Thangchadakorn
  • Thanawat Thangchadakorn

TISCO Financial Group (TISCO TB) - 2Q25: Results In Line With Consensu...

TISCO posted a net profit of Bt1.64b for 2Q25 (-6% yoy, flat qoq). The results beat our expectation by 8% but are in line with consensus forecasts. Management guides an NIM improvement in 2H25. The impact from the "You Fight We Help" measure should be mostly reflected in 2Q25's interest income. Maintain HOLD. Target price: Bt96.00

Benjaphol Suthwanish ... (+2)
  • Benjaphol Suthwanish
  • Thanawat Thangchadakorn

Thailand Daily - Wednesday, July 16 , 2025

KEY HIGHLIGHTS Results TISCO Financial Group (TISCO TB/HOLD/Bt99.00/Target: Bt96.00) 2Q25: Results in line with consensus; impact from "You Fight We Help" measure should be mostly reflected. Update Bangkok Dusit Medical Services (BDMS TB/BUY/Bt20.60/Target: Bt32.00) Expect mild 2Q25 earnings growth. SCGP (SCGP TB/BUY/Bt17.30/Target: Bt21.00) 2Q25 net profit expected to recover qoq, with 2H25 net profit likely to surpass 1H25.

Benjaphol Suthwanish ... (+15)
  • Benjaphol Suthwanish
  • Carol Dou Xiao Qin
  • Claire Wang Kelai
  • Damon Shen
  • Desmond Chong Chee Wai
  • Ejann Hiew
  • Jieqi Liu
  • John Cheong Ming Chern
  • Posmarito Pakpahan
  • Shirley Wang Xueyi
  • Stella Guo Yuting
  • Sunny Chen
  • Tham Mun Hon
  • Thanawat Thangchadakorn
  • Wei Xiang Ku

Regional Morning Meeting Notes: Wednesday, July 16, 2025

GREATER CHINA Economics Economic Activity Resilient 1H25 growth of 5.3% yoy belies rising downside pressure. Sector Healthcare Weekly: Gaining strength on robust earnings outlook and pipeline growth. Maintain OVERWEIGHT. Property Property sales and prices weakened further in J...

Carol Dou Xiao Qin ... (+12)
  • Carol Dou Xiao Qin
  • Gigi Cheuk
  • Heidi Mo Jinghui
  • Jack Lai Yuan Khai
  • John Cheong Ming Chern
  • Julia Pan Mengyao
  • Kate Luang
  • Lester Siew
  • Ming San Soong
  • Sunny Chen
  • Thanawat Thangchadakorn
  • Willinoy Sitorus

Regional Morning Meeting Notes: Thursday, June 19, 2025

GREATER CHINA Sector Healthcare Entering a new phase of accelerated growth. Upgrade to OVERWEIGHT. Internet 618 Festival – Evolving consumer trends and continued focus on value for money. Small/Mid Cap Highlights JBM Healthcare (2161 HK/BUY/HK$2.85/Target: HK$3.31) Takeaways from luncheon. INDONESIA Update Kalbe Farma (KL...

Thanawat Thangchadakorn
  • Thanawat Thangchadakorn

TISCO Financial Group (TISCO TB) - 2Q25 Results Preview: Expect Credi...

We expect TISCO to post a net profit of Bt1,527m for 2Q25 (-13% yoy, -7% qoq). According to management guidance, we expect to see a jump in credit cost by 35bp qoq to 101bp in 2Q25. We believe that the new regulations will not have any significant impact on TISCO's hire-purchase and leasing businesses as it is currently regulated by BOT. Maintain HOLD. Target price: Bt94.00.

Thanawat Thangchadakorn
  • Thanawat Thangchadakorn

Thailand Daily - Monday, June 16, 2025

KEY HIGHLIGHTS Update TISCO Financial Group (TISCO TB/HOLD/Bt98.00/Target: Bt94.00) 2Q25 results preview: Expect credit costs to surge qoq.

Chong Lee Len ... (+8)
  • Chong Lee Len
  • Claire Wang Kelai
  • Heidi Mo Jinghui
  • Kenny Yong Hui Lim
  • Llelleythan Tan Tan
  • Posmarito Pakpahan
  • Tham Mun Hon
  • Thanawat Thangchadakorn

Regional Morning Meeting Notes: Monday, June 16, 2025

GREATER CHINA Economics Money Supply: Credit demand stays weak. Update Hong Kong Exchanges and Clearing (388 HK/BUY/HK$413.60/Target: HK$470.00): More listings, enhanced liquidity and high turnover to drive further upside. Reiterate BUY. INDONESIA Update Bank Central Asia (BBCA IJ/BUY/Rp9,025/Target: Rp10,500): Steady growth with a focus on efficiency and risk discipline. MALAYSIA Update TIME dotCom (TDC MK/BUY/RM5.22/Target: RM6.00): TIME to deliver sustainable growth over peers on the back o...

Adrian Loh Tzum Yung ... (+14)
  • Adrian Loh Tzum Yung
  • Bella Lu Yifei
  • Benjaphol Suthwanish
  • Carol Dou Xiao Qin
  • Jack Goh Tooan Orng
  • Jonathan Koh
  • Julia Pan Mengyao
  • Kampon Akaravarinchai
  • Ken Lee
  • Ming San Soong
  • Paula Ruth
  • Posmarito Pakpahan
  • Sunny Chen
  • Thanawat Thangchadakorn

Regional Morning Meeting Notes: Friday, April 25, 2025

GREATER CHINA Results Aier Eye Hospital Group (300015 CH/BUY/Rmb12.72/Target: Rmb17.80) 2024: Satisfactory results; expects strong recovery in 2025. Upgrade to BUY. Ningbo Tuopu Group Co (601689 CH/BUY/Rmb50.96/Target: Rmb83.00) 4Q24: Earnings up 38.5% yoy, in line. Maintain BUY with target price unchanged at Rmb83.00. TAL Educational Group (TAL US/BUY/US$9.36/Target: US$14.00) 4QFY25: Earnings miss amid ramped-up investments in AI-powered learning. INDONESIA Sector Telecommun...

Thanawat Thangchadakorn
  • Thanawat Thangchadakorn

TISCO Financial Group (TISCO TB) - 1Q25: Results In Line; Revises Down...

TISCO posted a net profit of Bt1,643m for 1Q25 (-5% yoy, -4% qoq). The results are in line with our and consensus estimates. Management reiterated a strict and cautious lending policy due to many future uncertainties and the worsening economic outlook. Positively, TISCO revised down its 2025 credit cost target to around 100bp, compared with the previous guidance of 100-120bp. The expected policy rate cuts will be the catalyst for the bank. Maintain HOLD. Target price: Bt94.00.

Benjaphol Suthwanish ... (+2)
  • Benjaphol Suthwanish
  • Thanawat Thangchadakorn

Thailand Daily - Friday, April 18, 2025

KEY HIGHLIGHTS Results Bangkok Bank (BBL TB/HOLD/Bt146.50/Target: Bt154.00) 1Q25: Results beat expectations; investment gain boosted the bottom line. TISCO Financial Group (TISCO TB/HOLD/Bt100.00/Target: Bt94.00) 1Q25: Results in line; revises down 2025 credit cost target to 100bp. Update Bumrungrad Hospital (BH TB/BUY/Bt168.00/Target: Bt232.00) Expect weak 1Q25 earnings due to margin pressure.

Adrian Loh Tzum Yung ... (+15)
  • Adrian Loh Tzum Yung
  • Carol Dou Xiao Qin
  • Claire Wang Kelai
  • Gigi Cheuk
  • Julia Pan Mengyao
  • Kate Luang
  • Keith Wee Teck Keong
  • Kenny Yong Hui Lim
  • Lester Siew
  • Ming San Soong
  • Paula Ruth
  • Roy Chen Chengzhi
  • Sunny Chen
  • Thanawat Thangchadakorn
  • Ziv Ang Sze Champ

Regional Morning Meeting Notes: Tuesday, March 25, 2025

GREATER CHINA Sector Internet Monetisation potential and trends of AI agent from the launch of Manus AI. Results CMOC (3993 HK/BUY/HK$6.72/Target: HK$8.70) 2024: Above expectations; copper output up 55% yoy to 650,161 tonnes. COSCO SHIPPING Holdings (1919 HK/BUY/HK$12.58/Target: HK$11.62) 2024: Results in line; more volatile business environment in 2025 but limited valuation ...

Thanawat Thangchadakorn
  • Thanawat Thangchadakorn

TISCO Financial Group (TISCO TB) - 1Q25 Results Preview: Expect Credit...

We expect TISCO to post a net profit of Bt1,571m in 1Q25 (-9% yoy, -8% qoq) while its loan portfolio is anticipated to be flat qoq. Credit costs should rise qoq, in line with the company’s guidance. A guarantee for pickup truck loans will incur minimal benefits as TISCO will prioritise good asset quality by continuing to lend to good-profile clients. We expect some dilution effect from the dividend payment (XD date: 25 Apr 25). Maintain HOLD with an unchanged target price of Bt94.00.

Thanawat Thangchadakorn
  • Thanawat Thangchadakorn

Thailand Daily - Tuesday, March 25, 2025

KEY HIGHLIGHTS Update TISCO Financial Group (TISCO TB/HOLD/Bt101.00/Target: Bt94.00) 1Q25 results preview: Expect credit costs to increase qoq, in line with guidance.

Anas Fitri Bin Ahmad ... (+7)
  • Anas Fitri Bin Ahmad
  • Benyamin Mikael
  • Guan An Tan
  • Jack Lai Yuan Khai
  • Jonathan Koh
  • Roy Chen Chengzhi
  • Thanawat Thangchadakorn

Regional Morning Meeting Notes: Thursday, March 13, 2025

GREATER CHINA Results Cathay Pacific Airways (293 HK/HOLD/HK$10.90/Target: HK$11.20) 2024: Results slightly miss our forecast but a solid beat of consensus estimates. Yields to moderate further in 2025. Maintain HOLD. INDONESIA Small/Mid Cap Highlights Rukun Raharja (RAJA IJ/NOT RATED/Rp2,260) Leveraging stability in oil & gas business. MALAYSIA Results Bermaz Auto (BAUTO MK/HOLD/RM1.04/Target: RM1.00) 9MFY25: Results below e...

Tisco Financial Group Plc: 1 director

A director at Tisco Financial Group Plc bought 25,000 shares at 99.000THB and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...

Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch