Post by account_disabled on Dec 27, 2023 9:55:42 GMT
Miss Thidasiri Srisamit, CFA, Chief Investment Officer (Deputy Managing Director Investment Management Division, Kasikorn Asset Management Co., Ltd. (Kasikorn Asset Management Co., Ltd.) revealed that as a result of the Bank of Thailand requesting cooperation from commercial banks to refrain from paying interim dividends and refrain from repurchasing shares of commercial banks. Kasikorn Asset Management views that such factors may put pressure on the stock market in the short term. Especially stocks in the commercial banks and financial institutions group. However, in the long run, such measures will be more beneficial to commercial banks. This is because it will help Thai commercial banks have the ability to cope with uncertainties and economic shocks that may occur in the next period. On the other hand, if the economic recovery continues well and there is no second wave of COVID-19 outbreak, this measure will increase commercial banks' ability to lend. “The BoT's measures have come out to ask commercial banks to refrain from paying interim dividends.
Normally, the interim dividend payment rate is not much, approximately 20-30% of the total annual dividend payment, and some banks do not have a policy to pay interim dividends. As a result, the downward adjustment of the Telegram Number Data dividend payout rate forecast (Dividend Yield) may not be as much as expected. And at present Thai commercial banks still have relatively high capital levels. In addition, if various situations It has been resolved in a good way and the economy has continued to recover. In addition, commercial banks have successfully prepared capital management plans for the next 1-3 years. Commercial banks should be able to return to paying annual dividends next year. In addition, the current valuation level of commercial banking stocks is still relatively low. And it is a level that is starting to become interesting for long-term investment,” Ms. Thidasiri said. Miss Thidasiri went on to say that Advice for investors who can tolerate short-term fluctuations.
You can continue to hold investments for the opportunity to receive long-term returns. He sees that the overall stock market, especially stocks in the banking and financial institution group, is likely to be negatively affected in the short term. For those who cannot accept the fluctuations It is recommended to wait and see the situation further. However, one must keep an eye on the development of the economic recovery and the second round of the COVID-19 outbreak. However, Kasikorn Asset Management still expects the SET Index target this year to be at the level of 1350 points and there is an opportunity to adjust. Reaching the level of 1400 points if the situation of the outbreak of the COVID-19 virus resolved in a better way And as a result, the economy will begin to recover in the second half of the year and continue into next year. Even though the stock price level is quite high compared to the historical average. But with low interest rates and the injection of central bank money into the global system. As a result, liquidity is at a high level. This makes the Thai stock market still attractive in the long run. Investors, please understand the product characteristics. Return conditions, risks, and study tax information in the investment manual before deciding to invest.
Normally, the interim dividend payment rate is not much, approximately 20-30% of the total annual dividend payment, and some banks do not have a policy to pay interim dividends. As a result, the downward adjustment of the Telegram Number Data dividend payout rate forecast (Dividend Yield) may not be as much as expected. And at present Thai commercial banks still have relatively high capital levels. In addition, if various situations It has been resolved in a good way and the economy has continued to recover. In addition, commercial banks have successfully prepared capital management plans for the next 1-3 years. Commercial banks should be able to return to paying annual dividends next year. In addition, the current valuation level of commercial banking stocks is still relatively low. And it is a level that is starting to become interesting for long-term investment,” Ms. Thidasiri said. Miss Thidasiri went on to say that Advice for investors who can tolerate short-term fluctuations.
You can continue to hold investments for the opportunity to receive long-term returns. He sees that the overall stock market, especially stocks in the banking and financial institution group, is likely to be negatively affected in the short term. For those who cannot accept the fluctuations It is recommended to wait and see the situation further. However, one must keep an eye on the development of the economic recovery and the second round of the COVID-19 outbreak. However, Kasikorn Asset Management still expects the SET Index target this year to be at the level of 1350 points and there is an opportunity to adjust. Reaching the level of 1400 points if the situation of the outbreak of the COVID-19 virus resolved in a better way And as a result, the economy will begin to recover in the second half of the year and continue into next year. Even though the stock price level is quite high compared to the historical average. But with low interest rates and the injection of central bank money into the global system. As a result, liquidity is at a high level. This makes the Thai stock market still attractive in the long run. Investors, please understand the product characteristics. Return conditions, risks, and study tax information in the investment manual before deciding to invest.