Thanachart Capital Public Co Ltd
NVAK
ISIN TH0083010R14 / Valor 1251180
Thanachart Capital Public Co Ltd
UMushroom community rating:
About company
Thanachart Capital Public Co Ltd, established in 1980, has grown from its initial focus on finance and securities to become a prominent financial conglomerate in Thailand. As a holding company, it oversees the operations of the Thanachart Group, which encompasses a diverse portfolio of financial services. These services include hire purchase agreements, both non-life and life insurance, securities brokerage, asset-based financing, management of non-performing assets, and investment operations. Over the years, Thanachart Capital has expanded its reach and scope, positioning itself as a key player in the country's financial sector by offering a comprehensive range of financial products and services to its clients.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (23.05.2024):
Performance Overview
In the fourth quarter of 2023, Thanachart Capital Public Co Ltd reported a consolidated net profit of 1,513 million baht. This figure represents a decrease from the previous quarter, primarily due to lower gains on financial instruments and reduced net insurance/life insurance income. The earnings per share (EPS) also decreased to 1.37 baht from 1.73 baht in the previous quarter.
Annual Financial Results
For the full year of 2023, Thanachart Capital Public Co Ltd achieved a net profit of 7,207 million baht, marking a significant increase from the previous year. This improvement was largely driven by an increase in share of profits from investments accounted for under the equity method, alongside growth in net interest income due to higher loan volumes and rising market interest rates.
Net Interest Income
Thanachart Capital Public Co Ltd's net interest income for the fourth quarter of 2023 was 839 million baht, a slight decrease from the previous quarter. However, the annual net interest income for 2023 rose to 3,374 million baht, up by 12.32% from 2022, thanks to higher interest income from increased earning asset returns and expanded loan portfolios.
Non-interest Income
The non-interest income for Thanachart Capital Public Co Ltd in the fourth quarter of 2023 totaled 2,001 million baht, showing a decrease due to lower brokerage fees and reduced gains on financial instruments. Conversely, the total non-interest income for the year 2023 increased to 8,954 million baht, up by 12.43% from the previous year, supported by higher profits from investment shares.
Outlook and Future Projections
Looking ahead, Thanachart Capital Public Co Ltd anticipates continued growth in its core financial sectors, although it remains cautious about potential market volatility and economic uncertainties. The company plans to enhance its digital platforms and improve operational efficiencies to sustain its competitive edge and profitability in the upcoming periods.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1808 M
Market cap (USD)
20
Daily traded volume (Shares)
1.34 / 1.34
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
