报告名称：TISCO Financial Group(TISCO.TB)Rating TP cut on SSI-related loans
报告类型：海外市场
报告日期：2015-09-22
研究机构：金英证券
页数：8
简介：TISCO, with SCB and KTB, has decided to reclassify SSI loans as NPL, in light of SSI UK ceasing operations.
We cut FY15 NP by 14.4% on the back of 30bps increase in credit cost and higher loan contraction from -3% to -5%.
D/G to HOLD as TP falls to 39.0, pegged to 1.1x 15F P/BV and 14.5% ROE.
下载地址：TISCO Financial Group(TISCO.TB)Rating TP cut on SSI-related loans
