报告名称：Siam Commercial Bank(SCB.TB)TP cut due to 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：SCB, with KTB and TISCO, have decided to reclassify SSI loans as NPLs, in light of SSI UK ceasing operations.
We cut FY15F NP by 6.4% on the back of 60bps increase in credit cost and weaker loan growth forecast of 3% (vs 5%).
Lowering TP from THB160 to THB150, pegged to 1.6x FY15F P/BV at 16.5% ROE.
下载地址：Siam Commercial Bank(SCB.TB)TP cut due to SSI-related loans
