Two major companies competing: Vayupak Fund 1 vs. Social Security, holding the most bank stocks with a total value of 140 billion.

For bank stocks The investment has a value of 113,632 million baht.

Bangkok Bank Public Company Limited BBL holds the 23rd largest share in the name of Vayupak Mutual Fund 1, 10,000,000 shares or 0.52%, valued at 1,360 million baht (closing price as of 26 April 2024 at 136.00 baht).

Kasikorn Bank Public Company Limited KBANK holds the 24th largest share in the name of Vayupak Mutual Fund 1, 12,600,000 shares or 0.53%, valued at 1,625.40 million baht (closing price as of 26 April 2024 at 129.00 baht).

Krung Thai Bank Public Company Limited KTB total value 9,027.11 million baht

• On behalf of Vayupak Nueng Mutual Fund by MFC Asset Management Public Company Limited, holding the fifth largest share of 273,548,658 shares or 1.96%, valued at 4,513.55 million baht (closing price as of 26 April 2024 at 16.50 baht).
• On behalf of Vayupak Nueng Mutual Fund by Krungthai Asset Management Public Company Limited, holding the 6th largest share of 273,548,657 shares or 1.96%, valued at 4,513.55 million baht.

SCB

• In the name of Vayupak Nueng Mutual Fund Holds the second largest share of 549,600,000 shares or 16.32%, valued at 58,532.40 million baht (closing price as of 26 April 2024 at 106.50 baht)
• On behalf of Vayupak Nueng Mutual Fund by MFC Asset Management Public Company Limited, holding the 6th largest share of 117,849,100 shares or 3.50%, valued at 12,550.93 million baht.
• On behalf of Vayupak Nueng Mutual Fund by Krungthai Asset Management Public Company Limited, holding the seventh largest share of 117,849,100 shares or 3.50%, valued at 12,550.93 million baht.

Thanachart Thai Military Bank Public Company Limited TTB, total value 17,985.24 million baht

• In the name of Vayupak Nueng Mutual Fund Holds the 4th largest shareholder, 6,673,600,000 shares or 6.86%, valued at 11,945.74 million baht (closing price as of 26 April 2024 at 1.79 baht)
• On behalf of Vayupak Nueng Mutual Fund by Krungthai Asset Management Public Company Limited, holding the 6th largest share of 1,687,009,408 shares or 1.73%, valued at 3,019.75 million baht.
• On behalf of Vayupak Nueng Mutual Fund, MFC Asset Management Public Company Limited holds the seventh largest share of 1,687,009,408 shares or 1.73%, valued at 3,019.75 million baht.

In terms of social security, there are investments in 4 bank stocks and investments in stocks. Nearly 100 real estate mutual funds

For bank stocks covered by social security Invested in has a value of 26,180.66 million baht.

Bangkok Bank Public Company Limited BBL holds the 3rd largest shareholding with 59,377,000 shares or 3.11%, valued at 8,075.27 million baht (closing price as of 26 April 2024 at 136.00 baht).

Kasikorn Bank Public Company Limited KBANK holds the fifth largest shareholding of 67,159,400 shares or 2.83%, valued at 8,663.56 million baht (closing price as of 26 April 2024 at 129.00 baht).

SCB

TISCO Financial Group Public Company Limited TISCO holds the 10th largest shareholding, 8,322,830 shares or 1.04%, valued at 803.15 million baht (closing price as of 26 April 2024 at 96.50 baht).

Weerawat Wirojpokha, Senior Director The securities analysis department of Finansia Syrus Securities revealed to “Krungthep Turakij” that the fundamentals of bank stocks are currently quite strong in terms of 1Q24 profits that come out. If it is not as expected, the work will be better than expected.

“Positive results from rising interest rates over the past year. that were sent began to weaken, it was noticed that the bank’s NIM began to decrease. reflect that Profit growth in the past year leaps and bounds This year, overall profits may not grow much. But it still has strength.”

However, if investors are going to invest in bank stocks, the valuation is considered quite cheap. In the medium to long term, it is still considered possible to invest by viewing TTB stocks as top pick stocks. There are still tax credits that can be used, and they are still low and will make the profit most certain. Followed by KTB stocks, where government investment in the next period will revive. And the risk of ITD is considered to be the only bank that has already set up 100% of its reserves. As for SCB, it will be in terms of dividends that can be paid at a relatively high level continuously.

Natthaphon Khamthakruea, Director of Investment Analysis Department, Yuanta Securities (Thailand), provided additional information. Bank groups are considered to be playing along with the economic cycle. Because it is a group of stocks that are financially stable. Have cash flow and has high dividends

Overall, the bank group is considered Looking better than the economy that is expanding, it can be seen that the 1st quarter of 2024 has turned out quite well. After the reserve has decreased, it means that the provision for high-risk debtors has ended. It is expected that from now on, if the loan portfolio can expand, it will help improve the operating results.

Meanwhile, the NIM interest rate differential remains at a high level because the BoT has not yet signaled an interest rate cut.

“We think the economy will expand next year. During this time It should be a good time to invest, but in the short term, the bank group may not go very far because the operating results have already been announced. and has already paid dividends If going to speculate It should be during Earning Season or earnings announcement season. Because bank stocks have a stable movement. There is no excitement during this time.”