Thanachart Capital (TCAP) – 3QFY17 profit seen up 12.6% y-y and 1.0% q-q September 18, 2017 205

3QFY17 profit seen at Bt1.7bn, up 12.6% y-y and 1.0% q-q: We forecast TCAP to report a 3QFY17 profit of Bt1.7bn, up 12.6% y-y and 1% q-q on the back of sequential loan growth which would push up interest income and fee income in terms of loan-related fees as well as insurance income, and lower cost of funds following redemption of high-cost debentures in the previous month.

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