Post by account_disabled on Jan 1, 2024 6:54:01 GMT
Thanachart Capital Public Company Limited or TCAP shows good form in the third quarter, with profits growing 30.17% compared to the previous quarter. Revealed that after the merger between Thanachart Bank and TMB is completed, the company still has strong growth potential. Because it is a major shareholder in the bank after the merger with more than 20% and also has investments in children's companies that continue to have good profits, Mr. Somjate Moosirilert, Managing Director of Thanachart Capital Public Company Limited. or TCAP revealed that in the third quarter of 2019, the company and its subsidiaries There was a net profit according to the consolidated financial statements of 4,616 million baht, of which 2,472 million baht was net profit attributable to the company, an increase of 573 million baht or 30.17% from the previous quarter.
For the 9-month period, net profit attributable to the company Country Email List amounting to 6,387 million baht, which is a result of the successful implementation of the strategy of Thanachart Bank, a subsidiary of TCAP, that is customer centric with a focus on being the main bank for customers, causing Thanachart Bank has continued good operating results, especially this quarter where the bank It was able to create a record net profit as well. Mr. Somjate said that after the company restructured its business by purchasing shares of subsidiaries and investments from Thanachart Bank. and sell all Thanachart Bank's ordinary shares held to TMB. Including buying additional common shares of TMB. In order to merge the business between Thanachart Bank and TMB, the company will have liquidity in cash remaining after completing the said transaction of not less than 10,000 million baht, which the company will use to buy back shares in an amount not exceeding 5,000 million baht and Pay special dividends at the rate of 4 baht per share to shareholders After Thanachart Bank, a subsidiary, merges with TMB, TCAP's business will still have strong potential.
Because the new bank after the merger has almost doubled in size than before. This makes it more competitive and creates better profits. This improved performance will be reflected significantly on TCAP because TCAP is one of the major shareholders. With a proportion of more than 20%, TCAP will also have good income from its subsidiaries, which have all shown good operating results for the 9-month period of this year, including Thanachart Securities Company, Thanachart Insurance Company, Ratchathani Leasing Company. TS Asset Management Company, Max Asset Management Company and NFS Asset Management Company, as well as TCAP also have investments in other listed companies such as MBK and PRG. " When looking at the overall picture, in the future, TCAP is considered Companies with high growth potential With many supporting factors, such as holding a large shareholding in the new bank resulting from the merger.
For the 9-month period, net profit attributable to the company Country Email List amounting to 6,387 million baht, which is a result of the successful implementation of the strategy of Thanachart Bank, a subsidiary of TCAP, that is customer centric with a focus on being the main bank for customers, causing Thanachart Bank has continued good operating results, especially this quarter where the bank It was able to create a record net profit as well. Mr. Somjate said that after the company restructured its business by purchasing shares of subsidiaries and investments from Thanachart Bank. and sell all Thanachart Bank's ordinary shares held to TMB. Including buying additional common shares of TMB. In order to merge the business between Thanachart Bank and TMB, the company will have liquidity in cash remaining after completing the said transaction of not less than 10,000 million baht, which the company will use to buy back shares in an amount not exceeding 5,000 million baht and Pay special dividends at the rate of 4 baht per share to shareholders After Thanachart Bank, a subsidiary, merges with TMB, TCAP's business will still have strong potential.
Because the new bank after the merger has almost doubled in size than before. This makes it more competitive and creates better profits. This improved performance will be reflected significantly on TCAP because TCAP is one of the major shareholders. With a proportion of more than 20%, TCAP will also have good income from its subsidiaries, which have all shown good operating results for the 9-month period of this year, including Thanachart Securities Company, Thanachart Insurance Company, Ratchathani Leasing Company. TS Asset Management Company, Max Asset Management Company and NFS Asset Management Company, as well as TCAP also have investments in other listed companies such as MBK and PRG. " When looking at the overall picture, in the future, TCAP is considered Companies with high growth potential With many supporting factors, such as holding a large shareholding in the new bank resulting from the merger.