TMB Plunged 4% after a Disappointed Loan Growth of -1.14% in July
TMB's shares slid 4% since the market open in August 20, 2018. This maybe due to the announcement of July's loan growth at -1.14%, while SCB and KKP were all positive.
TMB’s shares went down 4% in the morning of August 20, 2018. The sudden decrease maybe due to a negative sentiment of loan growth in July, which is -1.14%, compared to +0.5% SCB and +0.6% KKP in the same month, while the remaining banks still have not announced their July number.
The year to date loan growth of the three banks is:
TMB’s loan growth +0.5% VS +5% forecast. It is likely that the number will have to be revised down.
SCB’s loan growth at +3.6%
KKP’s loan growth at 10.9% VS fiscal year targeted at 8-10%
