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• 2024-06-26 12:48:05

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However, worries over the current economy still reflected in other indexes such as crude oil prices and gold. Last night, WTI crude futures plunged 7.7% or $1.89 to $22.60/bbl. Meanwhile, Brent crude futures dipped $1.01 or 3.69% to $26.43/bbl. Oil prices continued to plummet as demand slumps amid the virus outbreak. Gold Comex rose $17.80/ounce to 1,651.20.

Asset-quality issues may persistWith SMEs still struggling, and the property market sluggish, Maybank believes asset-quality issues could persist, with NPLs rising. Banks are likely to become more cautious and boost LLR/NPLs levels, which will further hit earnings, in contrast to the current consensus, which implies that asset quality should improve in 2019.

JKN stated that due to the company has a plan to do business with Mrs. Wichuda Na-songkhla Sriyaphai through the investment in JKN IMC Co., Ltd. (JKN IMC), a subsidiary of the company. In this regard, Mrs. Wichuda Na-songkhla Sriyaphai will receive 1 JKN IMC’s share from Miss Pimauma Jakrajutatip in order to become a JKN IMC shareholder within December 2020.