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MarketScreener Homepage  >  Equities  >  STOCK EXCHANGE OF THAILAND  >  KASIKORNBANK PCL    KBANK   TH0016010009

KASIKORNBANK PCL

(KBANK)
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Indonesia's Go-Jek to announce tie-up with Thai lender

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07/10/2019 | 02:38am EDT
Gojek driver helmets are seen during Go-Food festival in Jakarta

BANGKOK (Reuters) - Indonesian ride-hailing app Go-Jek and Thailand's largest lender, Siam Commercial Bank Pcl, are set to announce a strategic partnership on Thursday, the companies said.

The announcement is likely to deepen its partnership with the SCB.

Go-Jek is said to have secured an investment from SCB, Bloomberg reported on Wednesday, citing people familiar with the matter.

In Thailand, Go-Jek operates under the name Get and offers GetPay, a wallet function that users can top up through Kasikornbank Pcl and SCB banks' apps.

Go-Jek began operations in Thailand with motorcycle rides and food delivery last year, putting pressure on rival ride-hailing firm, Singapore-based Grab.

Both ride-hailers have moved towards digital payments with partnerships with local banks in Thailand where the ride-sharing business is not fully regulated.

Grab last week rolled out a wallet function with Kasikornbank. The bank invested $50 million in Grab last year with a plan to use Grab data to offer loans products to drivers and merchants.

(Reporting by Chayut Setboonsarng; editing by Uttaresh.V)

Stocks mentioned in the article
ChangeLast1st jan.
KASIKORNBANK PCL End-of-day quote.
MOTORCYCLE HOLDINGS LTD -1.12% 1.76 End-of-day quote.-7.37%
SIAM COMMERCIAL BANK PCL End-of-day quote.
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Financials (THB)
Sales 2019 157 B
EBIT 2019 86 495 M
Net income 2019 39 791 M
Debt 2019 -
Yield 2019 2,89%
P/E ratio 2019 9,58x
P/E ratio 2020 8,67x
Capi. / Sales2019 2,43x
Capi. / Sales2020 2,29x
Capitalization 382 B
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 212,11  THB
Last Close Price 159,50  THB
Spread / Highest target 69,3%
Spread / Average Target 33,0%
Spread / Lowest Target 3,45%
EPS Revisions
Managers
NameTitle
Banthoon Lamsam Chairman & Chief Executive Officer
Predee Daochai Co-President & Executive Director
Kattiya Indaravijaya Co-President & Executive Director
Pipit Aneaknithi Co-President & Director
Chongrak Rattanapian Executive VP-Finance & Control Division
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