Siam Commercial Bank (SCB) reported a 9.4 percent fall in quarterly net profit, much lower than expected, hurt by loss on assets value related to Lehman Brothers. The Thailand’s oldest bank’s net profit was 4.8 billion baht, down from 5.32 billion baht a year earlier and 5.82 billion baht in the previous quarter.

Krungthai Bank (KTB)’s quarterly profit was four times higher than a year earlier, helped by much lower provision expenses. The state-run lender said on Monday its net profits was 3.67 million baht, or 0.33 baht per share above 825 million baht profit a year earlier. However, the bank out look is still gloomy, hurt by [...]

Bangkok Bank (BBL) posted a smaller-than-expected 16 percent fall in the third quarter net profit on Monday, beating analysts’ forecasts, hurt by losses on an investment in Lehman Brothers bonds. BBL reported a quarterly net profit of 4.32 billion baht, or 2.26 baht per share, against 5.15 baht per share a year earlier.

Siam Cement Plc (SCC)’s earnings are expected to fall in the third quarter in absence of extra gain from assets sales and weak economy. The company core petrochemical business remains weak due to deteriorating in demand, analysts said.

Siam City Bank (SCIB) reported third-quarter net profits of 1.32 billion baht, or 0.62 baht per share, beating analysts’ forecasts, up from net loss of 3.97 billion baht or minus 1.88 baht per share in the same period a year earlier. The bank’s net profit for nine months was 3.47 billion bah or 1.64 baht [...]

Myanmar has reached contract with Thai and Singaporean companies to provide up to 600 megawatts a year of electricity from a hydro-power project in southern province to the energy-hungry neighbors, a state media reported.

Tisco Bank reported a 9 per cent fall in the third-quarter profit of 397 million baht ($11.87 million), down from 440.22 million baht a year earlier, or 0.49 baht per share from 0.54 baht per share of the same period last year due to slower loan growth.
The bank said, however, its 9-month profit of 2008 [...]