Kasikornbank's 4Q13F earnings feared to drop significantly

Are KT expenses to be blamed?

According to Maybank Kim Eng, the 1H13 earnings make 51% of yearly projection of THB41b (+16% YoY), so they are maintaining current projection.

They expect the 3Q13F earnings to continue expanding, but then drop significantly in 4Q13F due to seasonality and KT expenses.

Here's more from Maybank Kim Eng:

Next year, we forecast another 15% net profit growth. The slowing economic growth should not impact KBANK earnings performance significantly.

The bank has kept all financial targets unchanged. However, we still have to watch asset quality issues closely, which have shown some danger signs