SCBX Partners with KakaoBank for Digital Bank Launch in Thailand

SCB X Public Company Limited (SCBX) SCBX is Thailand’s leading financial group, operating commercial banking, consumer & digital finance (CardX, AutoX, MONIX), securities, and technology platforms. It serves corporate, SME and retail customers through a mix of traditional banking and digital lending/investment services. YTD Performance 2026 ▲ +8.63% Start (30 Dec 2025): 139.00 THB → 22 Jul 2026: 151.00 THB SCBX: Digital Banking Expansion: SCBX and South Korea’s KakaoBanksigned a joint venture agreement to establish a virtual bank in Thailand. KakaoBank will initially acquire a 10% stake, with plans to increase its holding to 24.5% following regulatory approvals, strengthening SCBX’s digital banking ecosystem and long-term growth strategy. Comment: Let’s see how far this can go. One thought process is that this will lead to more loan growth as the incentives/kpi’s will be to show great #’s in the first few years regardless of NPLs. Another thought process is that they’ll have to offer higher rates as seen w/ KTB’s digital bank, and this will suck liquidity out of the system. Another is that this is a sandbox test to see how many people can be fired to run a commercial bank. WHA Utilities and Power Public Company Limited (WHAUP) WHAUP produces and distributes industrial water, provides wastewater treatment services, and invests in power generation (solar and other sources) primarily serving industrial estates in Thailand. It is a key subsidiary of WHA Industrial Development. ▲ +88.10% Start (30 Dec 2025): 4.20 THB → 22 Jul 2026: 7.90 THB WHAUP: Supporting AI & Data Centre Growth: WHAUP plans to invest THB29bn to expand its clean energy business and urged faster implementation of the Direct PPA framework. Management highlighted that access to renewable energy will become increasingly important in attracting global data centre investments, as technology companies require reliable and sustainable power solutions. Comment: That’s a hefty figure, a lot will have to be sold into the REIT Comparison Snapshot – 22 July 2026 Data as of 22 July 2026 close. USD conversion uses FX rate 33.80. YTD calculated from 30 Dec 2025 closing prices. If this has helped you, please consider donating and buy me a Somtum Waffle The post Stocks in the news (scb, whaup) 23.07.26 first appeared on ThaiCapitalist.