July 21, 2026 09:10 AM GMT SCB X PCL | Asia Pacific M Update Profit beat from lower provisions AlphaSignals Earnings Reaction Unchanged In-line Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways 2Q26 details: Beat vs our estimate and consensus (+21% and +5%, respectively). NII was ahead of MSe (but below cons), driven by NIM expansion (+5bp sQoQ), whilst loans contracted 1.1% QoQ. High ...