BBL: Expect Pre-Provision Profit to Bottom Out in 3Q21
We expect its 3Q21 net profit at Bt6.44 bn (+60%YoY, +1.3%QoQ), driven by a drop in provision. Meanwhile, pre-provision profit will drop 22%QoQ...
189 Views
BBL: Cheap Valuation with Secured Portfolio Will Limit Downside
Neutral tone from yesterday analysts’ meeting. We reiterate our BUY rating with a target price at Bt155, derived from 0.65x PBV’21E,which is close...
159 Views
BBL: 2Q21 Result Was in Line with Our Expectation
BBL’s net profit in 2Q21 was Bt6.36 bn (+105%YoY, -8%QoQ), 5% better than our forecast with stable NPL at 3.7%. We reiterate our BUY rating with a...
165 Views
BBL: Large Corporate Bank with Conservative Strategy
We initiate coverage of BBL with a BUY rating, based on a target price of Bt155.0, derived from 0.65x PBV’21E (ROE’21 at 7.8% and long-term growth...
347 Views
AUCT: Safe-Haven Stock in the Thai Market
We initiate coverage of AUCT with a BUY rating, based on a target price of Bt11.5, which is derived from 24xPE’20E, in line with the valuation of...
388 Views