SPRIME: Depressed Price Offers a Good Opportunity to Accumulate
We keep our BUY recommendation on SPRIME with a target price of Bt11.00, implying an upside of 38%. We derive our target price from a DCF-based...
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KBANK – Provision Expense Collapse
The range of 3Q20 credit cost change among Thai banks is vast, from -57% to +41% QoQ, with the two similar banks, Kasikornbank PCL (KBANK TB) and...
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Thai Banks: Down But Coming Back
With Thailand's tourism industry devastated by the lockdown imposed to contain the spread of COVID-19,
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The Week that Was in ASEAN@Smartkarma - SE Asia's Consumer Proxy, Wilmar's YKA IPO, and CRC
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable insights from across South...
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South Asian Banks - State Banks Differ
We sometimes view state banks as lethargic and prone to higher bad loans than other banks. In the current world, it is worth assessing how some of...
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