BBL: Strong Growth Rebound and Improving Asset Quality
Maintain our BUY call with a target price of Bt162. Our BUY call reflects steady earnings growth; a resilient balance sheet; and undemanding...
236 Views
BBL: Growth Momentum Intact
We expect BBL’s net profit to surge 165% YoY to Bt6.3bn in 4Q21, driven by lower provisions and higher net interest income. But, the profit will...
223 Views
BBL: 3Q21 Result Grew Both YoY and QoQ, Better than Our Expectation
BBL’s 3Q21 net profit was Bt6.91 bn (+72%YoY, +9%QoQ), 7% better than our forecast. Maintain our BUY rating with a target price at Bt162, derived...
85 Views
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...
180 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...
149 Views