SCB: 3Q21 Result Was Better that Our Expectation
SCB’s net profit in 3Q21 was Bt8.82 bn (+90%YoY, Stable QoQ), 10 % higher than our forecast due to a drop in provision (-23%YoY).
129 Views
SCB: Expect 3Q21 Earnings to Drop in Two Consecutive Quarter.
We reiterate our BUY rating with a new target price at Bt136 (+9% from previous TP) by rolling over target PBV to 1.04xPBV’22E , implying 5-years...
201 Views
SCB: SCBX Will Unlock Potential Growth in the Long-Term
Despite positive view to its business restructuring under SCBX and a spin-off Card X, huge loan base of Bt2.3tn could imply that group’s earnings...
320 Views
SCB: Largest Retail Loan Portfolio Amongst Big Banks
We initiate coverage on SCB with a BUY rating, based on a target price of Bt 124.50. Our target price derived from 0.99xAVG PBV (target ROE at 8.2%...
266 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