SCB: Positive Growth Momentum Intact
With a new holding company, SCB will be able to unlock value for its high growth potential companies ahead. SCB’s earnings are expected to strongly...
180 Views
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).
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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...
188 Views
FWD Pre-IPO - Thoughts on Valuation
FWD, a pan-Asian life insurer founded by Richard Li, aims to raise up to US$3bn in its US IPO. In this note we will talk about our thoughts on...
341 Views
FWD Pre-IPO - The Negatives - Strategy Remains Unclear
FWD, a pan-Asian life insurer founded by Richard Li, aims to raise up to US$3bn in its US IPO. In this note, we will talk about the not so pleasant...
495 Views