The Week That Was in ASEAN@Smartkarma - BNI More Digital, Erajaya on Fire, and Siam Commercial Bank
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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FWD Pre-IPO - The Positives - Growing Fast
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 positive...
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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...
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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%...
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Bangkok Bank – Rotten To The Core
BANGKOK BANK: BBL reported a 2Q21 QOQ core operating results decline of 86.2%. The increase in net new NPLs, unknown moratorium credits, and COVID...
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