In today’s briefing:
- Thai Banks 2Q22 Screener; Krung Thai Stands Out
Thai Banks 2Q22 Screener; Krung Thai Stands Out
- The six Thai banks that we cover all have relatively healthy credit quality, NPL coverage and sound capital adequacy ratios; also, positive cost of risk trends support the earnings outlook
- Of these, Krung Thai Bank stands out, with its low cost of risk, healthy post-provision profitability versus peers and its undemanding valuation multiples along with its low PEG ratio
- TMBThanchart is one to watch in the deep value category, especially given its attractive cost of risk trends to 2Q22
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