In today’s briefing:
- Thai Credit Bank IPO – Sentiment Isn’t the Best, but Valuations Aren’t Demanding
Thai Credit Bank IPO – Sentiment Isn’t the Best, but Valuations Aren’t Demanding
- Thai Credit Bank PCL (3674238Z TB) is looking to raise up to US$281m in its Thailand IPO.
- TCB is a commercial bank that focuses on providing business loans to small and medium-size enterprises (SMEs), nano loans and micro credits to merchants, and home loans for individual customers.
- In this note, we will look at the updates since, undertake a quick peer comparison, and share our thoughts on valuation.
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