In today’s briefing:
- BBL: Growth Momentum Intact
BBL: Growth Momentum Intact
- We expect BBL’s net profit to surge 165% YoY to Bt6.3bn in 4Q21, driven by lower provisions and higher net interest income. But, the profit will likely decline 8% QoQ
- Thai economy is on the path to recovery given higher private consumptions and continued government spending. BBL will likely gain benefits from an improvement in economic activities to shore up
- Given its resilient balance sheet, credit costs will likely continue to decline, which will sustain long-term growth and increase ROE.
Before it’s here, it’s on Smartkarma
