In today’s briefing:
- BBL: Growth Momentum to Continue
BBL: Growth Momentum to Continue
- Maintain our BUY call with a target price of Bt162. Our BUY call reflects steady earnings growth; a resilient balance sheet; and undemanding valuation.
- BBL was optimistic about the economic growth in 2022 given the limited impacts of the Omicron variant and successful vaccination rollout.
- The bank’s lending strategy in 2022 remained concentrated on a rise in corporate and international loans.
Before it’s here, it’s on Smartkarma
