In today’s briefing:
- Siam Commercial Bank (SCB TB) – Let the Games Begin
Siam Commercial Bank (SCB TB) – Let the Games Begin
- Siam Commercial Bank (SCB TB)recently published a solid set of results reflecting the gradual recovery of its core banking business and increasing digitalisation of its customers base.
- The real excitement will come with the formation of SCBX, involving the reallocation of excess capital, which will be invested in adjacent lending and high-growth technology businesses.
- Siam Commercial Bank (SCB TB)trades at a slight premium to peers on 0.92x FY2022E PBV but has the potential to generate higher returns, which should lead to further re-rating.
Before it’s here, it’s on Smartkarma
