Krung Thai Bank Pub (KTB) Earnings: 2Q Net Income Hits 11.20B Baht with EPS of 0.80 Baht

Krung Thai Bank Pub on Smartkarma

Analyst coverage of Krung Thai Bank Pub on Smartkarma by Victor Galliano highlights positive sentiment towards the bank’s value and profitability. In the research report titled “Thai Banks 1Q24 Screener,” Krung Thai is lauded for its solid capital ratio and healthy return potential. The report also emphasizes the undemanding PBV and PE ratios of the bank, positioning it as a preferred pick among Thai banks. Additionally, Kasikornbank is mentioned for its improving returns, warranting a positive share price re-rating.

In another insightful report, “Thai Banks 4Q23 Screener,” Victor Galliano continues to show confidence in Krung Thai, citing its strong profitability, healthy balance sheet, and attractive valuations. The report recommends switching out of Ayudhya into Kasikorn due to the latter’s improved cost of risk and potential for better returns. This analysis underscores the positive outlook on Krung Thai Bank Pub’s performance and its favorable positioning in the banking sector.

A look at Krung Thai Bank Pub Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Krung Thai Bank Public Company Limited is positioned to perform well in the long term. With a top score of 5 in both Value and Growth, the company shows strength in its fundamentals and potential for expansion. This suggests that the bank is undervalued and has robust growth prospects.

Additionally, Krung Thai Bank scores highly in Dividend and Momentum at 4 and 5 respectively, indicating strong returns to shareholders and positive market sentiment. However, in terms of Resilience, the bank received a lower score of 2, suggesting some vulnerability in facing economic challenges. Overall, Krung Thai Bank Pub‘s smart scores paint a positive picture for the company’s future performance.

Summary: Krung Thai Bank Public Company Limited, a state-owned commercial bank majorly owned by the Financial Institutions Development Fund, provides a wide range of banking and financial services including loans, provident fund management, foreign exchange, and international trade financing services. Despite some resilience concerns, the bank shows promising outlook across various key factors as indicated by the Smartkarma Smart Scores.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma