Krung Thai Bank Pub (KTB) Earnings: 3Q Net Income Soars to 11.11B Baht with EPS of 0.79

Krung Thai Bank Pub on Smartkarma

Analyst coverage on Krung Thai Bank Pub on Smartkarma by Victor Galliano shows a positive outlook for the bank. In the report titled “Thai Banks 2Q24 Screener,” Krung Thai is highlighted as the best value pick among Thai banks, boasting a strong balance sheet and impressive return on equity. The report downgrades Kasikorn to neutral due to credit quality concerns and points out rising NPL risks at Bank Ayudhya. With solid post-provision profitability and attractive financial ratios, Krung Thai stands out as a top choice in the sector.

In another report by Victor Galliano on Smartkarma titled “Thai Banks 1Q24 Screener,” Krung Thai is again emphasized for its value and healthy return potential. The report suggests positive catalysts for Kasikornbank, maintaining it on the buy list. Both Krung Thai and Kasikorn are expected to see positive share price re-ratings, with a focus on improving returns and strong capital ratios. This analysis underscores Krung Thai’s position as a preferred pick due to its solid profitability, robust balance sheet, and undemanding valuation metrics.

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 the Smartkarma Smart Scores, Krung Thai Bank Pub shows a positive long-term outlook. With strong scores across Value, Dividend, and Growth factors, the bank is positioned well for potential growth and generating returns for investors. Its Resilience and Momentum scores further indicate stability and a promising future trajectory, suggesting that the bank is well-equipped to withstand market fluctuations and capitalize on emerging opportunities.

Krung Thai Bank Pub, as a state-owned commercial bank, offers a wide range of financial services catering to both individual and corporate clients. With a focus on commercial and consumer loans, credit cards, and mortgage services, as well as various other financial products, the bank plays a significant role in the financial sector. Majority ownership by the Financial Institutions Development Fund underscores its strategic importance in the banking industry, further strengthening its position for sustained growth and performance.

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.
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