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...
291 Views
BBL: 3Q21 Result Grew Both YoY and QoQ, Better than Our Expectation
BBL’s 3Q21 net profit was Bt6.91 bn (+72%YoY, +9%QoQ), 7% better than our forecast. Maintain our BUY rating with a target price at Bt162, derived...
183 Views
BBL: Expect Pre-Provision Profit to Bottom Out in 3Q21
We expect its 3Q21 net profit at Bt6.44 bn (+60%YoY, +1.3%QoQ), driven by a drop in provision. Meanwhile, pre-provision profit will drop 22%QoQ...
271 Views
BBL: Cheap Valuation with Secured Portfolio Will Limit Downside
Neutral tone from yesterday analysts’ meeting. We reiterate our BUY rating with a target price at Bt155, derived from 0.65x PBV’21E,which is close...
317 Views
BBL: 2Q21 Result Was in Line with Our Expectation
BBL’s net profit in 2Q21 was Bt6.36 bn (+105%YoY, -8%QoQ), 5% better than our forecast with stable NPL at 3.7%. We reiterate our BUY rating with a...
256 Views