Security Bank: Something Makes Me Feel Insecure
Security Bank (SECB PM) trades at a premium to Asian banks on a P/Book, franchise valuation, earnings yield, and total return ratio basis.The PH...
619 Views
Philippine National Bank – A Giant Gem, Still Undiscovered
Philippine National Bank (PNB PM) continues to go unnoticed. We are doubtful that this will last indefinitely. This is especially the case given...
787 Views
MUFG – Bank Danamon Deal Makes Little Sense
* Bank Danamon is additive to MUFG’s ASEAN strategy, bringing it's foreign content of EPS to 50%.* From a financial and managerial perspective,...
420 Views
A Milestone for Philippine National Bank
One of the privileges about being independent in Asian bank research is the ability to focus on lesser-known names, which may be illiquid....
492 Views