Financials: Krung Thai Bank Pub, Tokyo Stock Exchange Tokyo Price Index Topix, NFT and more

In today’s briefing:

Thai Banks Screener; Krung Thai and Kasikorn Are Our Top Picks

The six value oriented Thai banks all have healthy credit quality, NPL coverage and sound capital adequacy ratios; in addition, encouraging cost of risk trends support the earnings outlook
Of these, we believe Krung Thai Bank screens well, with its attractive pre-provision and post-provision profitability versus peers, whilst trading on relatively undemanding multiples; we also like Kasikorn Bank
We see TMBThanchart as an early stage “turn around” stock, especially if management can improve credit quality, and push down its cost of risk sustainably to lower levels

A data showed that “the percentage of employees who feel fulfilled at work is 56% in Japan, 10 ppt below the global average,” indicating the lower motivation of Japanese employees.
Another survey showed that companies with more employees who feel happiness through their work increased sales more than companies with fewer employees who feel happiness
The disclosure of “human capital,” which is now the focus of attention, should trigger a shift in management from focus on cost competition to focus on creating high value-added businesses.

In 2017 – 2018, the speculation we saw in crypto was pretty mad.
If you thought this was bad, 4-5 years ago people were putting literally anything on a blockchain, launching an initial coin offering (ICO) and basically going into nothingness after they run out of money.
And there was a lot of retail money there. There were a lot of people essentially gambling on the next big thing.

Before it’s here, it’s on Smartkarma