Krung Thai Bank Pub (KTB) Reports Stellar 1Q Earnings: Net Income Hits 11.08B Baht with Strong Buy Recommendations

Krung Thai Bank Pub on Smartkarma

Analyst coverage on Krung Thai Bank Pub by Victor Galliano on Smartkarma reveals insightful recommendations. In the report “Thai Banks 4Q23 Screener,” Victor suggests sticking with Krung Thai due to its strong profitability, healthy balance sheet, and attractive valuations. Noting the improved cost of risk for Kasikorn, Victor recommends switching out of Ayudhya into Kasikorn for potentially better returns. Krung Thai is highlighted for its solid post-provision profitability, close to double-digit ROE, and attractive financial ratios. The addition of Kasikorn to the buy list signifies potential post-provision returns improvement, while Ayudhya is removed due to worsening cost of risk trends and weaker capital adequacy.

In another report, “Thai Banks 3Q23 Screener,” Victor advises sticking with Krung Thai and Ayudhya based on their strong profitability, healthy balance sheets, and attractive ratios. Krung Thai stands out for its double-digit ROE, while Ayudhya is praised for its sound pre and post-provision profitability metrics. Despite Kasikorn’s healthy pre-provision profitability, its high and worsening cost of risk is highlighted as an area of concern, keeping it from receiving a strong recommendation at this time.

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 Public Company Limited is poised for a positive long-term outlook. With a perfect score in Value and Resilience, the bank demonstrates strong fundamentals and robustness in the face of market challenges. Additionally, the above-average scores in Growth indicate potential opportunities for expansion and development in the future. While the scores for Dividend and Momentum are decent, there is room for improvement in these areas to further enhance the overall performance of the company.

Krung Thai Bank Pub, a state-owned commercial bank, is backed by a solid foundation and a diverse range of financial services. Majority owned by the Financial Institutions Development Fund, the bank offers services such as commercial and consumer loans, credit cards, and international trade financing. With a strong emphasis on value and resilience, Krung Thai Bank Pub is positioned well to navigate the dynamic financial landscape and capitalize on growth opportunities in the long term.

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