bullish

TISCO: Quality Growth with a High Dividend Payment

238 Views10 May 2022 11:02
Broker
We initiate coverage of TISCO with a BUY rating and a target price of Bt106. Our valuation is derived from a Gordon growth model (ROE 17.5%, growth 2%), implying 2.0x PBV’22E, which is equal to +0.5SD
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Pi Securities PCL, Thailand
Leading, full-service investment firm in Thailand
ThailandEquity Bottom-Up
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