Poramet Tongbua

Bualuang Securities

Equity Research Analyst @ Bualuang Securities

Poramet is an Equity Analyst covering Thai Equity Market Strategy. He has twenty four years of full-time professional experiences in equity research with experiences in various sectors coverage (Financial and non-Financial) during first half of his career.

Poramet Tongbua
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Latest from Poramet Tongbua

Muangthai Capital PCL: Strong 2022 outlook (despite heavier LLPs), led by lending expansion

We expect MTC to achieve our 2022 loan growth assumption of 20% YoY, despite the inflation spike. The drivers are ongoing sales-point expansion to 6,400 locations by YE22, up 600 YoY (MTC’s 2022 sales-point target is 6,500), and HP-for-new motorbikes...
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 28 June 2022

Thai Market Strat- Inflation and growth—opportunities ahead of the dust clearing

Through the eye of the storm. Weathering the storm—focus on profit quality & discounted prices. Scope for alpha plays.
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 21 June 2022

Bangkok Commercial Asset Management PCL: Ongoing profit growth, despite near-term headwind (higher inflation)

How realistic is BAM’s cash collection target? We expect BAM to achieve its 2022 cash collection target of Bt17.5bn. 1Q22 cash collection was only Bt3.2bn (equal to 18% of its full-year target), but we expect cash collection to accelerate in 2H22 in ...
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 17 June 2022

Thailand: Bank - Scope for upside from interest rate rise

MPC voted 4-3 to keep the benchmark rate at the record low of 0.5%. Scope for Bank sector profit upside, due to a higher Repo Rate …. …but downside risk from possible higher MLR and deposit rate.
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 9 June 2022

Thailand: Bank - Improving asset quality enhances 2022 outlook

We expect the Bank of Thailand to reset the annual FIDF fee to 0.46% of deposits in 2024 (it has been 0.23% since the advent of COVID-19). “ The decision is about [whether] to …extend or just to …go back to normal [a 0.46% rate] will …depend on econo...
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 6 June 2022

Thailand: Thai Market Strategy - Baht to bounce back

Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 31 May 2022

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