CBG is best play for both the short run and the long haul. Its current PER is 36.8x (equal to its eight-year mean) against strong funda-mentals. BUY!
2Q22 profit was in line with our estimate and the consensus
CBG reported core earnings of Bt742m for 2Q22 (against core profits of Bt967m for 2Q21 and Bt660m for 1Q22). The core number was in line with our estimate and street projection.