Equity Analysis /
Thailand

Kasikornbank PCL: Recovery play (and cheap)

  • Lighter LLPs for 2021, driven by recovery from COVID-19 effects

  • Strong 2021 loan growth, driven by retail and commercial biz

  • Strong Non-NII growth and a lower cost/income ratio

Poramet Tongbua
Poramet Tongbua

Equity Research Analyst

Bualuang Securities
10 June 2021