Equity Analysis /
Thailand

Muangthai Capital PCL: Slimmer NIM outlook dampens 2022 earnings growth outlook

  • Ongoing loan growth led, by sales-point expansion …

  • …but the NIM outlook is weak …

  • …and we expect heavier OPEX and LLPs in 2022

Poramet Tongbua
Poramet Tongbua

Equity Research Analyst

Bualuang Securities
11 November 2021