Equity Analysis /
Thailand

Thailand (Bualuang): Bank - Big beat for 3Q21! Recovery to continue through 2022

  • 3Q21 aggregate profit beat our estimate

  • Aggregate lending was up by 6.6% YoY and 1.9% QoQ

  • NPLs up by only 7.4% YoY and 1.2% QoQ

Poramet Tongbua
Poramet Tongbua

Equity Research Analyst

Bualuang Securities
26 October 2021