Equity Analysis /
Thailand

Thailand (Bualuang): Bank - In line with our model; heavy LLPs

  • 4Q20 aggregate profit was in line with our estimate

  • 1Q21 coverage earnings should bounce 38% QoQ on lighter LLPs

  • Selective BUYs, based on high dividend yields and cheap valuations

Suwat Bumrungchatudom
Suwat Bumrungchatudom

Equity Research Analyst 

Bualuang Securities
27 January 2021