Equity Analysis /
Thailand

Thailand (Bualuang): Finance - Lending will drive 2022 profit growth

  • Strong consumer loan demand during periods of high inflation

  • NCAP and TIDLOR look set to lead earnings growth for 2022

  • Downside risk to forecasts if funding costs exceed assumptions …

Poramet Tongbua
Poramet Tongbua

Equity Research Analyst

Bualuang Securities
23 March 2022

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