Bangkok Bank PCL

Bangkok Bank Public is an authorized commercial bank based in Thailand. Co. is engaged in the provision of banking services including the acceptance of deposits, the provision of short, medium and long term credit facilities, money transfers, collections, payments, loan syndication, housing mortgages, financial advice and consultancy. The Bank conducts its businesses through a network of branches covering all parts of Thailand and some other parts of the world. Co. maintains a presence in China, with branches in Beijing, Shanghai, Xiamen and Shenzhen.
  • TickerBBL
  • ISINTH0001010006
  • ExchangeStock Exchange of Thailand
  • SectorBanks
  • CountryThailand

With a more favourable environment, BANGKOK BANK improves to Slightly ...

BANGKOK BANK (TH), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 1, 2021, the closing price was THB 117.50 and its potential was estimated at THB 127.51.

Tanadech Rungsrithananon ... (+9)
  • Tanadech Rungsrithananon
  • Adrian Loh Tzum Yung
  • Philip Wong
  • Jie Ying Chloe Tan
  • Jacquelyn Yow Hui Li
  • Leow Huey Chuen
  • Benyamin Mikael
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
BBL Bangkok Bank PC... (Banks)
B8O Yangzijiang Shi... (Industrial Goods & Services) ... (+4)

Regional Morning Notes - Monday, September 20, 2021

GREATER CHINA Sector EV Battery Materials Electrolyte industry value chain forum key takeaways. INDONESIA Sector Property Catalyst for the reopening of the economy; maintain OVERWEIGHT. MALAYSIA Sector Plantation Malaysia to allow the plantation sector to bring in 32,000 foreign workers. Likely to take place in stages and impact on production to come only in 2H22. Results EcoWorld Development (ECW MK/HOLD/RM0.805/Target: RM0.750) 3QFY21: Within expectations. 10-month sales exceeded full-year target. Stock looks fairly valued after surging 65% ytd and is trading at 0.5x FY22F P/B. Top Glo...

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Bangkok Bank (BBL TB) - 3Q21 Results Preview: Positive Momentum Intact

BBL’s 3Q21 earnings are expected to rise yoy and qoq largely due to higher interest income and lower provisions. BBL’s earnings growth is expected to outperform peers with an expected rise of 41% yoy in 2021 and to continue rising 15% yoy in 2022. Valuation is undemanding as the stock is trading at 0.4x 2022F P/B or -2SD below its historical mean (2016-19). Maintain BUY. Target price: Bt154.00.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Thailand Daily - Monday, September 20, 2021

KEY HIGHLIGHTS Update Bangkok Bank (BBL TB/BUY/Bt113.50/Target: Bt154.00) 3Q21 results preview: Positive momentum intact.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

BBL TB - Robust Recovery Intact Despite Economic Challenges

Update Bangkok Bank (BBL TB/BUY/Bt102.50/Target: Bt149.00) Robust recovery intact despite economic challenges.

With a more favourable environment, BANGKOK BANK improves to Slightly ...

BANGKOK BANK (TH), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 1, 2021, the closing price was THB 117.50 and its potential was estimated at THB 127.51.

Tanadech Rungsrithananon ... (+9)
  • Tanadech Rungsrithananon
  • Adrian Loh Tzum Yung
  • Philip Wong
  • Jie Ying Chloe Tan
  • Jacquelyn Yow Hui Li
  • Leow Huey Chuen
  • Benyamin Mikael
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
BBL Bangkok Bank PC... (Banks)
B8O Yangzijiang Shi... (Industrial Goods & Services) ... (+4)

Regional Morning Notes - Monday, September 20, 2021

GREATER CHINA Sector EV Battery Materials Electrolyte industry value chain forum key takeaways. INDONESIA Sector Property Catalyst for the reopening of the economy; maintain OVERWEIGHT. MALAYSIA Sector Plantation Malaysia to allow the plantation sector to bring in 32,000 foreign workers. Likely to take place in stages and impact on production to come only in 2H22. Results EcoWorld Development (ECW MK/HOLD/RM0.805/Target: RM0.750) 3QFY21: Within expectations. 10-month sales exceeded full-year target. Stock looks fairly valued after surging 65% ytd and is trading at 0.5x FY22F P/B. Top Glo...

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Bangkok Bank (BBL TB) - 3Q21 Results Preview: Positive Momentum Intact

BBL’s 3Q21 earnings are expected to rise yoy and qoq largely due to higher interest income and lower provisions. BBL’s earnings growth is expected to outperform peers with an expected rise of 41% yoy in 2021 and to continue rising 15% yoy in 2022. Valuation is undemanding as the stock is trading at 0.4x 2022F P/B or -2SD below its historical mean (2016-19). Maintain BUY. Target price: Bt154.00.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Thailand Daily - Monday, September 20, 2021

KEY HIGHLIGHTS Update Bangkok Bank (BBL TB/BUY/Bt113.50/Target: Bt154.00) 3Q21 results preview: Positive momentum intact.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

BBL TB - Robust Recovery Intact Despite Economic Challenges

Update Bangkok Bank (BBL TB/BUY/Bt102.50/Target: Bt149.00) Robust recovery intact despite economic challenges.

With a more favourable environment, BANGKOK BANK improves to Slightly ...

BANGKOK BANK (TH), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 1, 2021, the closing price was THB 117.50 and its potential was estimated at THB 127.51.

Tanadech Rungsrithananon ... (+9)
  • Tanadech Rungsrithananon
  • Adrian Loh Tzum Yung
  • Philip Wong
  • Jie Ying Chloe Tan
  • Jacquelyn Yow Hui Li
  • Leow Huey Chuen
  • Benyamin Mikael
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
BBL Bangkok Bank PC... (Banks)
B8O Yangzijiang Shi... (Industrial Goods & Services) ... (+4)

Regional Morning Notes - Monday, September 20, 2021

GREATER CHINA Sector EV Battery Materials Electrolyte industry value chain forum key takeaways. INDONESIA Sector Property Catalyst for the reopening of the economy; maintain OVERWEIGHT. MALAYSIA Sector Plantation Malaysia to allow the plantation sector to bring in 32,000 foreign workers. Likely to take place in stages and impact on production to come only in 2H22. Results EcoWorld Development (ECW MK/HOLD/RM0.805/Target: RM0.750) 3QFY21: Within expectations. 10-month sales exceeded full-year target. Stock looks fairly valued after surging 65% ytd and is trading at 0.5x FY22F P/B. Top Glo...

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Bangkok Bank (BBL TB) - 3Q21 Results Preview: Positive Momentum Intact

BBL’s 3Q21 earnings are expected to rise yoy and qoq largely due to higher interest income and lower provisions. BBL’s earnings growth is expected to outperform peers with an expected rise of 41% yoy in 2021 and to continue rising 15% yoy in 2022. Valuation is undemanding as the stock is trading at 0.4x 2022F P/B or -2SD below its historical mean (2016-19). Maintain BUY. Target price: Bt154.00.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Thailand Daily - Monday, September 20, 2021

KEY HIGHLIGHTS Update Bangkok Bank (BBL TB/BUY/Bt113.50/Target: Bt154.00) 3Q21 results preview: Positive momentum intact.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

BBL TB - Robust Recovery Intact Despite Economic Challenges

Update Bangkok Bank (BBL TB/BUY/Bt102.50/Target: Bt149.00) Robust recovery intact despite economic challenges.

With a more favourable environment, BANGKOK BANK improves to Slightly ...

BANGKOK BANK (TH), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 1, 2021, the closing price was THB 117.50 and its potential was estimated at THB 127.51.

Tanadech Rungsrithananon ... (+9)
  • Tanadech Rungsrithananon
  • Adrian Loh Tzum Yung
  • Philip Wong
  • Jie Ying Chloe Tan
  • Jacquelyn Yow Hui Li
  • Leow Huey Chuen
  • Benyamin Mikael
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
BBL Bangkok Bank PC... (Banks)
B8O Yangzijiang Shi... (Industrial Goods & Services) ... (+4)

Regional Morning Notes - Monday, September 20, 2021

GREATER CHINA Sector EV Battery Materials Electrolyte industry value chain forum key takeaways. INDONESIA Sector Property Catalyst for the reopening of the economy; maintain OVERWEIGHT. MALAYSIA Sector Plantation Malaysia to allow the plantation sector to bring in 32,000 foreign workers. Likely to take place in stages and impact on production to come only in 2H22. Results EcoWorld Development (ECW MK/HOLD/RM0.805/Target: RM0.750) 3QFY21: Within expectations. 10-month sales exceeded full-year target. Stock looks fairly valued after surging 65% ytd and is trading at 0.5x FY22F P/B. Top Glo...

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Bangkok Bank (BBL TB) - 3Q21 Results Preview: Positive Momentum Intact

BBL’s 3Q21 earnings are expected to rise yoy and qoq largely due to higher interest income and lower provisions. BBL’s earnings growth is expected to outperform peers with an expected rise of 41% yoy in 2021 and to continue rising 15% yoy in 2022. Valuation is undemanding as the stock is trading at 0.4x 2022F P/B or -2SD below its historical mean (2016-19). Maintain BUY. Target price: Bt154.00.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Thailand Daily - Monday, September 20, 2021

KEY HIGHLIGHTS Update Bangkok Bank (BBL TB/BUY/Bt113.50/Target: Bt154.00) 3Q21 results preview: Positive momentum intact.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

BBL TB - Robust Recovery Intact Despite Economic Challenges

Update Bangkok Bank (BBL TB/BUY/Bt102.50/Target: Bt149.00) Robust recovery intact despite economic challenges.

With a more favourable environment, BANGKOK BANK improves to Slightly ...

BANGKOK BANK (TH), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 1, 2021, the closing price was THB 117.50 and its potential was estimated at THB 127.51.

Tanadech Rungsrithananon ... (+9)
  • Tanadech Rungsrithananon
  • Adrian Loh Tzum Yung
  • Philip Wong
  • Jie Ying Chloe Tan
  • Jacquelyn Yow Hui Li
  • Leow Huey Chuen
  • Benyamin Mikael
  • Neo Chen Wentao
  • Sandra Huang Jieqiong
BBL Bangkok Bank PC... (Banks)
B8O Yangzijiang Shi... (Industrial Goods & Services) ... (+4)

Regional Morning Notes - Monday, September 20, 2021

GREATER CHINA Sector EV Battery Materials Electrolyte industry value chain forum key takeaways. INDONESIA Sector Property Catalyst for the reopening of the economy; maintain OVERWEIGHT. MALAYSIA Sector Plantation Malaysia to allow the plantation sector to bring in 32,000 foreign workers. Likely to take place in stages and impact on production to come only in 2H22. Results EcoWorld Development (ECW MK/HOLD/RM0.805/Target: RM0.750) 3QFY21: Within expectations. 10-month sales exceeded full-year target. Stock looks fairly valued after surging 65% ytd and is trading at 0.5x FY22F P/B. Top Glo...

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Bangkok Bank (BBL TB) - 3Q21 Results Preview: Positive Momentum Intact

BBL’s 3Q21 earnings are expected to rise yoy and qoq largely due to higher interest income and lower provisions. BBL’s earnings growth is expected to outperform peers with an expected rise of 41% yoy in 2021 and to continue rising 15% yoy in 2022. Valuation is undemanding as the stock is trading at 0.4x 2022F P/B or -2SD below its historical mean (2016-19). Maintain BUY. Target price: Bt154.00.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

Thailand Daily - Monday, September 20, 2021

KEY HIGHLIGHTS Update Bangkok Bank (BBL TB/BUY/Bt113.50/Target: Bt154.00) 3Q21 results preview: Positive momentum intact.

Tanadech Rungsrithananon
  • Tanadech Rungsrithananon

BBL TB - Robust Recovery Intact Despite Economic Challenges

Update Bangkok Bank (BBL TB/BUY/Bt102.50/Target: Bt149.00) Robust recovery intact despite economic challenges.

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