Increased risk weighs on SIAM COMMERCIAL BANK, penalising its rating down to Slightly Negative
The independent financial analyst theScreener just lowered the general evaluation of SIAM COMMERCIAL BANK (TH), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date April 5, 2022, the closing price was THB 119.50 and its target price was estimated at THB 100.73.Siam Commercial Bank Public Co. is engaged in the provision of financial products and services through its branch network in Thailand and other countries as well as its subsidiary in Cambodia and associate in Vietnam. Co. has four Business Groups: the Wholesale Banking Group (WBG) which serves corporate and commercial customers; the Business Banking Group (BBG) which serves SME customers; the Retail Banking Group (RBG) which serves individuals and small businesses; and the Special Business Group (SBG) which is responsible for NPL resolution. At Dec 31 2014, Co. had total assets of Baht2.70 trillion and deposits of Baht1.89 trillion.
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