Inventory Dimension – BBL The broker promotes it as a top stock pick. The reason is that 2023 profits are expected to reach 42 billion baht, the largest among banking stocks, reaching the target of 220 baht.
BBL Krungsri Patanasin Securities said it expects 4Q23 net profit to reach 10.8 billion baht, growing 43% year-on-year due to higher yield on loan and investment profits, but down -5% sequentially from expenses. of operational efficiency and reserve expenses for future uncertainties
Year 66 profits grow 44% The strongest in the group
BBL is one of the banks benefiting from economic growth. Including strength in asset quality and the highest reserve adequacy per portfolio among large banks. Therefore, it is likely to be a top pick in the banking group. We recommend buying with a target price of 220 baht.
Sleep rises to 3%
Pye Securities reported that Q4 2023 earnings are expected to reach 9.5 billion baht, up 25%, and in 2023, earnings are expected to reach 42 billion baht, up 44.1%, with the positive effects of the upward interest cycle causing The net interest margin for 2023 increased to 3%, up from 2.1% in 2022, which is the main factor driving the strongest growth in profits, and the most prominent in the banking group. While the share price is not expensive I still recommend buying the base price is 203 baht
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