【出版时间及名称】：2010年1月泰国银行业研究报告
        【作者】：BNP百富勤
        【文件格式】：pdf
        【页数】：52
        【目录或简介】：
Contents
1) Higher valuations justified......................................................................................................................................................... 3
Decent three-year earnings growth of 15% ......................................................................................................................... 4
TISCO has the strongest earnings growth .......................................................................................................................... 6
2) A change in business platform ................................................................................................................................................. 7
Diversifying income sources............................................................................................................................................... 7
Balance sheets stronger than ever..................................................................................................................................... 9
3) Where are the areas of extra growth? .................................................................................................................................... 11
#1: SME lending segment ................................................................................................................................................ 11
#2: Consumer loan segment ............................................................................................................................................ 11
#3: Government lending ................................................................................................................................................... 12
4) Growth profile and ROE ranking............................................................................................................................................. 13
5) KTB, KBANK are our top picks ............................................................................................................................................... 16
KTB: Re-rating in the offing .............................................................................................................................................. 17
KBANK: Real solid, real high growth................................................................................................................................ 18
BAY: Acquisitions paying off ............................................................................................................................................ 19
SCB: Optimism not news ................................................................................................................................................. 20
BBL: Waiting for its moment............................................................................................................................................. 21
TISCO: No turf threat just yet ........................................................................................................................................... 22
TMB: Mission unaccomplished......................................................................................................................................... 23
6) Company updates .................................................................................................................................................................... 25