Risk factor
Fair trading liquidity
Profitability factor
Excellent dividends
About
Bangkok Commercial Asset Management Public Company Limited, established in 1998 and based in Thailand's capital, functions as a specialized asset management firm. Its primary activities include acquiring problematic loans (NPLs) from diverse Thai financial institutions and then working to resolve these NPLs through debt restructuring negotiations with the respective debtors. The company also procures distressed assets (NPAs) via multiple channels, such as negotiating collateral transfers directly with borrowers, pursuing foreclosure for debt recovery, and purchasing NPAs outright from other financial entities. The NPLs it handles are largely secured by real estate, typically backed by a first-priority mortgage. Its portfolio of NPAs predominantly features real estate holdings like undeveloped land, hotels, commercial structures, and residential properties (including houses, townhouses, and condominiums), alongside various movable assets and other securities.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is reasonably priced on P/E, 'expensive' on EV/
Target Price
The average target price of BAM.BK is 7.5 and suggests 12% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation