Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
CIMB Thai Bank Public Company Limited, along with its subsidiaries, provides a comprehensive array of banking and financial services and products to both individual and business clients across Thailand. The bank's operations are structured into two main divisions: Consumer Banking and Wholesale Banking. The Consumer Banking segment offers client sales and outreach, retail finance solutions, business banking, and personal lending facilities. Meanwhile, the Wholesale Banking segment focuses on delivering investment banking services, such as financial advisory, securities trading, and asset management activities. It also handles corporate lending and deposit facilities, transaction banking, and treasury and capital market operations. Among its diverse product portfolio, the company provides various account types, including savings, foreign currency, and current accounts, alongside fixed deposits. Additionally, it offers personal loans, home mortgages, and multi-purpose credit, as well as cards and both life and general insurance policies. Established in 1949, the institution was originally known as Bank Thai Public Company Limited before rebranding to CIMB Thai Bank Public Company Limited in May 2009. Headquartered in Bangkok, Thailand, CIMB Thai Bank Public Company Limited operates as a subsidiary of CIMB Bank Berhad.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on P/IBPT,