Risk factor
Modest price volatility
Profitability factor
Undervalued vs peers
About
Established in 1966 and headquartered in Bangkok, Thailand, Krung Thai Bank Public Company Limited offers a comprehensive range of commercial banking services. Its operations are structured across three main areas: Retail Banking, Wholesale Banking, and Treasury and Investment. For individual customers, the bank provides diverse deposit options, including checking, savings, time, and foreign currency accounts. It also facilitates personal and home financing, offers various payment cards (debit, credit, travel, cash, and top-up), and provides investment opportunities. Insurance products for travel, motor vehicles, and home assets are available, alongside essential services such as money transfers, bill payments, foreign exchange, support for overseas education, and robust e-banking solutions. The institution further supports small and medium-sized enterprises (SMEs) with specialized loans, including those for international business endeavors. Corporate clients benefit from sophisticated banking solutions, which encompass advanced cash management services (for collections, liquidity, and payments), a variety of fixed deposit, current, and foreign currency accounts, and corporate cards. The bank also offers a suite of derivative instruments covering foreign exchange, interest rates, equity, commodities, and credit. Additionally, it provides extensive financial advisory expertise, assisting with mergers and acquisitions, project finance, and capital market activities like underwriting and acting as a selling agent for equity products. Investment solutions, including government and corporate bonds, structured notes, and investment units, are also part of its corporate offerings. These services are delivered through Krung Thai Bank's widespread branch network across Thailand and via its numerous international centers.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. In particular, the stock is reasonably priced on P/E, 'cheap' on P/IBPT, undervalued on P/R