Risk factor
Modest price volatility
Profitability factor
Excellent dividends
About
Established in 1969 and headquartered in Bangkok, Thailand, TISCO Financial Group Public Company Limited offers a wide spectrum of commercial banking and financial services to both individual and corporate clients throughout the nation. The company's operations are divided into three core segments: Commercial Banking Business, Securities Business, and Asset Management Business. Within its banking division, TISCO provides diverse deposit products such as current, savings, and fixed accounts, along with certificates of deposit, card services, and bill payment solutions. Lending facilities include personal loans like home mortgages, new and used car financing, and loans against inheritance pensions, as well as corporate loans covering project, long-term, and short-term credit facilities, and guarantees. Beyond traditional banking, TISCO's investment services encompass stock and derivative brokerage, mutual funds, private funds, provident funds, and super savings/retirement mutual funds. Its investment banking capabilities extend to financial advisory, underwriting for mergers and acquisitions, privatization advice, project financing, debt restructuring, feasibility studies, project valuation, and general advisory. Additionally, the group specializes in private banking, wealth management, and asset management services. Other offerings include mobile banking, custodian services, assets for sale, car auctions, hire purchase, and SME lending. As of December 31, 2021, TISCO maintained an extensive retail presence with 356 branches operating under the Somwang brand.
Company Valuation
Considering past and projected metrics, the stock is slightly 'cheaper' than its peers. Specifically, the stock is fairly valued on P/E, undervalued on P/IBPT, underprice