Stock price when the opinion was issued
(A Top Pick April 20, 2017. Up 16.98%). This is one of the biggest banks in Thailand. This is conservatively run. The economy slowed down last year during a year-long period of mourning for the deceased Thai monarch. That has finished and the economy is picking back up. He expects infrastructure spending to increase, which will filter into small and midsize enterprises which is Kasikornbank’s sweet spot.
Thailand is an interesting economy right now. Elections next year. They are starting to spend on infrastructure. Lending has to be done to all the companies doing the actual work. They have strong growth. (Analysts’ target: 192.50 Thai Bhat).