Banks demoted from list of most valuable companies(Photo supplied)Thailand’s biggest banks aren’t so large when it comes to their market values. “The most natural outward moves for Thai banks would be to Cambodia, Laos, Myanmar and Vietnam, though Bangkok Bank’s recent acquisition in Indonesia may spur other large lenders’ M&A interest too,” she said. Siam Commercial currently ranks 11th among Thai companies by market capitalisation, with Kasikornbank Plc and Bangkok Bank Plc at 12th and 16th, respectively. “Thai banks behave like an oligopoly and haven’t let their margins collapse through aggressive price undercutting,” Ms Gera said. “The major Thai banks are well-managed with a focus on profitability instead of size.”

Source: Bangkok Post July 02, 2020 03:45 UTC