HEFFX Initiates Converage on Bangkok Bank PCL (BKK:BBL)

HEFFX Initiates Converage on Bangkok Bank PCL (BKK:BBL)

HEFFX Initiates Converage on Bangkok Bank PCL (BKK:BBL)

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 184.95.

The projected lower bound is: 175.01.

The projected closing price is: 179.98.

BANGKOK BANK closed unchanged at 180.000. Volume was 30% above average (neutral) and Bollinger Bands were 3% narrower than normal.

Open            High            Low             Close           Volume
180.000      181.000      179.500      180.000      4,463,200

Technical Outlook
Short Term:               Neutral
Intermediate Term: Bearish
Long Term:                Bullish

Moving Averages: 10-period        50-period       200-period
Close:                       183.05             181.57             168.99
Volatility:                26                     17                     23
Volume:                   6,666,670      3,300,618      4,350,823

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary Bangkok Bank
BANGKOK BANK is currently 6.5% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of BBL.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BBL.BK and have had this outlook for the last 3 periods.

Bangkok Bank, Asia, Thailand, HEFFX, Outlook, Shayne, Heffernan, Stock

VALUATION RATIOS Company industry sector
P/E Ratio (TTM) 10.80 17.61 20.46
P/E High – Last 5 Yrs. 11.72 16.32 24.98
P/E Low – Last 5 Yrs. 8.52 10.82 11.01
Beta 1.01 1.55 1.53
Price to Sales (TTM) 2.95 4.83 4.88
Price to Book (MRQ) 0.89 2.48 2.39
Price to Tangible Book (MRQ) 0.89 2.57 2.51
Price to Cash Flow (TTM) 13.12 14.21 14.89
% Owned Institutions 0.28 0.40

HEFFX Momentum Bangkok Bank
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 38.1818. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 44.08. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 35 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -62. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

Bangkok Bank, Asia, Thailand, HEFFX, Outlook, Shayne, Heffernan, Stock

Key Financial Ratio (%)

Y 2015

Y 2016

1Q17

Loans to deposit ratio/1

89.4

89.1

85.7

NPLs to total loans

2.8

3.2

3.5

Loans loss reserve to NPLs

185.3

173.6

160.0

Capital adequacy ratio
(Basel III)/3

17.9

18.3

18.3

Tier 1 capital to risk-weighted assets (Basel III)/3

15.8

16.4

16.5

Common Equity Tier 1 capital to risk-weighted assets (Basel III)/3

15.8

16.4

16.5

Return on average assets (ROA)/2

1.2

1.1

1.1

Return on average equity (ROE)/2

9.9

8.6

8.8

Net interest margin (NIM)

2.16

2.34

2.35

Net fees and service income to operating income

23.4

23.1

24.7

Operating expenses to income

43.8

47.7

40.7

Established in 1944, Bangkok Bank is one of the largest regional banks in Southeast Asia with total assets of approximately 2,944,230 Million Baht. Bangkok Bank is Thailand’s market leader in corporate and SME banking with the country’s largest retail customer base. It has 17 million accounts including business and retail customers, approximately 240 business centers and business desks, and a nationwide network of over 1,200 branches. The bank’s thriving self-service network, including ATMs and cash deposit machines, phone banking, and a convenient easy-to-use bilingual internet and mobile banking platform that enables customers to do fast, round-the-clock banking.

Bangkok Bank has the largest overseas branch network of any Thai bank and is the only Thai bank with a substantial presence in China, with branches in Beijing, Chongqing, Shanghai, Shanghai Free-trade Zone, Shenzhen and Xiamen.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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