Morgan Stanley has issued a short-term “Research Tactical Idea” calls on Bangkok Bank Public Company Limited (SET: BBL) with a target price at THB 201.00 per share, giving a 6.3% upside from the current trading price at THB 189.00 per share.
Morgan Stanley calls BBL a laggard, trading at 0.6x 2026 estimated price-to-book — the cheapest Thai bank in its coverage. While sentiment toward Thai banks has improved since mid-June, the bank sees room for BBL to catch up given its valuation discount versus peers, whose valuations now look fuller.
Morgan Stanley believes BBL’s share price will rise in absolute terms over the next 30 days, with an estimated probability of 80%+.
