Banque Populaire (BCP) Bangchak Corporation (BCP TB) - On The Path To Recovery

Since our upgraded note was published on 12 August, BCP’s share price has soared by 17%, outperforming its peers over the last month. BCP is still trading at a cheap valuation of 8.4x on its 2022F PE and 0.9x P/B with an impressive dividend yield of 4.1% for 2022. Still, we see room for BCP’s sh [...]