On Jan 14, JP Morgan upgraded United Overseas Bank (UOB) and Thai Military Bank (TMB); and retained an overweight on DBS Group Holdings. Here’s why. Thailand’s banks have been battling asset quality problems for the last seven years, according to JP Morgan analyst Harsh Modi.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply