Citi lowers Bangkok Bank target price

BANGKOK: Citigroup has cut the target price for Thailand's Bangkok Bank Pcl to 195 baht ($6.31) from 203 baht but still recommends it as a "buy".

On Thursday, the top lender reported a better-than-expected 22 percent rise in third-quarter profit due to strong loan growth driven by private investment and domestic consumption.

By 0317 GMT, Bangkok Bank stocks were up 0.75 percent at 134 baht while the broader index was 0.3 percent higher.