www.ubs.com/investmentresearchThisreporthasbeenpreparedbyUBSSecurities(Thailand)Ltd.ANALYSTCERTIFICATIONANDREQUIREDDISCLOSURESBEGINONPAGE21.UBSdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.GlobalResearch12February2019ThaiBanksCoulddigitallendingbeagame-changerforThaibanksinthenextthreetofiveyears?AninflectionpointforThaibankstoscaleupitsunsecuredlendingbusinessWhilewethinkThaibankshavebeentemptedtotapintothehigher-yieldlendingsegment,eg,unse...
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