Stability of thin hot Keplerian discs is investigated asymptotically in small disc's aspect ratio, . The study is carried out in the local approximation for short vertical waves in the disc-thickness scale. Besides the radial rotation shear and the vertical magnetic field, the background configuration is characterized by a vertically near-constant temperature profile with a small vertical gradient. The temperature-gradient term in Ohm's law, which characterizes the thermomagnetic transport is found to be of the order of . The effect of the thermomagnetic transport slightly modifies the conventional magnetorotational instability (MRI), while a new thermomagnetic instability (TMI) emerges in regions of the wavenumber space where MRI is absent. Explicit solutions are obtained for a wide range of values of plasma beta, β, and thermomagnetic transport coefficient, λ. In particular, it is shown for λ 1 that the MRI dominates in weak magnetic fields, β 1, while the TMI is exhibited in strong magnetic fields, β ∼ 1, also with the growth rate of the order of inverse rotation period.