ASIA SERMKIJ LEASING Plc. (ASK): 1Q26E Earnings Recovery Driven By Lower Provisions
We maintain a Buy rating with a new 12M forward fair value of Bt12.90 (from Bt11.10), based on a required return of 11.2% (previously 10.1%)...
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ASIA SERMKIJ LEASING Plc. (ASK): Better Balance Sheet Clean-Up Supports Earnings Recovery
The new FV implies ~11% upside, driven by earnings recovery (reflecting stronger long-term growth than the industry from a low base) and the 10...
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Asia Sermkij Leasing Plc. (ASK): Lower Provisions And Repossession Losses Drive Earnings Recovery
We upgrade to Outperform (from Buy) after the share price rose 18% since our latest report (February 6, 2025), narrowing upside, while tactical...
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ASIA SERMKIJ LEASING Plc. (ASK): 4Q25E Profit To Rebound On Lower Provisions
We expect 4Q25E net profit to rebound sharply YoY (from a low base) and QoQ on lower provisions, supported by declining repossession volumes and...
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Asia Sermkij Leasing Plc. (ASK): Repossessed Cars Fell For 2nd Quarter; Still Elevated
Truck sales remained weak, pressured by lower demand and strict lending conditions, with the loan portfolio contracting sharply (–16% YoY, –5% QoQ).
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