Ratchthani Leasing - Better Asset Quality with Lower Foreclosed Assets
We maintain a Neutral rating with a 12-month fair value (12M FV) of Bt1.43, based on the earnings yield method and a required return of 10.7%. The...
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Ratchthani Leasing - Asset Quality to Improve Further in 1Q25E
1Q25E profit is expected to have recovered QoQ, supported by a decline in the impairment of foreclosed assets (repossessed vehicles) and lower...
209 Views
Ratchthani Leasing - Strong Balance Sheet Supports Future Growth Opportunities
We downgrade our rating to Neutral from Outperform after the stock price surged over 40% since our last report, reaching its fundamental valuation.
331 Views
Ratchthani Leasing - 4Q24 Profit 19% Above Forecast; Lower Provisions and NPLs
We maintain an Outperform rating and the 12M forward fair value of Bt1.77, based on the earnings yield method with a required return of 8.3%.
203 Views
Ratchthani Leasing - Better Asset Quality Developments in 4Q24E
We maintain our Outperform rating, expecting 4Q24E earnings to recover QoQ. This may have been driven by improved debt collection trends, leading...
368 Views