Ratchthani Leasing - Expect 1Q24E Earnings to Recover QoQ Due to Lower Credit Costs
Despite the strong LT earnings outlook with expected EPS growth at 18.2% p.a. in 2025-26E, the valuation looks rather unappealing, and the share...
223 Views
Thani - Downbeat 4Q23 Earnings Due to Higher-Than-Expected ECL
The 4Q23 and 2023 earnings were 32% and 6% lower than expected, respectively, due to higher-than-expected ECL expenses in 4Q23.
234 Views
Thai Credit Bank IPO Trading - Half the Deal Already Spoken For, the Other Half Should Be Liquid
Thai Credit Bank PCL (3674238Z TB) raised around US$281m in its Thailand IPO. In this note, we will look at the trading dynamics.
462 Views
Thai Credit Bank IPO - Sentiment Isn’t the Best, but Valuations Aren't Demanding
Thai Credit Bank PCL (3674238Z TB) is looking to raise up to US$281m in its Thailand IPO. In this note, we will look at the updates since, and...
640 Views
Thai Credit Bank Pre-IPO - The Negatives - Although NPLs Are Rising, and Market Seems Fragmented
Thai Credit Bank PCL (3674238Z TB) is looking to raise US$300m from its upcoming Thailand IPO via selling a mix of primary and secondary shares in...
634 Views