Ratchthani Leasing Public Co., Ltd. is a financial services company in Thailand, specializing in hire-purchase and financial leasing for a variety of vehicles, including new and used commercial cars, trucks, and personal vehicles. The company also offers refinance loans, car title loans, business loans for car dealerships, and financing for solar panel installation. It also provides auto and property insurance products, and annual tax registration services. Ratchthani Leasing was founded in 1988 and is headquartered in Bangkok, Thailand.
We downgrade our recommendation to Outperform (from Buy) as our long-term growth outlook for 2026–28E has been revised down to “Below Average”...
We hold a slightly positive view after yesterday’s Opportunity Day.Management is confident in asset quality control and repossessed-car management...
We maintain “Buy” with a 12-month fair value of Bt2.30, based on a 7.5% required return.3Q25 net profit was Bt301mn (+277% YoY, +8% QoQ), 30% above...