RATCHTHANI LEASING Plc. (THANI): Strong Asset Quality Control...
We downgrade our recommendation to Outperform (from Buy) as our long-term growth outlook for 2026–28E has been revised down to “Below Average”...
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RATCHTHANI LEASING Plc. (THANI): Earnings Jump; Normalized Provisions & Repossessed Vehicles
We maintain our Outperform call with a new fair value (FV) of Bt2.18 (from Bt1.90), based on a lower required return of 9.4% (from 11.0%) following...
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RATCHTHANI LEASING Plc. (THANI): Asset Quality Remains Well Controlled
We expect 4Q25E profit to rise YoY on lower provisions and losses on repossessed vehicles, but to ease QoQ due to higher expenses and fewer...
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RATCHTHANI LEASING Plc. (THANI): Solid Balance Sheet And Asset Quality...
We hold a slightly positive view after yesterday’s Opportunity Day.Management is confident in asset quality control and repossessed-car management...
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RATCHTHANI LEASING Plc. (THANI): Provisions Beat...
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...
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