Thani - Remains Cautious in Lending; Expect Recovery in 2H24E
The valuation metrics suggest that the share price is fully valued, while the limited tactical upside is offset by strong long-term growth prospects.
389 Views
Ratchthani Leasing - Upbeat 1Q24 Earnings Due to a Much Lower Provision
THANI's 1Q24 earnings exceeded expectations by 52% thanks to a lower-than-anticipated provision, reflecting a stronger-than- expected recovery.
260 Views
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...
261 Views
Low D/E, but EPS Dilution From Stock Dividend
We have downgraded the rating to Neutral (from Outperform) and lowered our fair value to Bt2.23 (vs. Bt2.62), based on the earnings yield, with a...
86 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.
274 Views