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.
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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...
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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.
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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.
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