SRISAWAD CORPORATION - Lower Provisions QoQ; Loan Growth Likely to Fall Below Target
The slowdown in loan portfolio growth poses risk to the target and creates potential downside for the 2024-26E profit forecasts. We will revisit...
341 Views
Srisawad Corporation - Slower Loan Growth
We switch to an Outperform rating with a fair value (FV) of Bt40.50 (from Buy and an FV of Bt47.51). The share price has risen by 37% since our...
237 Views
Srisawad Corporation - In-Line 2Q24 NP; Accelerating Credit Costs
The valuation metrics suggest that the share price implies upside of 70% to our fair value; meanwhile, the long-term earnings prospects are strong,...
256 Views
SRISAWAD CORPORATION - 2Q24E Earnings to Grow YoY and QoQ
Our valuation metrics suggest switching to a Buy rating (from Neutral) as the current share price implies significant upside of 58.4% compared to...
147 Views
Srisawad Corporation -1Q24E Core Profit to Have Grown Slightly YoY and QoQ
We maintain a Buy call, with a new fair value of Bt46.07. Our valuation metrics suggest strengths in all dimensions, including the long-term growth...
211 Views