Ngern Tid Lor - Earnings on Recovery Trend
We maintain a Neutral rating with a new 12-month fair value (FV) of Bt21.30 (previously Bt21.10), based on the earnings yield method using a...
343 Views
NGERN TID LOR - In-Line 4Q24 Earnings; Better Asset Quality
We maintain a Neutral rating, as the 4Q24 earnings growth (+16% YoY, +1% QoQ) was in line with our expectations, supported by lower provisioning...
170 Views
Ngern Tid Lor - Lower Provisions in 4Q24E
We switch to a Neutral rating (previously Buy) after the stock price surged 9% since our last report (Nov. 13, 2024), weakening the tactical view...
199 Views
Ngern Tid Lor - Revised Down Earnings Forecasts to Reflect Weak Asset Quality
We maintain a Buy call but revise down the fair value to Bt19.17 from Bt22.62 following the downward revisions to our 2024-26E earnings forecasts.
159 Views
Ngern Tid Lor - Slightly Upbeat 2Q24 NP
We maintain a Buy rating, with a 12M fair value of Bt22.62, based on a required return of 7.8%.The valuation metrics suggest that the share price...
311 Views