Ratchthani Leasing - 3Q24 Earnings Fell Short of Estimate by 67% Given Massive Provisionsa
We have upgraded our rating to Outperform (from Neutral) with expectations of a recovery over the next 12 months, based on a more positive outlook...
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Ratchthani Leasing - Downbeat 2Q24 Earnings Due to Upbeat Provision
We maintain an Outperform rating, with a 12M FV of Bt2.36, based on the earnings yield method and a required return of 10.9%.
141 Views
Ratchthani Leasing - 2Q24E Earnings Are Expected to Weaken YoY and QoQ
We switch to an Outperform rating (vs. Neutral previously) after the share price fall of around 25% from June 5, 2024, when we released our latest...
140 Views
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.
307 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.
182 Views