0512 GMT - Ratchthani Leasing appears set to enter an asset-quality recovery cycle, according to Thanachart Securities' Sarachada Sornsong in a research report, as the brokerage reaffirms its buy rating on the stock. The Thai company has taken a more cautious approach to new lending and strengthened its debt collection processes since 2Q 2023, bringing its balance sheet clean-up to near completion, the analyst notes. The financial services provider is expected to maintain its prudent stance, prioritizing loan quality over aggressive portfolio expansion. However, the brokerage lowers its 2025-2027 earnings estimates for Ratchthani Leasing by average 52%, citing factors such as elevated provisions. The target price is reduced to THB1.84 from THB2.64. Shares are 1.2% higher at THB1.66. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 00:12 ET (05:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。