Ratchthani Leasing Appears Set for Asset-Quality Recovery -- Market Talk

Dow Jones

Feb 24, 2025

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)

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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. 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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 00:12 ET (05:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEX.SI","symbol_name":"绿达环球有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513924027","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513924027","pubTimestamp":1740373920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NEX.SI":"绿达环球有限公司"},"translate_title":"Ratchthani Leasing似乎将恢复资产质量——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEX.SI":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 00:12 ET (05:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}