On Monday at 10:42 AM (Bangkok time), the share price of Muangthai Capital Public Company Limited (SET: MTC) rose by 1.55% or THB 0.75 to THB 49.00, with a trading value of THB 71.08 million.
Kasikorn Securities (KS) issued a base price of THB 55 per share for MTC. The company is anticipated to show a slightly improved performance in 3Q24 compared to 2Q24, with a positive outlook on asset quality.
MTC, among companies in the finance sector, is expected to experience a favorable momentum in its asset quality as it already surpassed the highest level of NPL. The analyst predicts that the company will see growth in net profit and loans in 2025, benefiting from reduced financial costs following the onset of an economic easing cycle.
