On Tuesday at 3:18 PM (Bangkok time), the share price of Srisawad Corporation Public Company Limited (SET: SAWAD) soared by 4.97% or THB 2.00 to THB 42.25, with a trading value of THB 218.61 million.
KGI Securities projects that SAWAD will announce a net profit of THB 1.4 billion for the third quarter of 2024. This reflects an 11% increase compared to the previous quarter, a 2% rise year-over-year, and a 5% growth over the first nine months. The anticipated growth is primarily driven by reduced credit costs and improved loan origination systems (LOS), particularly in their asset management company (AMC) segment.
The LOS of SAWAD’s AMC is substantial, comprising 50% of SAWAD’s overall LOS. During the three-month period ended September, credit costs are anticipated to decrease to 1.99%, down from 2.1% in the second quarter. Meanwhile, the company’s credit expansion is expected to slow to 1% quarter-over-quarter, while still achieving an 8% growth year-over-year.
SAWAD’s net profit for the first nine months of 2024 is projected to reach 73% of KGI’s full-year forecast for the year. The analyst has set a target price for SAWAD of THB 48.75 per share for 2025.
