On Friday at 11:28 AM (Bangkok time), the share price of Muangthai Capital Public Company Limited (SET: MTC) grew by 1.46% or THB 0.75 to THB 52.25, with a trading value of THB 106.95 million.
Kasikorn Securities (KS) gives a ‘BUY’ recommendation for MTC, setting a base price of THB 55.50 per share. The analyst foresees a positive sentiment for MTC’s 3Q24 earnings report, expecting growth on a yearly basis.
Anticipated growth is expected to be primarily fueled by a potential credit expansion exceeding 15% compared to the previous year, alongside a minor increase in interest rates stemming from a greater number of days compared to the previous year.
Moreover, MTC’s asset quality is projected to be effectively managed, with non-performing loans (NPL) during the quarter expected to remain stable or slightly decrease. Provisions are anticipated to be higher, while the company is poised to benefit from a positive sentiment resulting from lower interest rates.
