MTC Reaches an All-Time High at ฿64.50, Welcoming the Lowering Policy Rate by 0.25pts
MTC Reaches an All-Time High at ฿64.50, Welcoming the Lowering Policy Rate by 0.25pts.
MTC Reaches an All-Time High at ฿64.50, Welcoming the Lowering Policy Rate by 0.25pts.
8 ส.ค. 2562

As of 15:30 local time in Thailand, the share price of Muangthai Capital Public Company Limited (MTC) was at ฿64.25/share, increased ฿3.75/share or 6.20%, making a new high since entered the market on November 26, 2014. The highest share price of MTC was ฿64.50/share and the lowest was ฿59.75/share.
The hike might be due to the announcement from the Monetary Policy Committee (MPC) which had voted 5 to 2 to reduce the policy rate by 0.25 percentage point from 1.75 to 1.50%.
The consensus has estimated MTC to record a net profit of THB 1,099 million in 2Q19, increased 20.5% YoY and 9.3% QoQ.
Capital Nomura Securities gives a “BUY” recommendation on MTC with the target price of ฿67.00/share, expecting the net profit of 2Q19 to be THB 1,099 million while the provision is expected to be lower. The NIM that reached the lowest last quarter tends to recover in 2Q.