Analysts Agree on “BUY” Rating for MTC with a TP of ฿73, 4Q Profit to Record a New High
Analysts Agree on “BUY” Rating for MTC with a TP of ฿73, 4Q Profit to Record a New High.
Analysts Agree on “BUY” Rating for MTC with a TP of ฿73, 4Q Profit to Record a New High.
19 พ.ย. 2563

Analysts gave a “BUY” recommendation on Muangthai Capital Public Company Limited (MTC) in unison, seeing high growth in loan portfolio as well as constant net profit growth. The 4Q20 earnings are expected to report a new high and will be able to compete with a joint venture of SAWAD and GSB.
The company also cut its car-title loan interest rate by 18% from the earlier 19% to in line with SAWAD and GSB.
Analysts expected 2020 earnings to increase 16-22%, and another 15% in 2020, mainly due to an expansion of loan business.
 
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