บทวิเคราะห์ (Research)

KTC : Earnings Preview - 3Q24F net profit increases both y-y and q-q We have a neutral view on KTC’s 3Q24F net profit of Baht 1,880 million, increases by +1% y-y and +3% q-q due mainly to an increase in its outstanding loans growth, net fee and services income and bad debt recovery. We see asset quality was manageable, NPL Ratio of 2.00% same level as 2Q24. We revise our earnings up by +(2-3)% from new credit card regulation and government stimulus which will reduce credit cost and NPL. We maintain BUY recommendation withTP25F of Baht 52 because of strong balance sheet.