บทวิเคราะห์ (Research)

AEONTS : Earnings Preview - 2Q25F net profit decreases y-y, but increases q-q We have a neutral on AEONTS’ 2Q25F net profit of Baht 695 million, decreases by -18% y-y but increases +33% q-q. The y-y decrease in earnings comes from cost of fund, debt collection expenses and provision. However, the q-q increase in earnings comes from gain from NPL selling of Baht 150 million. We revised our earnings up by +(2)% from new credit card regulation and government stimulus which will reduce credit cost and NPL. We changed to NEUTRAL recommendation and rolled over to TP26F of Baht 140.