บทวิเคราะห์ (Research)

AEONTS reported a FY3Q24 (ending Nov-2024) net profit of Bt789mn (-4% QoQ, +12% YoY). There was good and bad inside. On the positive side, NPLs stabilized, triggering a reduction in credit cost. On the negative side, loans and revenue showed declining trends at a faster pace. The FY9M24 net profit accounted for 77% of our full-year forecast, so there is upside risk of around 5% to our estimate. We maintain a Neutral rating with a 2025 target price of Bt132.50 (PE 11.5x).