Analyst Expects “Pee Berm” to Strengthen KTC’s Profit in 2021, Raising a TP to ฿45

KTC expected 2021 net profit to soar above this year’s profit as the analyst revised up net profit forecast by 3-4% due to a better outlook in “Pee Berm”, which is expected to expand its portfolio over 1 billion baht. Capital Nomura Securities (CNS) raised a target price of KTC up to ฿45.00/share.

 

Capital Nomura Securities (CNS) upgraded KTC’s 2020-2022 profit forecast by 3-4% following a better-than-expected outlook of expected credit loss (ECL) and rate of return, while the new business “Pee Berm” will have to take time for expanding the portfolio. 

 

The source close to the matter expected “KTC Pee Berm” (Vehicle Hire Purchase) will significantly generate a profit to KTC next year, estimating the loans portfolio to grow over 1 billion baht with an average interest rate of 19-20% per year.