THANI Soars 13% after a Successful Capital Increase to Strengthen Financial Position

The share price of Ratchthani Leasing Public Company Limited (THANI) extended its gain in the afternoon session by 13.38% to ฿3.56/share after a 8% gain in the morning session.

 

As of 15:04 local time in Thailand (GMT+7), THANI advanced ฿0.42/share or 13.38% to ฿3.56/share with a trading value of 338 million baht.

Land and Houses Securities recommended a “T-Buy” on THANI with a target price at ฿3.60/share. The analyst expected a better performance once the economy recovered. THANI posted an XR sign yesterday after a successful capital increase in which the proceeding funds will strengthen its financial position in the long run, while lowering its D/E from 5.6x to 4.5x. The company also has a credit of around 10 billion baht with creditors, reflecting a strong liquidity for the company.