BFIT Continue the Rally by 13% in Speculation of Initiating Home-Loan Business with GSB

The share price of Srisawad Finance Public Company Limited (BFIT) continued to edge higher by ฿5.75/share or 13.37% to trade at ฿48.75/share as of 11:32 local time in Thailand on April 20, 2021, with a trading value of 1,964 million baht.

BFIT extended its gain in today’s session after hitting a ceiling yesterday after the speculation of joining the Government Saving Bank to initiate a home loan business with a low-interest rate at 15%, compared to other operators at 20-30%. BFIT’s P/E was lower than its peers at 11-12x, resulting in wider upside, while offering a dividend yield of 4.2% from a dividend payment of Bt1.40 per share.