TIDLOR Surges 4% as the Analyst Expects 27% EPS Growth in 2021, Recomm. “BUY” at Bt54
TIDLOR rose 4% to Bt45.50 as the analyst stated that the stock is still laggard, while expecting 2021 EPS to grow 27%.
The share price of Ngern Tid Lor Public Company Limited (TIDLOR) rose ฿1.75/share or 4.00% to ฿45.50/share with a trading value of 2ม551 million baht as of 11:55 local time in Thailand on June 11, 2021.
Finansia Syrus Securities (FSS) stated that the surge in share price came after a long rebase, causing TIDLOR to laggard despite a strong economic outlook. The company would receive a small impact from high competition in motorcycle-title loans as the business portion is quite small, unlike its car-title loan.
FSS expected EPS in 2021 to grow 27% and a 3-year CAGR EPS growth would be 26-27%, giving a “BUY” recommendation with a target price at ฿54.00/share.
