Stock dimension – AEONTS announces its 2022 performance (Apr. ’22-Mar. ’23. The company has a net profit of 3,815 million baht, growing 7.4% or earnings per share at, 15.26 baht due to the growth of the loan portfolio. Especially the credit card business along with effective management of operating expenses
With income from the consolidated financial statements of 22,332 million baht, an increase of 7.4% from the previous year from the total loan amount of 100,145 million baht, mainly from credit card income (70% of total loans) approximately 7,642 million baht, an increase of 18.2%. from the previous year, while the period Q4/22 Credit card income was 1,994 million baht, an increase of 21.4%.
22% of the total lending volume, with revenue of 10,385 million baht, stable from the previous year. As for the hire-purchase business of motorcycles and second-hand cars, Hire-purchase loans for electrical appliances, mobile phones, earned about 1,029 million baht, a decrease of 4.1%.
Yuanta Securities (Thailand) stated that the stock price recovered after announcing better-than-expected Q4/22 statements and the company has a more positive outlook. from expected credit growth new business penetration and a slowdown in provisions, while in 2H23, it will be supported by post-election stimulus measures. Profits are expected this year +20% YoY to 4,710 million baht, a resistance of 192 baht.
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