BAM gets 2 bounces into high season, expects good shares – Miti Stock | clearly identifying all deposits

Stock size – BAM Entering the high season of business Major creditors come to negotiations, brokers recommend buying as stock prices fall sharply to P/EToo low, expect to spread outputDividend 6.3%

BAM or PCL Asset Management. Bangkok Commercial Bank Yuanta Securities (Thailand) expects Q2/67 net profit of 438 million baht, 3.2% YoY growth and 3.4% QoQ growth from a good expansion of non-interest income. Later, the company focused more on expanding its customer base among retail investors. causing NPA sales to come back

Major creditors flock to negotiate

Net profit trend for the second half of the year is growing. Due to entering the high season of the business and a low base in the past year It is expected that more large debtors will come to negotiate. BAM is expected to have a net profit of 1.78 billion baht for the whole year, an increase of 16%. However, the stock price has fallen significantly after the establishment of JVAMC. along with Government Savings Bank To date, it trades on a 2024 P/E of just 0.5 times It is also expected to pay 0.44 baht per share, equivalent to a Div yield of 6.3%. ” to “Buy” at a base price of 9.70 baht.

An expected dividend of 0.44 baht will be distributedResult 6.3%

KGI Securities said the company expects cash collections to increase gradually in Q2/67 or reach 4.5 billion baht from 3.5 billion baht in Q1/67, maintaining the 2024 target price at 10.50 baht and recommend keeping.

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