“Online Business Stock News” would like to present financial information of listed companies (Company) listed on the Stock Exchange of the “Leasing” Group that the operating results for the first quarter of 2023 ended on March 31, 2023 have grown strongly. compared to the same period last year Reflecting that the company has good fundamentals with income and strong net profit growth steadily including NCAP, CHAYO, JMT, ASK, KTC, SAK, TIDLOR. Details of operating results can be seen in the accompanying table.
Next Capital Public Company Limited or NCAP Reported operating results for the 1st quarter of 2023 with a net profit of 142.07 million baht, an increase of 117.79% compared to the same period last year with a net profit of 65.23 million baht as a result of the company’s total revenue of 482.49 million baht. Up 6.17% from the previous year with total income of 454.46 million baht, mainly from interest income from hire purchase contracts and fees and service fees.
Chayo Group Public Company Limited or CHAYO Reported operating results for the 1st quarter of 2023 with a net profit of 103.84 million baht, an increase of 43.23% compared to the same period last year with a net profit of 72.50 million baht as a result of the company’s total revenue of 369.63 million baht. up 66.68% from the previous year with total income of 221.76 million baht, mainly from interest income from loans to non-performing assets and interest income from loans.
side Blo.dao (Thailand) stated that the net profit forecast for the year 2023 was 413 million baht, an increase of 64% compared to the same period last year. from higher revenue from AMC business following the recovery of debt following the economic recovery and an increase in bad debt management It is estimated that the company will be able to buy bad debt at a cost of 1.5 billion baht from the tendency that financial institutions will bring bad debt out. Sales have increased since the beginning of 2023, and loans will expand by 40% compared to the same period last year. It is estimated that the company will accelerate new loans to be able to bring CHAYO Capital into the IPO in 2024, with a target price of 10.80 baht.
JMT Network Services Public Company Limited or JMT Reported operating results for the 1st quarter of 2023 with a net profit of 453.07 million baht, an increase of 23.47% compared to the same period last year with a net profit of 366.96 million baht as a result of the company’s total revenue of 1,149.7 million baht, an increase of 6.6% from the previous year with total revenue of 1,078.7 million baht, mainly from revenue from contracts with customers and insurance income.
while Trinity Securities stated that the profit trend in 2023 will grow approximately 31% compared to the same period last year. It is expected to see better profits in the 2nd quarter of 2023 and 4th quarter of 2023, according to the seasonal adjustment of the IRR calculation table and the increase in debt purchases, which began to see signs of debt sales from financial institutions that more after the end of measures to help debtors We also expect to see more profit sharing from JK AMC from additional debt transfers from KBANK. The 2023 target price is estimated at 66 baht.
Asia Sermkij Leasing Public Company Limited or ASK Reported operating results for the 1st quarter of 2023 with a net profit of 402.80 million baht, an increase of 14.74% compared to the same period last year with a net profit of 351.04 million baht as a result of the company’s total income of 1,546.05 million baht, an increase of 18.83. % from the previous year, the total income was 1,301.05 million baht, mainly from interest income from loans and interest income from hire purchase loans.
by Blo.ASL Stated that the 2023 performance trend still aims to expand the loan portfolio to grow by 20%, focusing on controlling the NPL not more than 3%, which in the first quarter of 2023 was 3.7%, still higher than the target that needs to be monitored closely. But still expecting profits in 2023 to increase by 13.6% compared to the same period last year, continuing to make new highs After the profit of the first quarter of 2023, as expected
Krungthai Card Public Company Limited or KTC Reported operating results for the 1st quarter of 2023 with a net profit of 1,871.71 million baht, an increase of 7.12% compared to the same period last year with a net profit of 1,747.27 million baht as a result of the company’s total income of 6,055 million baht, an increase of 13 % Mainly from higher interest income and fee income
however Blo.Dao (Thailand) stated that the net profit forecast for the year 2023 was 7.8 billion baht, an increase of 10% compared to the same period last year from loans that increased 9% compared to the same period last year according to growth in all types of loans both credit card loans from higher card usage and economic activities returning to normal and accelerate more Including personal loans from increasing approval rate
While the performance of the second quarter of 2023 is expected to increase compared to the same period last year. and from the previous quarter from continued good loan growth Especially credit cards that have higher spending during the tourist season. and marketing that has returned to normal However, there will be some pressure from lower bad debt income from the previous quarter. as the number of holidays increases with a target price of 68 baht
Sak Siam Leasing Public Company Limited or THING Reported operating results for the 1st quarter of 2023 with a net profit of 174.94 million baht, an increase of 6.08% compared to the same period last year with a net profit of 164.92 million baht as a result of the company’s total income of 637.10 million baht, an increase of 20.90. % from the previous year total income of 527 million baht, mainly from fees and service income and interest income.
Ngern Tid Lor Public Company Limited or TIDLER Reported operating results for the 1st quarter of 2023 with a net profit of 955.12 million baht, an increase of 1.57% compared to the same period last year with a net profit of 940.36 million baht as a result of the company’s total income of 4,345.3 million baht, an increase of 29.3 % from the previous year, total income was 3,360.4 million baht, mainly from fees and service income and interest income from hire-purchase receivables.
part Trinity Securities stated that the profit trend in 2023 would grow 5-10% from the loan portfolio growing about 15-20%, while the insurance business could still grow at the level of 20% with a target price of 30 baht.
2023-05-14 02:00:13
#stocks #Leasing #sweeps #profits #NCAP #grows #doubled
