Capital Nomura Securities Public Company Limited stated in the analysis today (March 2, 2023), Srisawad Corporation Public Company Limited or SAWAD recommends a target price of 65 baht, estimated net profit for the year 2023 at 5,140 million baht, growing 15 % compared to the same period last year Outstanding growth in the group from high loan growth trend The company aims to grow 20-25% (estimated at 15%), while asset quality is no problem.
In addition, the SCAP business provides hire-purchase loans for new motorcycles. and personal loans without collateral which is a subsidiary still growing well The share price is trading at PER23F at 15 times and a dividend yield of 3% per year.
There is also a supporting factor for the SET50 (expected capitalization of 420 million baht, effective March 7) after TRUEE combines DTAC and remains as a single security, TRUE. In addition, the loan growth rate is high, which is an upside risk to our forecast.
