Thailand

Muangthai Capital PCL: Profit beat, due to light LLPs

  • Earnings were 12.6% above our estimate

  • MTC announced a 2Q20 profit of Bt1.27bn

  • The result was 12.6% above our model and 3.4% ahead of the consensus

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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

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