Ngern Tid Lor Public Company Limited (Head office)

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21 articles for Ngern Tid Lor Public Company Limited (Head office)

Ngern Tid Lor: Profit miss; heavier OPEX than assumed

Result was 8% below our estimate. TIDLOR posted 4Q22 earnings of Bt817m. Gross loans grew by 32.0% YoY and 7.1% QoQ.
Bualuang Securities Thanakorn
Thanakorn Kosinlsuk @ Bualuang Securities 20 February 2023

Thailand: Finance - Lending driving YoY earnings growth, 4Q22 through 2023

4Q22 earnings projected to rise 18% YoY (flattish QoQ). Ongoing lending and non-NII growth in 2023. Recommendations under base-case scenario.
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 3 February 2023

Ngern Tid Lor: Digital platform driving profit growth

No concerns over intensifying competition. Effect of higher funding costs to be mitigated by a higher yield. Ongoing solid insurance premium sales expansion.
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 8 December 2022

Ngern Tid Lor: Don’t judge TIDLOR by its peers

Topic 1: Loan growth in the face of intensifying competition. Topic 2: Insurance premium sales growth. Topic 3: Interest rates, inflation, and regulatory risks.
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 29 November 2022

Ngern Tid Lor: Profit was in line with our model

Result was in line with our forecast. TIDLOR posted 3Q22 earnings of Bt901m. Gross loans grew by 7.4% QoQ and 34.0% QoQ in 3Q22.
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 10 November 2022

Thailand: Finance - 3Q22 profit projected to rise YoY

3Q22 earnings projected to rise 14% YoY but dip 2% QoQ. Ongoing lending and non-NII growth in 4Q22. New fair values under base-case scenario.
Bualuang Securities Poramet
Poramet Tongbua @ Bualuang Securities 7 November 2022

Details

Thailand
Asia
Financials
About
Ngern Tid Lor Public Company Limited operates as a microfinance company. The Company offers auto finance and insurance products and services. Ngern Tid Lor serves customers in Thailand.

Associated topics

Thailand Financials Ngern Tid Lor Public Company Limited (Head office) Equity Asia Poramet Tongbua TIDLOR 2022 Thanakorn Kosinlsuk Bloomberg 3Q21 2021 KTC SAWAD