KTC share price soars amid investor confidence
The share price of Krungthai Card (KTC) is skyrocketing on investors’ hopes that the company will grow in line with consumption.
KTBST Securities assistant manager for investment strategy Mongkol Puangpetra said the finance sector will be able to maintain its growth this year and the following years as its debtors are still paying interest regularly.
However, he advised investors who have KTC shares to continue holding them, while advising those who do not to wait for a price drop because the price is higher than the target value of Bt60 per share.
He also said that the securities company expected KTC net profit this year to increase by 6 per cent to Bt5.96 billion as the firm’s loans are expected to grow by 6 per cent, in line with the recovery in card spending.
“Meanwhile, the cost-to-income ratio is expected to be 39 per cent, according to the decline in marketing expenses and synergy with Krungthai Bank,” he added.
