TISCO Jumps 5.5% as Investors Speculate on Better-Than-Expected 4Q20 Earnings

TISCO Jumps 5.5% as Investors Speculate on Better-Than-Expected 4Q20 Earnings, the Analyst Recommends "BUY" at a TP of Bt104.00/share.

The share price of Tisco Financial Group Public Company Limited (TISCO) rose ฿5.00/share or 5.51% to ฿95.75/share with a trading value of 998 million baht.

 

Country Group Securities (CGS) stated that according to Bloomberg Consensus, TISCO is expected to announce its 4Q20 earnings today with a net profit of 1.6 billion baht, a decrease of 14% YoY and flat QoQ. TISCO stated that if the actual net profit beat the Bloomberg Consensus and a decline in NPL, it could be a positive sentiment for TISCO.

 

Meanwhile, UOB Kayhian (Thailand) recommended “BUY” on TISCO with a target price at ฿104.00/share due to the company has a clear recovery momentum in 2021, especially in 2H21.

 

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