Analysts forecast dip in leasing securities
published : 16 Jul 2021 at 06:43 An investor looks at an electronic display of stock indices at Asia Plus Securities. Pornprom Satrabhaya
Profits of leasing and hire-purchase stocks will likely decline in second half this year because of the possibility that interest rate ceilings for credit card and personal loans will be lowered and asset quality risks will rise due to lockdown measures, according to SCB Securities (SCBS).
SCBS expects the second-quarter earnings of consumer loan companies to recover from the same period last year, with net profits stable compared with the first quarter.
There will be little impact from the third wave of the pandemic on the sector in the first half this year, the research said.