Mr. Parithat Phetampai, Executive Chairman of Muangthai Capital Public Company Limited, or MTC, disclosed that flooding in several areas has not yet significantly affected the company's loan loss provisioning, as only some areas were impacted and most customers were affected only briefly, potentially deferring one installment or negotiating partial payment in the second and third installments before returning to normal payments from the fourth installment onward. The company has tightened screening of new customers and lowered its 2026 loan portfolio growth target to 8-10% from a previously expected 10-15%, in order to control credit quality. Credit quality risk also stems from agricultural customers, who account for roughly 50% of the portfolio. On funding costs, Mr. Parithat expects interest expenses in the second half of 2026 to be lower than in the first half, after the company's credit rating was upgraded from BBB+ to A-, which will help reduce the cost of new borrowing and refinancing of existing debt by about 20-30% for the company, saving interest costs by up to about 1%. Meanwhile, Krungsri Securities Public Company Limited expects MTC's net profit in the third quarter of 2026 to grow both year-on-year and quarter-on-quarter, and forecasts 2026 net profit at 7,082 million baht, up 5.3%, maintaining a buy recommendation and a 2027 target price of 44 baht.
Muangthai Capital Public Company LimitedCredit rating upgrade from BBB+ to A- is expected to cut borrowing/refinancing costs by 20-30% and save about 1% in interest costs
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