Saksiam Leasing vs Ngern Tid Lor: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Saksiam Leasing Public Company Limited (SAK.BK)

Q3 202622 Jul – 2 Sep 2026

▲3

SAK raises growth outlook, sells bonds, wins broker upgrade

Loan growth now seen beating target SAK says its loan book already tops 15 billion baht and full-year growth will exceed its 15.5–16 billion baht target, helped by farmer loans for oil palm, rubber, cassava and corn. More lending means more interest income, which supports the share price.
This is the newest and strongest signal that the company's core business is growing faster than promised.
3 billion baht bond fully subscribed SAK sold a new 3 billion baht bond that was fully taken up, giving it cash to lend more. The bond pays 5.60% interest, which raises funding costs, but the company expects extra lending to more than cover that.
It shows SAK can raise money to fund growth, a key enabler of the loan expansion story.
Broker upgrade and higher target price Kasikorn Securities upgraded SAK to buy and lifted its target price 15% to 3.9 baht, citing better-than-expected loan growth and a 6.1% dividend yield. It also raised profit forecasts for 2026–2028, which can draw more investors.
A fresh analyst upgrade directly changes how the market values the stock.
Profit up but NPL risk and El Niño loom First-half profit rose 3.4% to 454 million baht, yet the bad-loan ratio edged up to 2.7% and SAK warns El Niño and higher diesel and fertiliser costs could hurt farmers later this year. Rising credit costs may cap gains even as loans grow.
It is the main counterweight: growth is real, but asset-quality and weather risks could slow it.

August 202622 Jul – 2 Sep 2026

▲3

SAK raises growth outlook, sells bonds, wins broker upgrade

Loan growth now seen beating target SAK says its loan book already tops 15 billion baht and full-year growth will exceed its 15.5–16 billion baht target, helped by farmer loans for oil palm, rubber, cassava and corn. More lending means more interest income, which supports the share price.
This is the newest and strongest signal that the company's core business is growing faster than promised.
3 billion baht bond fully subscribed SAK sold a new 3 billion baht bond that was fully taken up, giving it cash to lend more. The bond pays 5.60% interest, which raises funding costs, but the company expects extra lending to more than cover that.
It shows SAK can raise money to fund growth, a key enabler of the loan expansion story.
Broker upgrade and higher target price Kasikorn Securities upgraded SAK to buy and lifted its target price 15% to 3.9 baht, citing better-than-expected loan growth and a 6.1% dividend yield. It also raised profit forecasts for 2026–2028, which can draw more investors.
A fresh analyst upgrade directly changes how the market values the stock.
Profit up but NPL risk and El Niño loom First-half profit rose 3.4% to 454 million baht, yet the bad-loan ratio edged up to 2.7% and SAK warns El Niño and higher diesel and fertiliser costs could hurt farmers later this year. Rising credit costs may cap gains even as loans grow.
It is the main counterweight: growth is real, but asset-quality and weather risks could slow it.

Latest22 Jul – 2 Sep 2026

▲3

SAK raises growth outlook, sells bonds, wins broker upgrade

Loan growth now seen beating target SAK says its loan book already tops 15 billion baht and full-year growth will exceed its 15.5–16 billion baht target, helped by farmer loans for oil palm, rubber, cassava and corn. More lending means more interest income, which supports the share price.
This is the newest and strongest signal that the company's core business is growing faster than promised.
3 billion baht bond fully subscribed SAK sold a new 3 billion baht bond that was fully taken up, giving it cash to lend more. The bond pays 5.60% interest, which raises funding costs, but the company expects extra lending to more than cover that.
It shows SAK can raise money to fund growth, a key enabler of the loan expansion story.
Broker upgrade and higher target price Kasikorn Securities upgraded SAK to buy and lifted its target price 15% to 3.9 baht, citing better-than-expected loan growth and a 6.1% dividend yield. It also raised profit forecasts for 2026–2028, which can draw more investors.
A fresh analyst upgrade directly changes how the market values the stock.
Profit up but NPL risk and El Niño loom First-half profit rose 3.4% to 454 million baht, yet the bad-loan ratio edged up to 2.7% and SAK warns El Niño and higher diesel and fertiliser costs could hurt farmers later this year. Rising credit costs may cap gains even as loans grow.
It is the main counterweight: growth is real, but asset-quality and weather risks could slow it.

Ngern Tid Lor Public Company Limited (TIDLOR.BK)

Q3 202621 Jul – 4 Oct 2026

▲4

TIDLOR gains as rate fears ease and analysts turn bullish

Rate-hike fears fade, lifting finance stocks US jobs data missed forecasts, cutting the chance of a Fed rate hike in October to 22.7% from 64.2% a week earlier. Lower rate pressure helps TIDLOR because its borrowing costs stay in check and its shares look more attractive. All 16 analysts now recommend buying TIDLOR, with Kasikorn raising profit forecasts and setting a 24.40 baht target.
This is the latest and strongest new catalyst, directly easing the main pressure on TIDLOR and prompting unanimous analyst support.
Maybank names TIDLOR a top consumer-finance pick Maybank raised its 2026 SET target to 1,590 points and highlighted consumer finance as a standout group, with TIDLOR, KTC, and MTC as top picks because valuations look attractive again. This draws investor attention to TIDLOR and supports demand for its shares.
A major broker explicitly recommends TIDLOR, which can attract new buyers and support the share price.
Pie Securities sees strong H2 profit growth Pie Securities recommends buying TIDLOR with a 24 baht target, citing expected second-half 2026 profit growth of up to 25% year on year. Falling oil prices below $100 also ease global bond yields, which helps non-bank finance stocks like TIDLOR by lowering funding cost pressure.
This gives a concrete earnings reason for optimism and links lower oil prices to easier rate conditions for TIDLOR.
Thailand outlook upgrade supports rate-sensitive stocks Fitch upgraded Thailand's credit outlook to Stable, and Thai bank stocks rose. The 10-year Thai government bond yield fell to 2.26%, which is good for rate-sensitive stocks. TIDLOR was named a preferred pick at 25 baht, helping its shares.
A sovereign rating upgrade and falling local bond yields improve the backdrop for TIDLOR as a rate-sensitive lender.

August 202621 Jul – 4 Oct 2026

▲4

TIDLOR gains as rate fears ease and analysts turn bullish

Rate-hike fears fade, lifting finance stocks US jobs data missed forecasts, cutting the chance of a Fed rate hike in October to 22.7% from 64.2% a week earlier. Lower rate pressure helps TIDLOR because its borrowing costs stay in check and its shares look more attractive. All 16 analysts now recommend buying TIDLOR, with Kasikorn raising profit forecasts and setting a 24.40 baht target.
This is the latest and strongest new catalyst, directly easing the main pressure on TIDLOR and prompting unanimous analyst support.
Maybank names TIDLOR a top consumer-finance pick Maybank raised its 2026 SET target to 1,590 points and highlighted consumer finance as a standout group, with TIDLOR, KTC, and MTC as top picks because valuations look attractive again. This draws investor attention to TIDLOR and supports demand for its shares.
A major broker explicitly recommends TIDLOR, which can attract new buyers and support the share price.
Pie Securities sees strong H2 profit growth Pie Securities recommends buying TIDLOR with a 24 baht target, citing expected second-half 2026 profit growth of up to 25% year on year. Falling oil prices below $100 also ease global bond yields, which helps non-bank finance stocks like TIDLOR by lowering funding cost pressure.
This gives a concrete earnings reason for optimism and links lower oil prices to easier rate conditions for TIDLOR.
Thailand outlook upgrade supports rate-sensitive stocks Fitch upgraded Thailand's credit outlook to Stable, and Thai bank stocks rose. The 10-year Thai government bond yield fell to 2.26%, which is good for rate-sensitive stocks. TIDLOR was named a preferred pick at 25 baht, helping its shares.
A sovereign rating upgrade and falling local bond yields improve the backdrop for TIDLOR as a rate-sensitive lender.

Latest21 Jul – 4 Oct 2026

▲4

TIDLOR gains as rate fears ease and analysts turn bullish

Rate-hike fears fade, lifting finance stocks US jobs data missed forecasts, cutting the chance of a Fed rate hike in October to 22.7% from 64.2% a week earlier. Lower rate pressure helps TIDLOR because its borrowing costs stay in check and its shares look more attractive. All 16 analysts now recommend buying TIDLOR, with Kasikorn raising profit forecasts and setting a 24.40 baht target.
This is the latest and strongest new catalyst, directly easing the main pressure on TIDLOR and prompting unanimous analyst support.
Maybank names TIDLOR a top consumer-finance pick Maybank raised its 2026 SET target to 1,590 points and highlighted consumer finance as a standout group, with TIDLOR, KTC, and MTC as top picks because valuations look attractive again. This draws investor attention to TIDLOR and supports demand for its shares.
A major broker explicitly recommends TIDLOR, which can attract new buyers and support the share price.
Pie Securities sees strong H2 profit growth Pie Securities recommends buying TIDLOR with a 24 baht target, citing expected second-half 2026 profit growth of up to 25% year on year. Falling oil prices below $100 also ease global bond yields, which helps non-bank finance stocks like TIDLOR by lowering funding cost pressure.
This gives a concrete earnings reason for optimism and links lower oil prices to easier rate conditions for TIDLOR.
Thailand outlook upgrade supports rate-sensitive stocks Fitch upgraded Thailand's credit outlook to Stable, and Thai bank stocks rose. The 10-year Thai government bond yield fell to 2.26%, which is good for rate-sensitive stocks. TIDLOR was named a preferred pick at 25 baht, helping its shares.
A sovereign rating upgrade and falling local bond yields improve the backdrop for TIDLOR as a rate-sensitive lender.