Risk factor
Very poor trading liquidity
Profitability factor
Solid dividends
About
Asia Sermkij Leasing Public Company Limited is a prominent financial services provider in Thailand, primarily specializing in automotive hire purchase. Its operations are structured across five key segments: Hire Purchase, Leasing, Loan, Factoring, and Insurance Brokerage. The company offers installment-based financing for a wide array of both new and pre-owned vehicles, encompassing private cars and commercial models such as pickups, vans, trucks, and taxis. Beyond vehicle financing, it provides leasing solutions for automobiles and machinery to commercial clients. Its lending portfolio extends to personal loans, sale-and-leaseback arrangements, and floor plan financing, catering to existing hire purchase customers, entrepreneurs, and automotive dealerships. Furthermore, the company offers factoring services to businesses across diverse industries. An ancillary service includes insurance brokerage for its hire purchase and finance lease clientele, alongside vehicle registration and tax renewal assistance. Founded in Bangkok, Thailand, in 1984, Asia Sermkij Leasing is a subsidiary of Chailease Holding Company Limited.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. Specifically, the stock is fairly valued on P/E, overvalued on EV/E
Target Price
The average target price of ASK.BK is 9.7 and suggests 1% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation