By Crystal Hsu / Staff reporterChailese Holding Co (中租控股), the nation’s top leasing services provider, is standing by its loan growth target for this year, after first-quarter revenue and profit hit record highs for the period. The Taipei-based company has set its overall loan growth target at 10 percent for this year, whereas loan growth in China and ASEAN markets might see a pickup of 15 to 20 percent from last year. In the first quarter, the company registered loan growth of 11.4 percent in Taiwan, 32.4 percent in China and 21.7 percent in the ASEAN region. In an investment note on Thursday last week, Capital Investment maintained its 12-month target price for Chailease’s shares at NT$125, valuing the stock at 13.75 times its estimated earnings per share of NT$9.09 this year. “We see further upside to the valuation of Chailease,” Capital Investment analyst Sean Yang (楊軒一) said in the note.

Source: Taipei Times May 13, 2018 15:56 UTC