On Wednesday at 10:21 AM (Bangkok time), the share price of Krung Thai Bank Public Company Limited (SET: KTB) rose by 0.82% or THB 0.20 to THB 24.50, with a trading value of THB 921.86 million.
The Stock Exchange of Thailand (SET), in collaboration with two major brokerage firms, kicked off the ‘Thailand Focus 2025’ event on Wednesday. The event sees the participation of around 500 international fund managers, as well as top executives from several large listed companies.
Analysts from various brokerages believe Krung Thai Bank (KTB) are among those poised to benefit from this event, alongside other big-cap stocks that have led the market this morning on speculative buying.
Kasikorn Securities (KS) gives a ‘Buy’ rating on KTB, with a target price of THB 26.50 per share. The analyst sees a positive outlook on the bank’s earnings for the second half of 2025, expecting improvement half-on-half, supported by a continued decline in credit costs and investment gains from THAI, alongside possible short-term profit boosts from potential reversals of expected credit losses (ECL) in the latter half of the year.
Moreover, KTB is seen as having room to increase its dividend payout ratio. Management is currently considering an appropriate payout level that would deliver satisfactory returns for shareholders, as well as the possibility of future share buybacks. Kasikorn Securities maintains the assumption of a 50% dividend payout ratio, with every 5% increase in the payout ratio expected to enhance dividend yield by an additional 70 basis points per year.
