On Wednesday at 11:26 AM (Bangkok time), the share price of Krungthai Card Public Company Limited (SET: KTC) rose by 2.52% or THB 0.75 to THB 30.50, with a trading value of THB 305.71 million.
Phillip Securities (Thailand) expects KTC’s profit in 2026 to reach a new record high, projecting growth both year-on-year and quarter-on-quarter. The main supporting factors are attributed to the increase in interest income, alongside a decrease in interest expenses and operating costs.
In addition, loan growth is anticipated to continue, while net interest margin (NIM) is likely to widen due to the lower cost of funds. Meanwhile, returns from lending are expected to remain largely unaffected by the downward interest rate trend.
Phillip maintains its earnings forecast for KTC, reiterating a ‘Buy’ recommendation, with a target price of THB 40 per share. The brokerage also noted an upside from the current stock price as well as an attractive dividend yield.
