Chaiyot Jiwangkul, Assistant Director of Securities Analysis at Krungsri Securities (KSS), noted that investors should pay close attention to the current developments regarding Krungthai Card Public Company Limited (SET: KTC).
According to Chaiyot, KTC maintains exceptionally strong fundamentals and consistently delivers stable profits each quarter, typically in the range of 1,000 to 1,800 million baht. The company is recognized as one of the most stable profit generators within the finance group. Furthermore, KTC is now trading at an attractive price-earnings (P/E) ratio of approximately 9 times, reflecting a significant discount compared to earlier periods.
Chaiyot emphasized that the recent sharp decline in KTC’s share price is not related to its underlying business fundamentals. Instead, he attributed the drop to specific, non-operational factors—such as liquidity challenges faced by certain shareholders or forced sales triggered by off-market pledge agreements involving KTC shares.
For investors who remain confident in KTC, Chaiyot suggests that the current share price weakness could represent an opportunity to gradually accumulate the stock. However, he advises that investors wait for signs that the pressure from forced selling is easing before stepping in.
Krungsri Securities maintains a base-case target price for KTC at 58 baht. Chaiyot adds that it is important to monitor KTC’s second quarter 2025 earnings result, to see if profits can remain steady at around 1,800 million baht.
In addition, the Stock Exchange of Thailand (SET) reported nine big-lot transactions of Krungthai Card Public Company Limited (SET: KTC) in the morning session on June 25, 2025, at the amount of 90.5 million shares, totaling THB 1,750 million baht.
The average price is THB 19.34 per share, which is 11.3% below the lowest trading price of today’s session at THB 21.80 per share. KTC closed the morning session at THB 23.10, representing a 7.60% drop.
After the closing of the morning session on Wednesday, KTC has provided clarification regarding the stock movements to its shareholders and stakeholders through the SET that its business fundamentals remain strong. There are no significant events that may affect the company’s operations and financial position. KTC added that the company remains committed to operating with transparency and will inform its shareholders if any material information that may affect the business arises.
