On Monday, the share price of SCB X Public Company Limited (SET: SCB) at the time of 11.41 a.m. was at THB 129.00, a THB 0.50 or 0.39% increase with a total trading value of THB 256.53 million.
The recent surge on SCB share price was fueled by speculative buying from investors looking to capture the interim dividend recently approved by the bank’s board.
SCB announced an interim dividend from retained earnings at a rate of THB 2.00 per share. The ex-dividend (XD) date was set on September 2, 2025, with the record date set for September 3, 2025, and dividend payment scheduled for September 19, 2025.
Phillip Securities (Thailand) stated in an analysis that SCB, in partnership with WeBank and Kakao Bank, is one of three consortiums granted a license to operate a Virtual Bank in Thailand.
SCB aims for its soon-to-launch Virtual Bank to become the most popular choice among consumers. The bank will leverage partners’ experience, which have successful track records of providing innovative, user-friendly, and customer-centric financial products.
SCB also plans to integrate AI technologies for enhanced services, focusing on providing access to financially underserved communities and helping informal-sector debtors rejoin the formal banking ecosystem.
Phillip Securities maintains its recommendation to gradually “Buy” SCB shares, with a target price of THB 124. While SCB’s current share price trades above its fundamental valuation, the stock remains attractive thanks to its dividend, which yields approximately 1.6%, as well as growth potential stemming from its new business ventures.
