On Wednesday, the share price of Krungthai Card Public Company Limited (SET: KTC) at the time of 3.04 p.m. was at THB 31.75, a THB 1.00 or 3.25% increase with a total trading value of THB 773.83 million.
Maybank Securities (Thailand) projects a robust outlook for KTC’s performance in 2Q26, while setting a strategic target price at THB 38. Although KTC has delivered a negative return of 8.3% compared to the SET Index, which increased by 3.6% since the onset of the Middle East conflict, this trend contrasts with the company’s continuing business strength. Furthermore, the company sees only limited impact from the volatility in energy prices.
Meanwhile, the valuation of KTC is considered highly attractive, as its price-to-earnings (P/E) ratio for 2026 stands at just 9.5 times. Maybank also forecasts a high dividend yield of 6 – 7% for 2026 – 2027, which is a key factor enhancing the investment appeal.
