Bank stocks continue rebound as brokers raise targets, citing low book value and attractive dividends

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โดย Kaohoon·Read original
Summary · why it matters

Thai commercial bank stocks extended their rebound after analysts raised target prices and earnings estimates. KTB was at 42.25 baht, up 0.60 percent, BBL at 189 baht, up 1.07 percent, KBANK at 237 baht, up 1.28 percent, SCB at 153 baht, up 0.33 percent, and TTB at 2.92 baht, up 0.69 percent. Analysts at Krungsri Securities raised their net profit forecasts for the banking sector in 2026 and 2027 by 2.6 percent and 4.2 percent to 221 billion baht and 229 billion baht, respectively, and rolled forward to 2027 target prices. They picked KBANK and KTB as top picks, recommending buy on KBANK with a target of 300 baht and buy on KTB with a target of 55 baht. Meanwhile, BBL and TTB were upgraded to buy with targets of 225 baht and 3.50 baht, while SCB was rated hold with a target of 155 baht. KKP was rated buy with a target of 145 baht, and TISCO was downgraded to reduce with a target of 115 baht. The sector is also expected to pay high dividend yields of 5 to 6 percent for 2026, supported by strong capital positions and no major investment plans. The research team maintained a positive view on the sector, expecting 2027 ROE to improve as the rate-cutting cycle ends and a government investment cycle worth over 8 trillion baht resumes, along with growth in wealth management. Bank stocks are trading at a PBV of just 0.9 times, below historical averages and below ASEAN peers.

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Financials± Mixed · 5 stocks
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Bangkok Bank PCL
BBL
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Analysts raised target prices and upgraded BBL to buy with target of 225 baht, citing low book value and attractive dividends.

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