Kasikornbank Public Company LimitedKBANK
▲ PositiveCapitalrelevance
CGSI maintains buy rating and raises target price to 253 baht, citing EPS upgrade and high dividend yield.
Impact on stocks 1
Financials
Kasikornbank Public Company LimitedCGSI analysts maintain a buy recommendation on KBANK and raise the target price from 233 baht to 253 baht, after the bank reported second-quarter 2026 net profit of 13.2 billion baht, 5% below the analysts' estimate but 4.7% above Bloomberg consensus. First-half profit accounted for 52% of the original full-year estimate, slightly below expectations due to higher marketing and IT expenses. Total loans grew strongly at 5.1% year-on-year, led by large corporate loans, while NPLs declined to 3.52%. The analysts cut their 2026 EPS estimate by 2.5% to reflect a lower NIM assumption, but raised 2027-2028 EPS on recovering large corporate loan trends and continued growth in mutual fund fee income. The new target price implies a 2026 price-to-book value of 1 time, reflecting the EPS upgrade and a long-term ROE assumption of 10%. KBANK is expected to offer a high dividend yield of 6.0-6.3% in 2026-2028 and EPS growth of 5.0-12.2% per year.
Kasikornbank Public Company LimitedCGSI maintains buy rating and raises target price to 253 baht, citing EPS upgrade and high dividend yield.