Krungsri Securities issued an analyst note on TISCO Financial Group Public Company Limited, or TISCO, maintaining its REDUCE recommendation and a target price of 115 baht. It noted that the stock has risen 13% since the start of the year and now trades at a forward price-to-book value of 2.4 times, or two standard deviations above the mean, which already reflects its strength in sustaining dividend payouts at an annual dividend yield of 6.2%. TISCO shares were last at 127.00 baht, up 1.50 baht, or 1.20%, with trading value of 105.95 million baht. For third-quarter 2026 net profit, the brokerage expects 1.78 billion baht, up 3% year on year and 1% quarter on quarter, driven by an increase in net interest margin, total loans, and fee income, as well as the absence of a large special provision like the one in the third quarter of 2025. Asset quality is being managed well, with the non-performing loan ratio at 2.12%, unchanged from the second quarter of 2026.
TISCO Financial Group Public Company LimitedKrungsri maintains REDUCE rating with 115 baht target, noting the 13% YTD rally leaves TISCO trading at 2.4x forward P/B, two standard deviations above the mean.
