Krungsri Securities recommends buying shares of Krungthai Card Public Company Limited, or KTC, with a 2027 target price of 54 baht, and has selected it as a top pick in the consumer finance group, citing its strong balance sheet and attractive dividend, with an expected dividend yield of 5-6% per year. It also expects net profit in 2026 to set a new high following 2025, while the company is in the process of building new businesses, both debt collection and insurance sales, which will drive future revenue. For third-quarter 2026 results, the research team expects net profit of 2.16 billion baht, up 11% year on year, driven by higher interest income as financial costs decline and lower loan-loss provisions, or ECL. Compared with the previous quarter, however, profit will fall 3% on higher operating expenses. The NPL ratio is expected at 1.90%, up slightly from 1.86% in the second quarter of 2026. As for fourth-quarter 2026 profit trends, it is expected to rise year on year and hold steady quarter on quarter on higher total loans during the year-end festive season, though this will be offset by increased operating expenses. Full-year 2026 net profit is expected at 8.746 billion baht, up from 7.782 billion baht in 2025.
Krungthai Card PCLKrungsri Securities recommends buying KTC with a 54 baht target price, citing strong balance sheet, 5-6% dividend yield, and expected record 2026 net profit
Bank of Ayudhya PCL