KTB shares, or Krungthai Bank, closed the morning session at 44.25 baht, up 1.00 baht or 2.31%, boosted by the announcement of an interim dividend of 0.48 baht per share, which was higher than the market and broker analyst estimates had expected. This triggered lively speculative buying to capture the dividend. Meanwhile, some brokers such as KSS and ttb raised their net profit forecasts and lifted their target price to a high of 55.00 baht with a buy recommendation, viewing KTB as having a strong financial position, with this interim dividend payout reflecting good profitability and cash flow. There is also momentum from capital flows into the commercial banking sector, as the group offers an attractive dividend yield and stability during volatile markets.
Krung Thai Bank Public Company LimitedKTB announced an interim dividend of 0.48 baht per share, above market and analyst estimates, and brokers raised profit forecasts and target price to 55 baht with a buy rating.
TMBThanachart Bank Public Company Limited