Krungthai Card Public Company Limited, or KTC, reported a net profit of 2.225 billion baht for the second quarter of 2026, an increase of 17.1% from the same period last year, and a first-half profit of 4.397 billion baht, up 17.4%, supported by higher net interest margins and lower credit costs. Total revenue in the second quarter of 2026 was stable at 6.834 billion baht, while total expenses fell 6.9% to 4.040 billion baht. Asset quality remained strong, with total NPLs at 1.86%, down from the previous quarter. Maybank Securities Thailand raised its net profit forecasts for 2026 to 2028 by 3 to 5% and maintained a buy recommendation, lifting the target price to 48 baht.
Krungthai Card PCLKTC reported higher net profit, lower credit costs, and improved NPL ratio; analyst raised forecasts and target price.
Maybank Securities (Thailand) PCL