Thanachart Capital Public Company Limited, or TCAP, has announced a share repurchase program for up to 104.86 million shares, representing 10% of total issued shares, with a budget not exceeding 7.5 billion baht. The buyback will run from 17 August 2026 to 16 February 2027, using the automatic matching method through the Stock Exchange of Thailand's trading system. The move is modeled on the success of TMBThanachart Bank Public Company Limited, or TTB, in which TCAP holds a 24.37% stake. TTB's share buyback program significantly boosted its return on equity, earnings per share, and dividend payout ratio. In the first half of 2026, TTB posted a return on equity of 9.0% and earnings per share of 0.12 baht, compared with 0.10 baht in the same period a year earlier. As for TCAP's financial position as of 31 March 2026, it had unappropriated retained earnings of 71.724 billion baht, liquid assets of 9.079 billion baht, and liabilities due within six months of 2.33 billion baht. Analysts at Dao Securities assess that the buyback will support the share price and limit downside, raising their target price to 82 baht from 68 baht, and expect TCAP to pay a 2026 dividend of 3.60 baht per share, implying a dividend yield of about 5%. Meanwhile, Krungsri Securities has the highest target price at 85 baht. Following the announcement, TCAP's share price surged, hitting an intraday high of 79.00 baht before closing at 78.25 baht, up 7 baht or 9.82%, on turnover exceeding 1.844 billion baht.
Thanachart Capital Public Company LimitedAnnounces 10% share buyback worth 7.5 billion baht, supporting share price and raising target price.
TMBThanachart Bank Public Company LimitedTCAP's buyback is modeled on TTB's successful program, which boosted its ROE, EPS, and dividend payout.