Thai Bank Stocks Face Heavy Sell-Off as Profit Growth Stalls, Dragging Index Down

Earnings
โดย Kaohoon·Read original
Summary · why it matters

The Thai stock market faced heavy selling pressure on banking stocks after second-quarter earnings came in below expectations. The index closed at 1,639.34 points, down 13.63 points, with trading value of 117 billion baht. Kasikornbank reported improved profit compared to a year earlier, but loan growth slowed and net interest margin narrowed. Siam Commercial Bank continued to set aside high provisions to manage retail customer risk amid a slowing domestic economy. Bangkok Bank's first-half profit for 2026 fell 16.2 percent to 20.4 billion baht, with the second quarter down nearly 20 percent. Krung Thai Bank was pressured by delayed government budget disbursements and fee income that fell short of expectations. Krungthai Card, despite solid performance, was sold off on concerns about the third-quarter economy. Asia Aviation faced higher operating costs from aircraft leases and volatile oil prices. Meanwhile, palm oil stocks may see mixed results, as downstream selling prices did not rise as much as hoped while fresh palm fruit purchase costs remain high.

Impact on stocks 6

Financials▼ · 3 stocks
Krungthai Card PCL
KTC
▼ NegativeDemandrelevance

Sold off on concerns about third-quarter economy despite solid performance.

Digital Finance & Tokenization▼ · 2 stocks
Bangkok Bank PCL
BBL
▼ NegativeCapitalrelevance

First-half profit fell 16.2%, second quarter down nearly 20%.

SCB X Public Company Limited
SCB
▼ NegativeCapitalrelevance

Siam Commercial Bank (SCB) continues to set aside high provisions to manage retail customer risk amid a slowing domestic economy, which negatively impacts earnings.

Industrials▼ · 1 stocks
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