TISCO Securities has raised its fair value for TMBThanachart Bank, or TTB, to 3.30 baht and maintained a buy rating, after lifting its 2026 to 2028 profit forecasts by 7 to 11 percent on strong second-quarter 2026 results. It also expects the dividend payout ratio to rise to 85 percent this year after the share buyback program ends. TISCO projects TTB will pay a dividend per share of 0.20 baht for three consecutive years, implying a dividend yield of about 7 percent, the highest among banks under TISCO coverage. TTB shares rebounded 2.86 percent to 2.88 baht after ING sold a big-lot stake at 2.64 baht, a 9 percent discount.
TMBThanachart Bank Public Company LimitedTISCO raises TTB's target price and buy rating, citing strong Q2 results and higher dividend yield.
ING Groep NVING sold a big-lot stake at a 9% discount, indicating a divestment.
TISCO Financial Group Public Company Limited