Bank of Ayudhya PCLAnalyst PST recommends buying BAY with a fundamental price of 48 baht and expects payout ratio to increase, raising yield.
Commercial bank stocks remain a flagship group supported by positive economic factors. In September 2026, eight banks are set to mark XD for dividend payments to shareholders. On September 7, three banks will go XD: CIMBT pays 0.0385 baht per share, TISCO pays 2.00 baht per share, and TTB pays 0.081 baht per share. On September 8, SCB pays 2.00 baht per share. On September 9, four banks will go XD: BAY pays 0.60 baht per share, KKP pays 3.25 baht per share, BBL pays 2.00 baht per share, and KBANK pays 2.00 baht per share. Meanwhile, analysts from PST recommend buying BAY with a fundamental price of 48 baht and expect the payout ratio to increase from 30% to 50%, which would raise the yield from 3.3% to 5.5%. KSS notes that KKP's dividend of 3.25 baht per share represents a yield of 2.8%, higher than the research department's forecast of 1.75 baht per share.
Bank of Ayudhya PCLAnalyst PST recommends buying BAY with a fundamental price of 48 baht and expects payout ratio to increase, raising yield.
Kiatnakin Phatra Bank Public Company LimitedKKP's dividend of 3.25 baht per share exceeds forecast, indicating higher yield.
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