Krungsri Securities recommends buying shares of Krungthai Card Public Company Limited, or KTC, with a 2027 target price of 54 baht, and selects it as a top pick in the consumer finance group because of its balance sheet strength and attractive dividends, with an expected dividend yield of 5 to 6 percent. It also expects 2026 net profit to set a new record high after the previous year. Krungsri Research expects 2026 operating results to show profit of 8.746 billion baht, up 12 percent from the previous year, and 2027 profit of 8.999 billion baht, up 3 percent. It sees full-year 2026 provisioning expenses, or credit cost, at 5.0 to 5.3 percent, compared with 5.0 percent in the first half of 2026. Meanwhile, the credit card business saw first-half card spending grow 4.7 percent this year, better than the industry's 2.7 percent growth. The insurance business is in the process of applying for a digital insurance license, with approval expected in the fourth quarter of 2026. KTC shares traded today at 37.75 baht, up 0.25 baht or 0.67 percent, with turnover of 220.34 million baht.
Krungthai Card PCLKrungsri Securities recommends buying KTC with a 54 baht target price and expects record 2026 profit.
