Phillip Picks KBANK for Outstanding Dividends in 2026, Expected to Pay 15 Baht

thunhoon.com··TH·Read original
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Phillip Securities (Thailand) forecasts dividend payments for commercial bank stocks in the second half of the year, along with full-year 2026 dividend estimates. It notes that most banks have already announced interim dividends for the first half, except for KTB, which has yet to announce. BBL, KBANK, SCB, and TISCO paid the same as last year at 2 baht per share, while BAY, KKP, TCAP, and TTB paid higher than the previous year. The research department projects full-year dividends for each bank, with KBANK standing out the most, expected to pay 13.00 baht per share in the second half, bringing the full-year total to 15.00 baht per share, representing a dividend yield of 6.0%. Meanwhile, SCB is expected to pay 10.66 baht per share for the full year, with a dividend yield of 7.0%, and TISCO is expected to pay 7.75 baht per share, with a dividend yield of 6.1%. The research department maintains a market-weight rating on the banking group. Although NPLs may increase, loan growth remains, and stable interest rates help improve net interest margins. It selects KBANK as the top pick, recommending gradual accumulation with a fundamental price of 261 baht, given expectations of the highest dividend payout in the group and the possibility of additional special dividends.

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