Phillip Picks TISCO and TU as Top Stocks, Expects 3Q26 Profit to Grow 5.3%

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Phillip Securities named TISCO and TU as its top stock picks for September 24, 2026, recommending a buy on both. For TISCO, the research team expects third-quarter 2026 profit of 1.8 billion baht, up 5.3% year on year and 3.3% quarter on quarter. Although interest income will decline due to lower loan rates, reduced interest costs and provisioning, together with expected higher fee income, should support profit. It also expects a 2026 dividend of 7.75 baht per share, a dividend yield of 6%, making it the bank with the highest payout ratio in the sector at 90%. As for TU, second-half earnings are expected to keep expanding, helped by lower average raw shrimp prices that support margins in the frozen food business, while tuna costs are expected to peak in the third quarter of 2026 before declining in the fourth quarter of 2026. The company also benefits fully from the suspension of the United Kingdom's import tax on tuna through 2028. After a strong first-half performance, the company raised its 2026 sales growth target to 4-6% from 3-4% and lifted its full-year gross margin target to 19.5-20.5% from 19.0-20.0%, especially for premium pet food and ready-to-eat seafood products that can pass on costs efficiently.

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Financials▲ · 1 stocks
Consumer Staples▲ · 1 stocks
Thai Union Group PCL
TU
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Phillip Securities names TU a top pick, expecting H2 earnings growth and noting it raised its 2026 sales growth and gross margin targets.

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