Pi Securities expects 8 banks to pay high interim dividends, with SCB, KKP, and TISCO yielding over 6%

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Summary · why it matters

Pi Securities assesses that eight commercial banks will pay high interim dividends, with the full-year average dividend yield for the banking group expected at 5.7%, excluding special dividends. Thanadech Rungsrithananon, Director of Research at Pi Securities, notes that SCB, KKP, and TISCO will have dividend yields of no less than 6%. SCB is expected to pay 10.42 baht per share for the full year, representing 6.8%. KKP is expected to pay 7.50 baht per share, representing 6.3%. TISCO is expected to pay 7.75 baht per share, representing 6%. For BBL, despite a decline in profit, it is still expected to pay the same 10 baht per share for the full year, representing 5.3%. KBANK is expected to pay 12 baht per share for the full year, representing 5.1%. Meanwhile, KTB is expected to pay 2.09 baht per share, representing 5%. TTB is expected to pay 0.13 baht per share, representing 4.6%. CREDIT is expected to pay 1.05 baht per share, representing 4.5%. BAY is expected to pay 1.40 baht per share, representing 3.5%. Regarding the profit trend for the second half of the year, Thanadech views that if capital market income is excluded, profits will not be spectacular, as net interest margins are starting to stabilize and loans may rise slightly in line with private sector investment.

Impact on assets 9

Financials▲ · 7 stocks
Bank of Ayudhya PCL
BAY
▲ PositiveCapitalrelevance

Expected dividend yield of 3.5% for BAY, though lower than peers, still positive for income investors.

Thai Credit Pcl
CREDIT
▲ PositiveCapitalrelevance

Expected dividend yield of 4.5% for CREDIT, supporting shareholder returns.

Digital Finance & Tokenization▲ · 2 stocks
Bangkok Bank PCL
BBL
▲ PositiveCapitalrelevance

Expected to maintain 10 baht dividend per share, yielding 5.3% despite profit decline.