Pie Securities issued an analysis of banking stocks, expecting loan growth in the third quarter of 2026 to be flat compared with the previous quarter amid slowing economic activity. It expects loan growth to return in the fourth quarter of 2026 on seasonal factors from exports and accelerating household spending. For third-quarter 2026 results, profits are expected to decline from the same period a year earlier under pressure from lower net interest margins and reduced investment gains. The research team estimates that banking-sector net profit will fall 1% year on year in 2026 and return to growth of about 3% year on year in 2027. On investment strategy, it assigns a market-weight rating to banking stocks and expects an average dividend yield of 5.4% over 2026-2027. It selects KKP as its top pick on stronger profitability, solid asset quality and a high dividend yield, and selects KBANK because of profit growth in 2026-2027, a share price below book value, and the potential for a special dividend that would lift its dividend yield.
Kasikornbank Public Company LimitedPie Securities names KBANK a top pick on 2026-2027 profit growth, below-book valuation, and potential special dividend.
Kiatnakin Phatra Bank Public Company LimitedPie Securities selects KKP as top pick on stronger profitability, solid asset quality, and high dividend yield.
