Thanachart Capital Public Company Limited, or TCAP, reported second-quarter 2026 net profit of 2.641 billion baht, up 27.8% from a year earlier and 24.4% from the previous quarter, beating market expectations by 24.9%. The main driver was non-interest income, which rose 28.8% from the prior quarter after dividend income jumped to 797 million baht from just 68 million baht in the first quarter. Yuanta Securities raised its 2026 and 2027 net profit forecasts by 10.7% and 12.9% respectively, while maintaining a trading recommendation and setting a new 2027 target price of 85 baht. It noted that downside risk is limited by a 7.5 billion baht share buyback program running from 17 August 2026 to 16 February 2027, and expects a further dividend yield of 4.7%.
Thanachart Capital Public Company LimitedQ2 profit beat expectations, dividend income surged, and a 7.5 billion baht buyback plus raised target price support shares.
