SAWAD's own growth plan and dividend stand out as rate fears ease
SAWAD guides to stronger H2 loan growth and cheaper funding SAWAD said second-half 2026 lending should grow faster than the first half, helped by small traders needing working capital, and expects its borrowing cost to fall to about 4% by year-end after refinancing expensive debt. More loans and cheaper funding both lift profit.
Company guidance on loan growth and funding costs is the clearest new force on future earnings and the stock.
SAWAD pays an interim dividend of 0.35 baht SAWAD declared an interim dividend of 0.35 baht per share, 581.53 million baht in total, from first-half results. The XD date is 6 October 2026 and payment is 21 October 2026. A cash payout supports the shares and shows the business is still generating money.
A newly declared dividend is a concrete cash return to holders and a fresh support for the share price.
Weak US jobs cut the chance of a Fed rate hike US September jobs came in far below forecasts and unemployment rose, so investors cut the odds of a Fed hike in late October to 22.7% from 64.2% a week earlier. Lower rate-hike fear helps rate-sensitive Thai financials like SAWAD, which trades at 0.90 times book value.
This is the newest shift in the interest-rate backdrop that has been the main outside pressure on SAWAD.
Floods seen trimming SAWAD's 2026 earnings about 1% Bualuang Securities estimates the widening floods will cut SAWAD's 2026 earnings by roughly 1%, as borrowers in flooded areas struggle to repay. The hit is small and far below the 2011 floods, but it is a real drag on profit and asset quality.
It is the main new counterweight to the positive company and rate news this period.