Analyst model lifts fair value to THB 2.98 for TMBThanachart stock

Published on 10/19/2026 at 00:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A valuation update puts fair value at THB 2.98 on October 14, 2026. TMBThanachart stock heads into October 20 results after THB 5.51 billion Q2 net income.

Valuation and earnings

An analyst model raised fair value to THB 2.98 on October 14, 2026.
TMBThanachart reported THB 5.51 billion in net income for the second quarter of 2026.
The bank scheduled its third-quarter financial statement for October 20, 2026, followed by an analyst meeting.

TMBThanachart, TH0068010Z07, Illustration mit AI erstellt.

TMBThanachart (TH0068010Z07) received a higher fair-value estimate of THB 2.98 on October 14, 2026, as an analyst model shifted its focus toward margins and capital management. Simply Wall St reported that the estimate rose from THB 2.93 to THB 2.98. The update arrived before the bank's scheduled third-quarter results.

Three dates frame the story

TMBThanachart's chronology shows a rising income base alongside the valuation change. On June 30, 2026, net income for the second quarter reached THB 5.51 billion, compared with THB 5.17 billion in the first quarter. The bank disclosed an interim dividend of THB 0.081 per share on August 25, 2026, for the period from January 1 through June 30. On October 14, 2026, the fair-value estimate moved from THB 2.93 to THB 2.98. The company lists the second-quarter report and dividend notice in its investor-relations materials.

What does the valuation imply?

The model's THB 2.98 fair value stood THB 0.04 above the last SET quote of THB 2.94 dated October 15, 2026. The wider consensus picture remained mixed: Investing.com listed 10 Buy, 8 Hold and 2 Sell ratings, with an average 12-month target of THB 2.976.

October 20 results are next

The next scheduled event is the third-quarter financial statement on October 20, 2026, followed by a virtual analyst meeting on the same date. TMBThanachart also lists an earnings call for October 27, 2026. Those dates put the bank's net interest income, credit costs and capital position ahead of the valuation debate.

Last SET price before the results

TMBThanachart was last at THB 2.94 on the SET on October 15, 2026 at 4:36 p.m. ICT. The quote stood within a 52-week range of THB 1.80 to THB 3.18, while market capitalization was THB 279.0 billion on that date.