Phillip reiterates THB 46.00 target for Krungthai stock

Published on 10/20/2026 at 20:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phillip sees THB 12.30 billion third-quarter profit, down 16.10 percent year over year. Krungthai stock costs EUR 1.13 on October 20, 2026.

Analyst target and reporting date

Phillip Securities reiterated a THB 46.00 target on September 24, 2026.
Third-quarter net profit was projected at THB 12.30 billion, down 16.10 percent year over year.
Krungthai stock costs EUR 1.13 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST.
Krungthai's next scheduled financial statement date is November 16, 2026.

Krungthai, TH0150010Z11, Illustration mit AI erstellt.

Krungthai (ISIN TH0150010Z11) is heading into its third-quarter reporting date with Phillip Securities reiterating a THB 46.00 target on September 24, 2026. The brokerage projected net profit of THB 12.30 billion for the third quarter, down 16.10 percent year over year, while expecting a 1.20 percent quarterly increase, as Kaohoon International reported. Krungthai stock was trading at EUR 1.13 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST.

Loan growth tests the target

Phillip expects Krungthai's loan book to grow 3.00 percent from the second quarter to the third quarter of 2026. That would lift loan growth from the end of 2025 to 6.60 percent, the highest rate among its banking peers in the brokerage's September 24, 2026 assessment. The same forecast puts full-year 2026 net profit at THB 48.90 billion, up 1.40 percent from 2025.

SET price stays below the yearly high

Krungthai last traded at THB 43.25 on the SET on October 20, 2026, against a 52-week range of THB 25.25 to THB 46.00. The current SET price is 5.98 percent below the yearly high and 71.29 percent above the yearly low. Market capitalization stood at THB 604.5 billion, with a price-to-earnings ratio of 12.08 and volume of 55,982,294 shares on the same date.

What does the target imply?

Phillip's THB 46.00 target lies 6.36 percent above the October 20, 2026 SET price of THB 43.25. The brokerage also projected a 2026 dividend of THB 2.10 per share and a 4.70 percent yield, followed by THB 2.21 and a 4.90 percent yield in 2027.

Comparison with peers

Krungthai: minus 1.70 percent, price-to-earnings ratio 12.08, market capitalization THB 604.5 billion.
Kasikornbank (SET, THB): minus 1.27 percent, price-to-earnings ratio 10.78, market capitalization THB 554.4 billion.
Bangkok Bank (SET, THB): minus 1.08 percent, price-to-earnings ratio 8.29, market capitalization THB 348.4 billion.

Krungthai's investor-relations calendar lists November 16, 2026 as the last day to release its reviewed financial statement for the third quarter of 2026, according to the Krungthai Bank investor-relations page.

Price and reporting date

The upcoming statement gives the loan-growth forecast a near-term test, while the SET quotation remains below both the analyst target and the 52-week high. The euro quotation was trading at EUR 1.13 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Krungthai stock.