Summary · why it matters
Several brokers expect TISCO Financial Group, the first commercial bank to report earnings each quarter, to announce its third-quarter results around mid-October, with profit forecast at approximately 1.76-1.82 billion baht, a slight increase from the same period last year and roughly flat from the previous quarter, with an estimated dividend yield of 6.2% per year. Bank of Ayudhya Securities expects third-quarter net profit of 1.78 billion baht, up 3% year-on-year and 1% quarter-on-quarter, driven by interest income rising 5% year-on-year and 2% quarter-on-quarter on an increase in net interest margin to 4.99%, compared with 4.88% in the third quarter of last year and 4.98% in the second quarter of this year. Trinity Securities expects profit of 1,766 million baht, flat quarter-on-quarter and up 2% year-on-year, maintaining its full-year 2026 profit estimate at 6,861 million baht, up 3% year-on-year, with a hold recommendation and a 2027 target price of 115 baht. Pi Securities maintains its hold recommendation and has revised its fundamental value to 125 baht, expecting third-quarter net profit of 1,761 million baht, up 1.8% year-on-year but down 0.1% quarter-on-quarter, and maintains its full-year 2026 net profit estimate of 5% year-on-year growth. Phillip Securities (Thailand) expects profit of 1.8 billion baht, up 5.3% year-on-year, maintains its full-year 2026 profit estimate at 6.9 billion baht, up 3.2% year-on-year, gives a fundamental price of 131 baht and recommends gradual buying, expecting a dividend of 7.75 baht this year and 8 baht next year, representing dividend yields of 6.2% and 6.4% respectively. DAOL Securities (Thailand) recommends holding with a target price of 125 baht, estimating third-quarter net profit at 1,766 million baht, up 2% year-on-year but flat quarter-on-quarter, and maintains its full-year 2026 profit estimate at 6.9 billion baht, growing 4% year-on-year.
TISCO Financial Group Public Company Limited
Bank of Ayudhya PCL
Trinity Watthana Public Company Limited