Nex Capital Public Company Limited, or NCAP, reported a second-quarter 2026 net profit of 197 million baht, up 34.1% from a year earlier and 9.7% from the previous quarter, marking a new all-time high. Net interest income came in at 395 million baht, a 4.8% increase from the prior quarter, driven by a 3.8% acceleration in total loans and a net interest margin that widened to 12.2%. The cost-to-income ratio improved to 31.5%, while asset quality remained well under control, with Stage 3 loans declining to 1.3% and a high coverage ratio of 285.1%. Yuanta Securities' research team noted that first-half 2026 net profit accounted for 46.1% of its full-year forecast and expects stronger growth in the second half, supported by multiple factors. The broker maintains its full-year 2026 net profit estimate at 816 million baht, representing 47.0% growth, and a 2027 fair value of 6.00 baht per share, implying 47.1% upside from the current price, while reiterating a buy recommendation.
Next Capital Public Company LimitedRecord Q2/26 profit and broker's buy rating with 47.1% upside
