Phillip Securities estimates that KTC will report third-quarter 2026 profit of 2.2 billion baht, up 0.8% from the previous quarter, and expects profit to keep setting new highs, driven by rising lending that will lift interest income and fee income, even as provisions and expenses increase. Year on year, profit is expected to rise 15% on higher interest and fee income, while interest costs and provisions decline. For the first nine months of 2026, profit is expected at 6.6 billion baht, up 16.3% from a year earlier, helped by lower interest costs and provisions and by holding expenses steady. The research house maintains its 2026 profit forecast at 8.5 billion baht, up 9.4% from a year earlier and a continued record high, and keeps its base price target at 45 baht with a Buy recommendation, viewing KTC as still outperforming peers in both lending and card spending growth.
Krungthai Card PCLPhillip Securities maintains Buy with 45 baht target and forecasts record 2026 profit of 8.5 billion baht for KTC.
