← Bank of Communications overview

Bank of Communications vs Thanachart Capital: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Bank of Communications Co (601328.CG)

Q3 2026
▲2▼2

Bank of Communications: strong H1 profit and dividend offset by weak loan demand

  • H1 profit growth and higher dividend Bank of Communications reported first-half net profit of 47.874 billion yuan, up 4.04% year on year, with revenue up 6.73%. It also plans a cash dividend of 0.168 yuan per share, a 31% payout. This shows the bank is growing and returning more cash to shareholders, which supports the share price.

    This is the main new positive event that directly boosts investor confidence and the stock's appeal.

  • Capital strengthened with cheap bond issuance The bank issued 40 billion yuan of tier-2 capital bonds at a low 1.89% coupon. This raises its capital buffer, which helps it absorb losses and supports future lending. The low rate also signals strong demand for its debt, a sign of financial health.

    This new capital raise directly improves the bank's financial strength and is a positive driver.

  • Rising personal loan defaults Personal loan defaults in China hit a record high. Bank of Communications' personal loan bad-debt ratio rose 0.5 percentage points to 1.58%. More borrowers falling behind means the bank may have to set aside more money for losses, which eats into profit and weighs on the stock.

    This is a new negative development that directly affects the bank's asset quality and profitability.

  • Weak loan demand and rate caps pressure revenue China's big banks saw weak loan demand in July, with new loans turning negative. Also, a 12% cap on personal loan rates for Bank of Communications limits how much it can charge. Both factors make it harder for the bank to grow revenue, which could hold back the share price.

    This new regulatory cap and weak demand are headwinds that could limit future profit growth.

August 2026
▲2▼2

Bank of Communications: strong H1 profit and dividend offset by weak loan demand

  • H1 profit growth and higher dividend Bank of Communications reported first-half net profit of 47.874 billion yuan, up 4.04% year on year, with revenue up 6.73%. It also plans a cash dividend of 0.168 yuan per share, a 31% payout. This shows the bank is growing and returning more cash to shareholders, which supports the share price.

    This is the main new positive event that directly boosts investor confidence and the stock's appeal.

  • Capital strengthened with cheap bond issuance The bank issued 40 billion yuan of tier-2 capital bonds at a low 1.89% coupon. This raises its capital buffer, which helps it absorb losses and supports future lending. The low rate also signals strong demand for its debt, a sign of financial health.

    This new capital raise directly improves the bank's financial strength and is a positive driver.

  • Rising personal loan defaults Personal loan defaults in China hit a record high. Bank of Communications' personal loan bad-debt ratio rose 0.5 percentage points to 1.58%. More borrowers falling behind means the bank may have to set aside more money for losses, which eats into profit and weighs on the stock.

    This is a new negative development that directly affects the bank's asset quality and profitability.

  • Weak loan demand and rate caps pressure revenue China's big banks saw weak loan demand in July, with new loans turning negative. Also, a 12% cap on personal loan rates for Bank of Communications limits how much it can charge. Both factors make it harder for the bank to grow revenue, which could hold back the share price.

    This new regulatory cap and weak demand are headwinds that could limit future profit growth.

Latest
▲2▼2

Bank of Communications: strong H1 profit and dividend offset by weak loan demand

  • H1 profit growth and higher dividend Bank of Communications reported first-half net profit of 47.874 billion yuan, up 4.04% year on year, with revenue up 6.73%. It also plans a cash dividend of 0.168 yuan per share, a 31% payout. This shows the bank is growing and returning more cash to shareholders, which supports the share price.

    This is the main new positive event that directly boosts investor confidence and the stock's appeal.

  • Capital strengthened with cheap bond issuance The bank issued 40 billion yuan of tier-2 capital bonds at a low 1.89% coupon. This raises its capital buffer, which helps it absorb losses and supports future lending. The low rate also signals strong demand for its debt, a sign of financial health.

    This new capital raise directly improves the bank's financial strength and is a positive driver.

  • Rising personal loan defaults Personal loan defaults in China hit a record high. Bank of Communications' personal loan bad-debt ratio rose 0.5 percentage points to 1.58%. More borrowers falling behind means the bank may have to set aside more money for losses, which eats into profit and weighs on the stock.

    This is a new negative development that directly affects the bank's asset quality and profitability.

  • Weak loan demand and rate caps pressure revenue China's big banks saw weak loan demand in July, with new loans turning negative. Also, a 12% cap on personal loan rates for Bank of Communications limits how much it can charge. Both factors make it harder for the bank to grow revenue, which could hold back the share price.

    This new regulatory cap and weak demand are headwinds that could limit future profit growth.

Thanachart Capital Public Company Limited (TCAP.BK)

Q3 2026
▲4

TCAP buyback, strong Q2 profit and higher dividend drive 30-year high

  • 7.5B baht buyback lifts shares to 30-year high TCAP announced a 7.5 billion baht share buyback (up to 10% of shares) running Aug 2026–Feb 2027. Buying back stock reduces shares outstanding, boosting earnings per share and return on equity, and signals confidence in excess cash. The stock jumped to a near 30-year high on the news.

    The buyback is the single biggest new capital action driving the stock's surge and is central to why TCAP is moving.

  • Q2 profit jumps 28%, beating estimates TCAP reported Q2 2026 net profit of 2.64 billion baht, up 28% year-on-year and 23-25% above market expectations. The beat came from higher non-interest income (especially dividends) and lower credit-loss provisions as asset quality at THANI held up. This supports higher future earnings and share price.

    The earnings beat is a fresh fundamental catalyst that directly raised profit forecasts and target prices.

  • Interim dividend raised to 1.50 baht, beating forecasts TCAP declared an interim dividend of 1.50 baht per share (up from 1.30 baht last year), higher than the 1.35 baht analysts expected. The dividend yield of about 1.7% for the half and 5.7-6% for the full year attracts income-focused investors, supporting the share price.

    The higher-than-expected dividend is a new cash return event that directly boosts shareholder income and demand for the stock.

  • Brokers upgrade TCAP to Buy with 105 baht target After the profit beat and dividend hike, brokers raised 2026-27 profit forecasts by 16-20% and upgraded TCAP to Buy with targets up to 105 baht. They cite better non-interest income, lower provisions, a higher payout ratio (57.5%) and the buyback lifting ROE to 10.4% by end-2027.

    Analyst upgrades and raised targets reflect improved fundamentals and can pull in more buyers, pushing the price up.

August 2026
▲4

TCAP buyback, strong Q2 profit and higher dividend drive 30-year high

  • 7.5B baht buyback lifts shares to 30-year high TCAP announced a 7.5 billion baht share buyback (up to 10% of shares) running Aug 2026–Feb 2027. Buying back stock reduces shares outstanding, boosting earnings per share and return on equity, and signals confidence in excess cash. The stock jumped to a near 30-year high on the news.

    The buyback is the single biggest new capital action driving the stock's surge and is central to why TCAP is moving.

  • Q2 profit jumps 28%, beating estimates TCAP reported Q2 2026 net profit of 2.64 billion baht, up 28% year-on-year and 23-25% above market expectations. The beat came from higher non-interest income (especially dividends) and lower credit-loss provisions as asset quality at THANI held up. This supports higher future earnings and share price.

    The earnings beat is a fresh fundamental catalyst that directly raised profit forecasts and target prices.

  • Interim dividend raised to 1.50 baht, beating forecasts TCAP declared an interim dividend of 1.50 baht per share (up from 1.30 baht last year), higher than the 1.35 baht analysts expected. The dividend yield of about 1.7% for the half and 5.7-6% for the full year attracts income-focused investors, supporting the share price.

    The higher-than-expected dividend is a new cash return event that directly boosts shareholder income and demand for the stock.

  • Brokers upgrade TCAP to Buy with 105 baht target After the profit beat and dividend hike, brokers raised 2026-27 profit forecasts by 16-20% and upgraded TCAP to Buy with targets up to 105 baht. They cite better non-interest income, lower provisions, a higher payout ratio (57.5%) and the buyback lifting ROE to 10.4% by end-2027.

    Analyst upgrades and raised targets reflect improved fundamentals and can pull in more buyers, pushing the price up.

Latest
▲4

TCAP buyback, strong Q2 profit and higher dividend drive 30-year high

  • 7.5B baht buyback lifts shares to 30-year high TCAP announced a 7.5 billion baht share buyback (up to 10% of shares) running Aug 2026–Feb 2027. Buying back stock reduces shares outstanding, boosting earnings per share and return on equity, and signals confidence in excess cash. The stock jumped to a near 30-year high on the news.

    The buyback is the single biggest new capital action driving the stock's surge and is central to why TCAP is moving.

  • Q2 profit jumps 28%, beating estimates TCAP reported Q2 2026 net profit of 2.64 billion baht, up 28% year-on-year and 23-25% above market expectations. The beat came from higher non-interest income (especially dividends) and lower credit-loss provisions as asset quality at THANI held up. This supports higher future earnings and share price.

    The earnings beat is a fresh fundamental catalyst that directly raised profit forecasts and target prices.

  • Interim dividend raised to 1.50 baht, beating forecasts TCAP declared an interim dividend of 1.50 baht per share (up from 1.30 baht last year), higher than the 1.35 baht analysts expected. The dividend yield of about 1.7% for the half and 5.7-6% for the full year attracts income-focused investors, supporting the share price.

    The higher-than-expected dividend is a new cash return event that directly boosts shareholder income and demand for the stock.

  • Brokers upgrade TCAP to Buy with 105 baht target After the profit beat and dividend hike, brokers raised 2026-27 profit forecasts by 16-20% and upgraded TCAP to Buy with targets up to 105 baht. They cite better non-interest income, lower provisions, a higher payout ratio (57.5%) and the buyback lifting ROE to 10.4% by end-2027.

    Analyst upgrades and raised targets reflect improved fundamentals and can pull in more buyers, pushing the price up.