THANI profit jumps, dividend paid, credit rating upgraded
Q2 profit up 29% on lower costs and bad-loan provisions THANI's second-quarter profit rose 29% to about 360 million baht. Funding costs fell 26% and money set aside for bad loans dropped 70%, meaning customers repaid better and borrowing got cheaper. Lower expenses directly lift profit, which supports the share price.
The earnings jump is the core new fact driving the stock and confirms the improving trend.
New truck lending push targets 17 billion baht THANI is expanding into new truck loans to restart loan growth, aiming for 17 billion baht of new lending this year. First-half lending already rose about 20% as truck sales grew 24%. More lending means more future income, pushing the price up.
This is the new growth engine that offsets the shrinking loan book and answers why the stock is moving.
Interim dividend of 0.06 baht and high yield The board approved an interim dividend of 0.06 baht per share, payable 22 October 2026. Brokers expect a full-year yield above 6%, helped by a policy of paying at least half of profit. Cash returned to shareholders supports the share price.
The dividend is a concrete new shareholder-return event that supports valuation.
Tris affirms A- rating, upgrades standalone profile Tris Ratings affirmed THANI at A- with a Stable outlook and upgraded its standalone credit strength to a-, citing very strong capital and market leadership in truck and luxury-car lending. A better rating lowers borrowing costs and reassures investors, supporting the price.
The rating action is a new independent confirmation of financial strength that affects funding costs and sentiment.