Thai Banks Face Pressure From High Household Debt -- Market Talk
Dow Jones
Sep 05
0906 GMT - Thai banks face pressure from high household debt, which poses a challenge to economic recovery and the sector's asset quality in 2H, UOB Kay Hian's Thanawat Thangchadakorn says. He favors large banks with upside catalysts, such as Kasikornbank and Krung Thai Bank, with the former announcing a higher dividend policy and the latter being expected to book a THB9.9 billion investment gain in 3Q. Both could also announce share buyback programs. UOB KH has buy ratings on both banks, with a THB192 target on Kasikornbank and THB30 target on Krung Thai. Kasikornbank and Krung Thai shares are last at THB169 and THB25.50, respectively. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
September 05, 2025 05:06 ET (09:06 GMT)
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