On Tuesday at 10:10 AM (Bangkok time), the share price of Krung Thai Bank Public Company Limited (SET: KTB) rose by 1.25% or THB 0.30 to THB 24.30, with a trading value of THB 203.20 million.
Kasikornbank Public Company Limited (SET: KBANK) grew by 0.31% or THB 0.50 to THB 163.00, with a trading value of THB 397.46 million.
Krungsri Securities (KSS) has chosen KTB and KBANK as the top-pick stocks in the banking sector, based on the projection that both companies will post the most outstanding earnings in the first quarter of 2025 among banks.
KTB is expected to benefit from government budget allocation, which will boost public sector lending and improve operational performance. Additionally, non-performing loans (NPLs) are anticipated to decrease or stabilize from the fourth quarter of 2024.
Similarly, KBANK’s profit in 1Q25 will likely be bolstered by a downward trend in NPLs. Moreover, the analyst pointed out that KTB and KBANK are considered high-yield dividend stocks in the banking sector.
