KKP Dime Securities stated that bank stocks are another reliable channel for generating consistent returns. The firm developed an investment model using Dollar-Cost Averaging (DCA), investing 2,000 baht monthly in bank stocks on the 25th of each month.
Based on data from set.or.th (as of November 25, 2024), covering a five-year period from December 25, 2019, to November 25, 2024, the analysis found that TISCO Financial Group Public Company Limited (SET: TISCO) had the highest dividend yield. However, in terms of overall profitability, the top-performing bank stock was TMBThanachart Bank Public Company Limited (SET: TTB).
- TISCO ranks first with dividend payouts of 35,384 baht and gains from share price of 38,401 baht, for a total return of 73,785 baht.
- As for TTB, which ranked second, it has dividend payouts of 26,914 baht and gains from share price of 69,810 baht, totaling 96,724 baht.
- In third place is Kiatnakin Phatra Bank Public Company Limited (SET: KKP), which recorded dividend payouts of 21,001 baht and gains from share price of 7,073 baht, amounting to a total return of 28,074 baht.
- Krung Thai Bank Public Company Limited (SET: KTB) takes fourth place, with dividend payouts of 16,297 baht and gains from share price of 70,333 baht, contributing to a total return of 86,630 baht.
- Meanwhile, Bangkok Bank Public Company Limited (SET: BBL) ranks fifth with dividend payouts of 14,206 baht and gains from share price of 31,437 baht, resulting in a total return of 45,643 baht.
- Kasikornbank Public Company Limited (SET: KBANK) comes in sixth, with dividend payouts of 13,580 baht and gains from share price of 39,660 baht, yielding a total return of 53,240 baht.
- Bank of Ayudhya Public Company Limited (SET: BAY) ranks seventh, with dividend payouts of 9,815 baht, though it experienced losses from share price of -5,868 baht, leading to a total return of 3,947 baht.
- Lastly, LH Financial Group Public Company Limited (SET: LHFG) reported dividend payouts of 7,608 baht but losses from share price of -25,011 baht, resulting in a negative total return of -17,403 baht.
