Gather investment advice on KBANK stocks from 15 brokers, recommending hold and buy. Giving a base target price of 1129-155 baht per share after opening the first quarter ’67 budget, the most outstanding performance in the group.
Gather investment advice on KBANK stocks from 15 brokers, recommending hold and buy. Giving a base target price of 1129-155 baht per share after opening the first quarter ’67 budget, the most outstanding performance in the group.
Reporters report stock prices Kasikorn Bank Public Company Limited and KBANK in intraday trading this morning (24 April 2024) did not change much at 10:57 am at 125.00 baht, equal to the closing price of yesterday’s business day. Trading value 231.52 million baht
Although there are continued positive factors such as The first quarter results were good with a net profit of 3,486 million baht, an increase of 43.65% from the same period last year. The highest in the banking group Moreover, earlier this week there were reports that Gulf Energy Development Public Company Limited or GULF has come to invest in financial management. And recently, the Southern Bangkok Civil Court also ruled that Stark Corporation Public Company Limited or STARK must compensate KBANK for the principal amount of more than 5.26 billion baht, including interest.
Securities analysis: Trinity Securities has a view that KBANK’s 1st quarter in 2024 is better than expected from non-NII reserves and debt, but still estimates profit in 2024 at 43 billion baht (+1% YoY ) However, non-interest income for the rest of the year may not be as excellent as the first quarter. Meanwhile, operating costs may see a seasonal increase in the final quarter.
In terms of analysis, TISCO Securities also said that the operating results were better than expected. The asset recovery process will continue this year, keeping credit costs at the upper end of estimates. Operating costs in the first quarter of this year were seasonally low and will gradually increase throughout the year.
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The latest KBANK stock investment recommendations from 15 brokers have a positive overall picture with an underlying target price ranging from 129.00-155.00 baht per share as follows:
DBS Vickers Securities (Thailand) recommends Hold at a base price of 129.00 baht.
UOB Kay Hian Securities (Thailand) recommends Hold, raising the target price to 138.00 baht.
TISCO Securities recommends holding at an appropriate value of 140.00 baht.
Finansia Syrus Securities recommends Hold with a target price of 140.00 baht.
Trinity Securities recommends buying with a target price of 141.00 baht.
ASL Securities recommends buying with a target price of 142.00 baht.
Phillip Securities (Thailand) recommends buying, adjusting the base price to 144.00 baht.
Maybank Securities (Thailand) recommends Buy with a target price of 145.00 baht.
Asia Plus Securities recommends buying with a target price of 148.00 baht.
Land and Houses Securities recommends Buy with a target price of 150.00 baht.
Pye Securities recommends buying at a base value of 152.00 baht.
Kingsford Securities Recommend buy on weakness, target price 154.00 baht
Innovation Exchange Securities recommends Neutral (neutral), price target 154.00 baht.
Bualuang Securities recommends buying with a target price of 155.00 baht.
Dao Securities (Thailand) recommends Buy with a target price of 155.00 baht.
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