UOB Kay Hian expects Kiatnakin Phatra Bank to keep posting solid earnings
UOB Kay Hian raised its 2026–2028 earnings forecasts for Kiatnakin Phatra Bank after a strong third quarter and kept its buy rating on the stock.
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what happened
Analyst Thanawat Thangchadakorn of UOB Kay Hian expects earnings at Thailand's Kiatnakin Phatra Bank to remain solid, according to a research note the brokerage published, as reported by Market Talk.
The main positive surprise in the third quarter was non-interest income, which came in 43% above UOB Kay Hian's forecast. The brokerage said robust fee and service income played a part. It expects these lines to keep growing substantially, supported by the bank's wealth business and other segments.
UOB Kay Hian raised its earnings forecasts by 8.0% for 2026, 10.4% for 2027 and 13.6% for 2028. It lifted its target price to 150 baht from 135 baht and kept its buy rating. At the time of the report, the shares were 0.4% higher at 115 baht.
why it matters
Upgrades from brokers can draw investor attention to a stock and to the Thai banking sector, especially when growth comes from fees rather than only lending margins. Such revisions reflect one analyst's view and do not guarantee how the share price will move.
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sources
- Kiatnakin Phatra Bank Expected to Continue Posting Solid Earnings — Market Talk, 22 October 2026 at 03:25 UTC
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