Aequitas: TMBThanachart Bank Placement - Healthy Fundamentals, But Supply Overhang Remains
ING is looking to sell a stake of around 5.6% in TMBThanachart Bank (TTB TB) to raise up to US$500m. In this note we talk about the deal dynamics...
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3Q26E Bank Earnings Expected Flat QoQ and Lower YoY
We expect the six banks under coverage to report combined 3Q26E net profit of Bt43.03bn (-0.5% QoQ, -9.5% YoY). The YoY decline reflects lower NIM...
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Primer: TMBThanachart Bank (TTB TB) - Aug 2026
TMBThanachart Bank (TTB) is strategically shifting its capital management policy towards higher dividend payouts, signaling confidence in its...
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TMBTHANACHART BANK PUBLIC COMPANY LIMITED (TTB): Stronger-Than-Expected Earnings Largely Priced in - Underperform (12M FWD Fair Value Bt2.52)
We downgrade TTB to Underperform from Neutral after the share price has rallied 20% MTD lifting its valuation to around 1.2x PBV, above the +2...
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Thai Banks 2Q25; TMB Thanachart (SET:TTB) Re-Rating at Risk, Krung Thai (SET:KTB) Is Now a Hold
​Valuation concerns arise for TMB Thanachart, bottom rated in our Thai banks scorecard, as its returns lag behind those of SCBx; Krung Thai...
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