Kiatnakin stock: UOB Kay Hian raises target for Kiatnakin stock from THB 135.00 to THB 150.00

Published on 10/23/2026 at 04:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit hit THB 2,388 million, up 43.00 percent on October 19, 2026. Fee income rose 40.20 percent as Kiatnakin stock's mix shifted.

Fee income reshapes earnings

Kiatnakin reported THB 2,388 million in third-quarter profit on October 19, 2026.
UOB Kay Hian raised its target from THB 135.00 to THB 150.00 on October 20, 2026.
Nine-month non-interest income reached THB 8,243 million in 2026.
Market capitalization stood at THB 100.7 billion on October 22, 2026.

Kiatnakin, TH0121010001, Illustration mit AI erstellt.

Kiatnakin stock (ISIN TH0121010001) is anchored by third-quarter net profit of THB 2,388 million, up 43.00 percent from a year earlier. UOB Kay Hian raised its target for the bank from THB 135.00 to THB 150.00 on October 20, 2026, after describing the third-quarter results as better than expectations.

Three earnings markers from October

The chronology is clear. On October 19, 2026, Kiatnakin reported third-quarter net profit of THB 2,388 million, up 43.00 percent year over year, according to Thairath Money. On October 20, 2026, UOB Kay Hian raised its target to THB 150.00 from THB 135.00. On October 21, 2026, the research house maintained that target after an analyst meeting and said the wealth business remained a key driver.

What does the target increase reflect?

The answer is the bank's broader income mix. Nine-month non-interest income reached THB 8,243 million in 2026, up 40.20 percent year over year, while net interest income rose 0.50 percent to THB 13,059 million, according to Thairath Money. The Nation reported that Kiatnakin's non-performing-loan ratio fell to 3.40 percent from 4.30 percent at the end of 2025. That combination supports the analyst case, but loan growth remained selective and retail loans contracted 4.40 percent year to date.

Valuation and operating profile

Kiatnakin had a market capitalization of THB 100.7 billion on October 22, 2026. Its 52-week range was THB 62.75 to THB 121.50 on the same date. The finance group operates across commercial banking, capital markets and debt restructuring, with KKP listed on the Stock Exchange of Thailand.

Trading context for investors

The immediate debate is whether fee-led growth can offset slower retail lending. The third-quarter figures show a bank with rising non-interest income, improving asset quality and a cautious credit stance.