Kiatnakin stock: UOB lifts target to THB 150 after profit beat

Kiatnakin Phatra Bank reported a sharp increase in third-quarter earnings, while UOB Kay Hian raised its target price after calling the results a positive surprise. The bank's third-quarter profit rose 43.0 percent year on year to THB 2.39 billion, according to Nation Thailand, which published its report on October 21, 2026.

Fees and wealth management support results

Nation Thailand reported that Kiatnakin's nine-month profit reached THB 6.47 billion, up 56.1 percent year on year. Non-interest income increased 40.2 percent over the first nine months, driven by wealth management, the Dime! investment platform, fund fees, investment banking and insurance brokerage.

The same report said net interest income rose 6.5 percent in the quarter. Loans grew 3.7 percent year to date, while the non-performing-loan ratio fell to 3.4 percent from 4.3 percent at the end of 2025 and coverage increased to 154.7 percent.

UOB raises target after earnings beat

In a research note dated October 20, 2026, UOB Kay Hian maintained its Buy rating and raised its target price from THB 135 to THB 150. The broker said third-quarter net profit beat its forecast by 24 percent and consensus by 15 percent.

UOB Kay Hian identified non-interest income as the key positive surprise. It also cited THB 562 million in gains on financial instruments measured at fair value through profit or loss and said pre-provision operating profit jumped 33 percent year on year.

Thai-market quote and investor context

Kiatnakin Phatra's Thai-market quote was THB 119 on October 29, 2026, down THB 0.50, or 0.42 percent, from the previous close. The quote was recorded at 09:35:28 UTC, equivalent to 16:35:28 Bangkok time, with the market shown as closed.

Thailand's banking sector is balancing weaker lending margins with growth in fees, wealth management and other non-interest businesses; see current market reports.

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