BKK:KTB

Phillip Securities Upgrades Krung Thai Bank to Buy from Accumulate; Price Target is THB46

Krung Thai Bank (BKK:KTB) has an average rating of overweight and mean price target of 41.26 baht, according to analysts polled by FactSet.

Krung Thai Bank's Profit Rises in Q2, Net Interest Income Slips

Krung Thai Bank's (BKK:KTB) attributable profit rose 9% to 12.1 billion Thai baht in the second quarter ended June 30, from 11.1 billion baht a year ago.Earnings per share came in at 0.87 baht from 0.80 baht a year earlier, according to a Tuesday filing to the Thai stock exchange.However, the lender's net interest income slipped 13.5% year-on-year to 23.3 billion baht from 26.9 billion baht.

Krung Thai Bank's Profit Rises in Q2

Krung Thai Bank (BKK:KTB) recorded an attributable profit of 12.1 billion baht for the three months ended June 30, up from 11.1 billion baht a year prior.Basic EPS rose to 0.87 baht from 0.80 baht in the year-ago period, according to a Tuesday Thailand bourse filing.Net interest income slipped to 23.3 billion baht from 26.9 billion baht in the prior-year period.In the six months ended June 30, attributable profit increased to 24.6 billion baht from 22.8 billion baht, with net interest income sliding 46.7 billion baht from 54.7 billion baht previously.

Phillip Securities Upgrades Krung Thai Bank to Accumulate from Neutral; Price Target is THB33