The share price of Kasikornbank Public Company Limited (KBANK) rose 13% since the Bank of Thailand allowed financial institutions to pay dividends for 2020 operations. As of 12:11 local time in Thailand on Friday, November 20, 2020, the share price rose ฿4.50/share or 4.62% to trade at ฿102.00/share.
Krungsri Securities stated that KBANK is one of the shares investors are focusing on for speculation in response to the reopening and vaccine development as the share price fell over 30% since the coronavirus outbreak. KBANK has still underperformed the SET Index. The security company recommended “BUY” at a target price of ฿103.00/share.
UOB Kay Hian Securities noted that KBANK is among one of the laggard shares in SET50 in terms of YTD returns.