Kasikornbank stock rating downgraded by UBS on US tariff concerns

Published 22/07/2025, 06:54
Kasikornbank stock rating downgraded by UBS on US tariff concerns

Investing.com - UBS downgraded Kasikornbank PCL (BKK:BK:KBANK) (OTC:KPCPY), currently valued at $11.59 billion, from Buy to Neutral and lowered its price target to THB152.00 from THB167.00.

The downgrade follows Kasikornbank’s outperformance against the SETBANK Index by 4% and the SET Index by 16% year-to-date, with the stock delivering a total return of 22% YTD and trading near its 52-week high. According to InvestingPro, the bank maintains a GOOD financial health score, though UBS indicates this performance has created a less attractive risk/reward profile.

UBS cut its 2026-2027 earnings per share estimates by 5-9% to account for potential impacts from US tariffs at 25-35%, despite acknowledging that Kasikornbank’s first-half 2025 results secured sustainable year-over-year EPS growth for 2025.

The investment bank cited concerns about lower dividend yields if US tariffs drive down earnings in 2026, along with uncertainty regarding rate cuts and industry consolidation following the selection of a new Bank of Thailand governor.

Kasikornbank, one of Thailand’s largest financial institutions, trades on the Stock Exchange of Thailand and has American Depositary Receipts available over-the-counter in the United States.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.