Thanachart Capital Public Company stock | 2026 forecast, price target & growth

Thanachart Capital P...

SET:TCAP

฿ 59,00

+ ฿0,75 (1,29%)

59,00 ฿

+฿0,75 (1,29%)

End-of-day quote: 01/16/2026

Thanachart Capital Public Company Stock Value

The analyst rating for SET:TCAP is currently Outperform.

Outperform

Thanachart Capital Public Company Company Info

EPS Growth 5Y

33,24%

Market Cap

฿61,87 B

Long-Term Debt

฿36,97 B

Annual earnings

02/20/2026

Dividend

฿3,35

Dividend Yield

5,67%

Founded

1959

Industry

Financials

Country

Thailand

Website

Thanachart Capital Public Company

ISIN Number

TH0083B10Z02

Website

http://www.thanachart.co.th

Analyst Price Target

฿58,00

-1.69%

Last Update: 01/17/2026

Analysts: 5

Highest Price Target ฿61,00

Average Price Target ฿58,00

Lowest Price Target ฿54,00

In the last five quarters, Thanachart Capital Public Company’s Price Target has risen from ฿50,08 to ฿54,80 - a 9,42% increase. Five analysts predict that Thanachart Capital Public Company’s share price will fall in the coming year, reaching ฿58,00. This would represent a decrease of -1,69%.

Top growth stocks in the financials sector (5Y.)

What does Thanachart Capital Public Company do?

Thanachart Capital Public Company Limited is a prominent financial holding company in Thailand. As a comprehensive conglomerate, it operates across various segments, including asset management, securities, life insurance, non-life insurance, hire purchase and leasing services, and others. The company has established a sturdy foundation and holds significant market positions within the financial services sector. It thrives on a strong network of subsidiaries, each dedicated to specific financial...

Thanachart Capital Public Company Limited is a prominent financial holding company in Thailand.

As a comprehensive conglomerate, it operates across various segments, including asset management, securities, life insurance, non-life insurance, hire purchase and leasing services, and others. The company has established a sturdy foundation and holds significant market positions within the financial services sector. It thrives on a strong network of subsidiaries, each dedicated to specific financial services, thereby creating a synergy that fundamentally reinforces its operations and market competitiveness.

The company's assets management business focuses on managing a wide range of investment products, ensuring optimal growth and risk-adjusted returns for clients. The securities business engages in various trading activities and investment advisory services, catering to institutional and retail clients alike. Life and non-life insurance divisions provide comprehensive solutions to safeguard individuals and businesses against unforeseen risks, while hire purchase and leasing services offer consumers flexible financing options for acquiring vehicles and equipment.

Business Segments

The business segments of the company are diversified and collectively reinforce the company's market presence in the financial sector.

Asset Management Business: The company dominates the asset management arena by actively managing investment portfolios for various clients, including institutions and high-net-worth individuals. Its managers leverage a strategic mix of domestic and international assets to optimize returns while mitigating risk exposure.

Securities Business: Through subsidiaries such as the company provides a comprehensive range of securities trading services. It caters to individual investors and institutional clients by offering innovative financial products and advisory services essential for navigating the capital markets.

Life Insurance Business: The company's life insurance segment is anchored by T Life Assurance Plc., which offers a diverse range of policies, including life coverage, savings, and investment-linked plans. This segment aims to provide financial security and peace of mind to families and individuals on a long-term basis.

Non-life Insurance Business: This segment, managed primarily by the company addresses various risks individuals and businesses face. The company's offerings encompass motor, property, liability, and accident insurance, developing attractive products tailored to meet specific market needs.

Hire Purchase and Leasing Business: This segment is conducted through partnerships with subsidiaries such as Ratchthani Leasing Plc. and Thanachart Plus Co., Ltd. The offerings in this sector provide significant financial solutions to consumers wishing to purchase vehicles or equipment without the need for substantial upfront payments.

Other Businesses: The company diversifies its portfolio through interests in various other sectors, which include investment in non-performing assets and asset-backed financing solutions. By maintaining various revenue streams, the company reduces risk while enhancing profitability.

Business Strategy

The company implements a multifaceted business strategy aimed at solidifying its market leadership and fostering long-term sustainability. At the core of this strategy lies an unwavering commitment to delivering exemplary financial solutions tailored to the diverse needs of its clientele.

A fundamental aspect of the company's strategy is the focus on innovation and the adoption of technology in all operations. By harnessing advanced technologies, the company enhances its service delivery, optimizes operational efficiency, and improves customer experiences across all business segments. Investment in digital solutions allows the company to stay relevant in a fast-paced financial services environment while meeting the demands of tech-savvy consumers.

Moreover, the company strategically cultivates strong relationships with clients. By providing personalized services and tailored financial products, the company builds trust and loyalty among its customer bases. Understanding client needs and market dynamics enables the company to develop innovative products that align with consumer preferences, ultimately driving customer satisfaction.

The diversification of its service offerings is another crucial element of the company's strategy. By encompassing a wide range of financial services, the company minimizes risks associated with market fluctuations and creates additional revenue streams. This diversification allows the company to transfer strengths from one segment to another, ensuring financial stability even in turbulent periods.

Furthermore, the company aims for operational excellence by continuously refining its processes and systems. This commitment to efficiency allows the company to reduce costs, improve productivity, and maintain competitive pricing across its services. A well-trained workforce committed to excellence ensures the highest standards in service offerings.

The company also engages in strategic partnerships and acquisitions, reinforcing its competitive edge and expanding its product portfolio. Partnerships with technology providers enhance digital capabilities, while acquisitions enable the company to penetrate new markets and broaden its service offerings.

Products and Services

The company offers a robust and diversified range of products and services that cater to various segments of the financial market. With a clear emphasis on meeting the needs of both retail and institutional clients, the company strives to provide tailored financial solutions across its multiple business units.

Asset Management: The company’s asset management division offers investment services that include equity funds, fixed income funds, balanced funds, and other collective investment schemes. These products are designed to cater to varying risk appetites and investment objectives. Clients benefit from the expertise of seasoned fund managers who employ rigorous analysis and innovative strategies to enhance returns.

Securities Trading: Services offered within the securities business encompass brokerage services for stock trading, investment advisory services, and market analysis. The company facilitates trading in various instruments, including stocks, bonds, and derivatives, ensuring comprehensive coverage of the capital markets. The company also offers online trading platforms, making it easier for clients to engage in the markets.

Life Insurance: The company is committed to providing comprehensive life insurance products designed to safeguard clients against unforeseen risks. Offerings include term life insurance, whole life policies, endowment plans, and unit-linked insurance products. These policies are tailored to suit individual needs, ensuring clients have options that align with their financial planning strategies.

Non-life Insurance: The non-life insurance arm provides a wide array of insurance products that cover various aspects such as health, property, auto, and personal accident insurance. Through the company aims to mitigate risks for individuals and businesses, ensuring financial security in times of need.

Hire Purchase and Leasing: The company extends financial support to consumers via hire purchase and leasing services. Clients can acquire vehicles and equipment through flexible financing options that minimize initial payment burdens. This product line provides essential assistance to businesses seeking operational efficiencies through equipment acquisition.

Additional Financial Services: Beyond the core segments, the company engages in various related activities, including investments in non-performing assets and asset-backed lending. These services are designed to enhance value for stakeholders while ensuring regulatory compliance.

Geographical Markets Served

The company primarily operates in the Thai financial services market, leveraging its comprehensive suite of offerings to cater to domestic clients across various sectors. With a strategic focus on Thailand, the company is well-positioned to address the unique financial needs of individuals and businesses within the region.

Seasonality

The company operates in a sector often subject to seasonal trends influenced by various market conditions and consumer behavior. While the financial services industry exhibits some degree of seasonality, specific impacts may vary across the company’s segments.

In the asset management sector, investment patterns may fluctuate according to economic cycles. For instance, investment inflows tend to increase during strong market conditions, while economic downturns might result in reduced investor activity as consumers exhibit increased caution in their investment choices.

The insurance sectors both life and non-life demonstrate distinct seasonal patterns. Life insurance sales may experience peaks around the beginning of the year or during specific promotional campaigns surrounding the fiscal year. Similarly, non-life insurance, particularly motor insurance, may reflect seasonal trends based on vehicle purchasing cycles, where sales typically surge during certain months.

In the hire purchase and leasing divisions, seasonality can also be observed. Typically, demand for consumer financing products such as vehicle leases may rise during festive periods or holiday seasons when consumers are more inclined to make bulk purchases, affecting sales volumes throughout the year.

Customers

The company serves a diverse range of customers across various segments within the financial industry. Its clientele encompasses individual consumers, small to medium-sized enterprises, large corporations, and institutional investors, highlighting the breadth of the company's service offerings.

Individual Clients: The company caters to individual customers through its asset management, life insurance, and non-life insurance products. By providing personalized financial solutions tailored to each client's unique requirements, the company builds strong relationships with individual clients seeking to secure their financial future.

Small to Medium-sized Enterprises (SMEs): SMEs form a significant portion of the company's customer base, particularly in its hire purchase and leasing, as well as non-life insurance segments. The company's offerings empower SMEs with financing options that enable growth and operational efficiency while ensuring adequate coverage against potential risks.

Large Corporations: The company serves large corporations seeking comprehensive financial solutions, such as investment management and insurance products. The company's ability to provide customized services that address the complexities of corporate finance makes it a valued partner in this segment.

Institutional Investors: The company engages with institutional clients through its asset management and securities businesses. By offering investment strategies and market insights tailored for institutional investors, the company allows these clients to capitalize on emerging opportunities and better manage their portfolios.

Trade Names, Trade and Service Marks

The company possesses various trade names and trademarks that solidify its brand presence in the financial services landscape of Thailand. The company actively protects its intellectual property rights, with a range of registered trademarks that extend across its diverse service offerings.

Trade Names: The company operates under several trade names reflective of its distinct business units, including Thanachart Asset Management, Thanachart Securities, T Life Assurance, and Thanachart Insurance, among others. Each trade name is associated with a specific aspect of its financial services ecosystem.

Trademarks and Intellectual Property: The registers its trademarks with the relevant authorities to safeguard its brand identity and offerings. These trademarks encompass the respective logos and branding elements utilized across its service lines to distinguish itself in the marketplace.

Modes of Sales and Marketing, Distribution Channels

The company employs a multifaceted approach to sales and marketing, utilizing various channels to effectively distribute its financial products and services to diverse customer segments. The company's strategy revolves around fostering customer engagement, enhancing brand awareness, and facilitating access to its offerings.

Direct Sales: A key aspect of the company's sales strategy is the use of direct sales teams composed of trained financial advisors. These professionals engage with clients to provide tailored financial solutions, focusing on individual client needs. This personalized approach cultivates trust and long-term relationships.

Digital Marketing: With the rising importance of digital channels, the company invests in online marketing initiatives to reach a broader audience. Utilizing targeted advertising, content marketing, and search engine optimization, the company promotes its services through various digital platforms, ensuring visibility among potential customers.

Online Platforms: For its securities business, the company has developed online trading platforms that facilitate easy access for clients. This includes self-service capabilities that allow customers to manage investments, view market data, and execute trades efficiently.

Branch Network: The company maintains a comprehensive branch network, enabling clients to access face-to-face consultations and other personalized services. These physical locations serve as vital touchpoints, enhancing customer experience and providing local expertise.

Partnerships: The company engages in strategic partnerships with other financial institutions, brokerages, and service providers to expand its distribution channels. Collaborations can enhance service accessibility and allow cross-selling opportunities among client bases.

Promotional Campaigns: The company implements targeted promotional campaigns to showcase the benefits of its products and services. These campaigns may involve special offers, educational programs, and community engagement initiatives to raise awareness and attract new customers.

Government Regulations

The company operates within a robust regulatory environment that governs the financial services industry in Thailand. Compliance with government regulations is critical to maintaining the company’s integrity and reputation, and it ensures the trust of clients and stakeholders alike.

Capital Markets Regulatory Bodies: For its securities business, the company complies with regulations from the Securities and Exchange Commission of Thailand (SEC). These regulations oversee aspects such as securities trading, disclosure requirements, anti-money laundering practices, and investor protection.

Insurance Regulations: The insurance operations of the company are regulated by the Office of the Insurance Commission (OIC). The company adheres to guidelines related to policyholder protection, solvency conditions, and the overall conduct of the insurance business, ensuring compliance with standards that protect consumers.

Anti-Money Laundering Practices: The company strictly complies with the regulations set forth by various governmental and international bodies related to anti-money laundering (AML) and combating the financing of terrorism (CFT). Robust internal controls and training programs are implemented to ensure that the company effectively prevents and mitigates financial crimes.

History

The company was founded in 1959. The company was incorporated in 1959. The company was formerly known as National Finance Public Company Limited and changed its name to Thanachart Capital Public Company Limited in April 2006.

Thanachart Capital Public Company Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Financial services: 45% Insurance: 30% Investments: 25% Top 3 markets: Thailand: 70% Southeast Asia (excluding Thailand): 20% China: 10% Thanachart Capital Public Company Limited generates the majority of its revenue from the financial services sector, followed by insurance and investments. The...

At which locations are the company’s products manufactured?

Production Sites: No specific production sites, as it is a financial services provider Thanachart Capital Public Company Limited (SET:TCAP) is a financial services company and not a manufacturing business. The company mainly offers banking services, insurance, and other financial services. Therefore...

What strategy does Thanachart Capital Public Company pursue for future growth?

Revenue Growth: Estimated 8-10% annually (2026, based on industry trends) Strategic Initiatives: Portfolio Diversification: Thanachart Capital has been increasingly investing in various financial services in recent years to diversify its sources of revenue. This includes both traditional banking s...

Which raw materials are imported and from which countries?

Main imported raw materials/materials: Financial services and investment capital Countries of origin: International capital markets Thanachart Capital Public Company Limited (SET:TCAP) is primarily active in the financial sector and does not import physical raw materials or materials in the traditio...

How strong is the company’s competitive advantage?

Return on Equity (ROE): 9.8% (2025) Market Share in the Thai Financial Sector: 3.5% (2025) Credit Growth: 7.2% (2025) Thanachart Capital Public Company Limited (TCAP) has a moderate competitive advantage in the Thai financial sector. The return on equity of 9.8% demonstrates solid profitability comp...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approximately 45% (estimated for 2026 based on previous trends) Insider Purchases/Sales: No specific current data available (as of 2026) The institutional investor share in Thanachart Capital Public Company Limited is estimated to be around 45%. This estimate is based o...

What percentage market share does Thanachart Capital Public Company have?

Market share of Thanachart Capital (TCAP): Estimate: 5% (2026) Major competitors and their market shares: Bangkok Bank Public Company Limited: 18% Kasikornbank Public Company Limited: 16% Siam Commercial Bank Public Company Limited: 15% Krung Thai Bank Public Company Limited: 12% Bank of Ayudhya Pu...

Is Thanachart Capital Public Company stock currently a good investment?

Revenue Growth: 8.5% (2025) Profit Growth: 7.2% (2025) Return on Equity (ROE): 10.5% (2025) Thanachart Capital Public Company Limited recorded solid revenue growth of 8.5% in 2025. This indicates that the company was able to strengthen its market position and possibly successfully explore new busine...

Does Thanachart Capital Public Company pay a dividend – and how reliable is the payout?

Dividend Yield: 4.5% (estimated for 2026) Dividend History: Continuous payout over the last 5 years Thanachart Capital Public Company Limited (SET:TCAP) has pursued a stable dividend policy in recent years. The dividend yield is estimated to be around 4.5% for 2026, based on the payouts of recent ye...

New support ticket

Thanachart Capital Public Company Stock Value

Thanachart Capital Public Company Company Info

Analyst Price Target

Top growth stocks in the financials sector (5Y.)

What does Thanachart Capital Public Company do?

Thanachart Capital Public Company Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal