General
TTB Shares Decline Following Major ING Stake Sale
Shares of TMBThanachart Bank (TTB) dropped by 5.52% after ING Group sold a significant portion of its holdings.
On August 19, 2026, TMBThanachart Bank (TTB) shares experienced a 5.52% decline at the market opening. This movement followed a report from Prachachat Business stating that ING Group executed a big-lot sale of over 6.8 billion shares, valued at approximately 18 billion baht. The transaction was priced at 2.64 baht per share, reducing ING’s stake in the bank to 11.6%.
For residents and those monitoring the Thai financial sector, this shift represents a notable change in the bank's ownership structure. However, analysts at Yuanta Securities have indicated that the bank's fundamental business operations remain unaffected by this divestment. The brokerage firm has maintained a 'speculative' recommendation for the stock, setting a target price of 2.76 baht. Additionally, there is an expectation of a mid-year dividend payment of 0.07 baht per share.
While the immediate market reaction was negative, the long-term impact of this reduced foreign ownership remains to be seen. Investors and observers are now waiting to see how the market stabilizes following this large-scale transaction. As with all financial news, those with interests in the Thai banking sector should monitor official disclosures from the Stock Exchange of Thailand for further updates regarding institutional movements.