GULF has raised its KBank stake to 10%, signalling a strategic liquidity play and long-term partnership potential, analysts say. Assuming GULF maintains a 10% stake, dividend income from KBank could rise to around 3.2 billion baht this year from an estimated 1.2 billion baht in 2025. After deducting financing costs, the net incremental benefit could reach 2 billion baht annually, equivalent to roughly 6.6% of GULF's projected 2026 net profit. However, most analysts expect GULF to keep its stake within the 9–10% range to minimise regulatory complexity and maintain strategic flexibility. Tris Rating expects GULF to continue to deliver a satisfactory performance, with annual total operating revenue ranging between 140-160 billion baht.

Source: Bangkok Post February 17, 2026 03:32 UTC