TISCO : Company Update - High Dividend Yield We maintain our NEUTRAL rating but adjust our TP25F to 94 baht, as we lower our 2025-26F net profit by (5-6)% per year. We continue to view TISCO as a dividend-paying stock with one of the top 3 highest dividend yields in the banking sector, projected at 8% per annum. We expect a 2H24 dividend of 5.75 baht per share, yielding 6%.