DBS Raises 2026 Thai Stock Target to 1,720 Points

MGR Online•Economy•12h ago

Reader Briefing

DBS Vickers (Thailand) has increased its year-end 2026 SET Index target to 1,720 points citing economic recovery and corporate profit growth.

•DBS Vickers (Thailand) raised the SET Index target for the end of 2026 from 1,650 to 1,720 points.
•Listed company profits are expected to grow by 9% in 2026 and 4% in 2027.
•DBS Economics projects GDP for year 60 at 2.1%.
•DBS Vickers (Thailand) recommends three main investment themes: AI & Digital Infrastructure, Domestic Consumption, and Tourism.

•DBS Vickers (Thailand) adjusted the year-end 2026 SET Index target up to 1,720 points based on a Forward P/E of 16.7 times.
•The target increase reflects the recovery of the Thai economy, specifically driven by exports and investment.
•Real GDP Growth for the second quarter of 2026 was 1.9% YoY, slowing from 2.8% in the first quarter of 2026.
•DBS Economics views that the economy has opportunities to improve in the second half of the year, driven by exports and private investment.
•The Bank of Thailand is expected to maintain the policy interest rate at 1.00% until the end of 2026 to support economic recovery.
•Foreign investors are currently focusing on Selective investment in Big Cap stocks and require more time to study the Jump+ project for Small-Mid Cap stocks.
•DBS Vickers (Thailand) recommends stocks including GULF, HANA, TRUE, CPALL, CPN, MTC, AOT, and CENTEL across three themes.

Full article content is available on the original source.

DBS Vickers (Thailand)(บล.ดีบีเอส วิคเคอร์ส (ประเทศไทย))

A securities firm that adjusted the SET Index target and provided investment recommendations.

DBS Economics

The economic research arm of DBS that provided GDP projections.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The central bank expected to maintain the policy interest rate at 1.00%.

Stock Exchange of Thailand(ตลาดหลักทรัพย์ฯ)ℹ️

The organization implementing the Jump+ project to support Small-Mid Cap stocks.

GULF

A recommended stock in the AI & Digital Infrastructure theme.

HANA

A recommended stock in the AI & Digital Infrastructure theme.

TRUE

A recommended stock in the AI & Digital Infrastructure theme.

CPALL

A recommended stock in the Domestic Consumption theme.

CPN

A recommended stock in the Domestic Consumption theme.

MTC

A recommended stock in the Domestic Consumption theme.

AOT

A recommended stock in the Tourism theme.

CENTEL

A recommended stock in the Tourism theme.

Narisara Wisetkosin(นริศรา วิเศษโกสิน)

Senior Executive Director of DBS Vickers (Thailand).

A project by the Stock Exchange of Thailand aimed at supporting Small-Mid Cap stocks.