Ekniti targets 2,000 SET index points amid Thailand Focus 2026

Post Today•Economy•13h ago

Reader Briefing

Deputy Prime Minister Ekniti Nitithanprapas expresses hope for the SET Index to reach 2,000 points this year during the Thailand Focus 2026 event.

•Deputy Prime Minister Ekniti Nitithanprapas expects the SET Index to hit 2,000 points within this year.
•Thailand Focus 2026 saw participation from approximately 220 people, including 74 funds, 42 of which were foreign funds.
•Foreign brokers provide varying index targets, including 1,720 points from DBS Vickers and 1,680 points from UBS and Kiatnakin Phatra.
•Foreign investors are showing increased interest in AI, Data Centers, and Digital Infrastructure in Thailand.

Overview

•The Thailand Focus 2026: Reignite Thailand event gathered approximately 220 participants, including 42 foreign funds.
•Deputy Prime Minister Ekniti Nitithanprapas expressed hope that the SET Index would rise to 2,000 points within this year.
•Samir Kogar of CLSA (Thailand) noted that the Thai stock index improved by 27% year-on-year, with foreign investors being net buyers worth 1.8 billion US dollars in Asia.
•Narisara Wisetkosin of DBS Vickers (Thailand) stated foreign investors are selectively focusing on companies with clear profits and high competitiveness.
•Pornchai Prasertsinthana of UBS (Thailand) reported foreign investors have a cumulative net sell of over 10 billion US dollars over the past 3 years.
•Supachok Supabandhit of Kiatnakin Phatra projected the year-end 2026 index target at 1,680 points, with potential to reach 2,000 points if political stability and execution are achieved.
•Investors are monitoring the next stage of execution regarding the Power Development Plan (PDP) and Data Center infrastructure.

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Key Quotes

Narisara Wisetkosin

"We estimate this year's index target at 1,720 points, calculated from a Forward PE of approximately 16.7 times, which is consistent and close to the 5-year average."

เราประเมินเป้าหมายดัชนีปีนี้ไว้ที่ 1,720 จุด คำนวณจากค่า Forward PE ที่ประมาณ 16.7 เท่า ซึ่งระดับนี้ยังคงสอดคล้องและใกล้เคียงกับค่าเฉลี่ยย้อนหลัง 5 ปี

Key Entities

Person

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance.

Assadet Kongsiri(อัสสเดช คงสิริ)

Director and Manager of the Stock Exchange of Thailand.

Samir Kogar

Country Head of CLSA (Thailand) Securities.

Narisara Wisetkosin(นริศรา วิเศษโกสิน)

Senior Executive Director of DBS Vickers (Thailand) Securities.

Pornchai Prasertsinthana(พรชัย ประเสริฐสินธนา)

Vice Chairman - Investment Bank, Southeast Asia and Country Head Thailand of UBS (Thailand) Securities.

Supachok Supabandhit(ศุภโชค ศุภบัณฑิต)

President of Kiatnakin Phatra Securities.

Organization

Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️

The organization that hosted the Thailand Focus 2026 event.

CLSA (Thailand) Securities(บริษัทหลักทรัพย์ ซี แอล เอส เอ (ประเทศไทย) จำกัด)

A securities firm providing insights on foreign investor perspectives.

DBS Vickers (Thailand) Securities(บริษัทหลักทรัพย์ ดีบีเอส วิคเคอร์ส (ประเทศไทย) จำกัด)

A securities firm estimating the index target at 1,720 points.

UBS (Thailand) Securities(บริษัทหลักทรัพย์ ยูบีเอส (ประเทศไทย) จำกัด)

A securities firm projecting an index target of 1,680 points.

Kiatnakin Phatra Securities(บริษัทหลักทรัพย์ เกียรตินาคินภัทร จำกัด (มหาชน))

A securities firm projecting a 2026 index target of 1,680 points.

Policy

Power Development Plan(แผนพัฒนากำลังผลิตไฟฟ้า)

A plan regarding electricity production capacity that is seen as a key driver for AI and Data Centers.