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SET expects Thai stock index to reach 1,720 points this year

SET expects Thai stock index to reach 1,720 points this year

MGR Online•Economy•37m ago

Reader Briefing

The Stock Exchange of Thailand and leading brokerages report increased foreign investor interest and positive index targets for the year.

  • •The Thailand Focus 2026: Reignite Thailand event attracted 220 institutional investors from 74 global institutions.
  • •Foreign net buying in the Thai stock market reached 67,000 million baht.
  • •Brokerages DBS Vickers (Thailand), UBS (Thailand), and Kiatnakin Phatra set year-end index targets between 1,680 and 1,720 points.

Overview

  • •Assadech Kongsiri stated that the Thailand Focus 2026: Reignite Thailand event saw participation from new countries including Switzerland, New Zealand, and Israel.
  • •Assadech Kongsiri noted the Thai stock index has risen nearly 30% since the beginning of the year, ranking 4th globally.
  • •Assadech Kongsiri attributed the continuous inflow of foreign capital to improved Thailand credit ratings and government policies.
  • •Narisara Visetkosin reported that foreign investors are increasingly positive toward direct investment in Digital, Data Center, and AI sectors.
  • •Pornchai Prasertsinthana stated that foreign investors are seeking domestic political stability, while domestic investors are interested in AI and Data Centers.
  • •Pornchai Prasertsinthana highlighted the importance of the Power Development Plan (PDP) for supporting investment.
  • •Supachoke Supabundit noted the market P/E ratio is 12 times if DELTA is excluded, compared to a regional average of 15 times.
  • •Supachoke Supabundit asserted that Thai stocks can rise further if political stability, good government policies, and strong listed company performance are maintained.

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Key Quotes

Assadech Kongsiri
"Institutional investors worldwide are interested in the economic driving policies and infrastructure investment, which still have strong fundamentals and potential for adjustment, making the investment atmosphere in the Thai stock market prominent again."
ผู้ลงทุนสถาบันทั่วโลกสนใจการดำเนินนโยบายขับเคลื่อนเศรษฐกิจและการลงทุนในโครงสร้างพื้นฐาน ซึ่งยังคงมีพื้นฐานที่แข็งแกร่งและมีศักยภาพในการปรับตัว ทำให้บรรยากาศการลงทุนในตลาดหุ้นไทยโดดเด่นอีกครั้ง

Key Entities

Organization

Stock Exchange of Thailand(ตลาดหลักทรัพย์แห่งประเทศไทย)ℹ️
The organization that held the Thailand Focus 2026: Reignite Thailand event.
DBS Vickers (Thailand) Securities(บริษัทหลักทรัพย์ (บล.) ดีบีเอส วิคเคอร์ส (ประเทศไทย) จำกัด)
A securities firm that set a Thai stock index target of 1,720 points.
UBS (Thailand) Securities(บล.ยูบีเอส (ประเทศไทย) จำกัด)
A securities firm that set a Thai stock index target of 1,680 points.
Kiatnakin Phatra Securities(บล.เกียรตินาคินภัทร จำกัด (มหาชน))
A securities firm that set a Thai stock index target of 1,680 points.
DELTA
A listed company whose exclusion affects the calculation of the market P/E ratio.

Person

Assadech Kongsiri(อัสสเดช คงสิริ)
President of the Stock Exchange of Thailand.
Narisara Visetkosin(นริศรา วิเศษโกสิน)
Senior Executive Director of DBS Vickers (Thailand) Securities.
Pornchai Prasertsinthana(พรชัย ประเสริฐสินธนา)
Vice Chairman - Investment Bank, Southeast Asia and Country Head Thailand at UBS (Thailand) Securities.
Supachoke Supabundit(ศุภโชค ศุภบัณฑิต)
President of Kiatnakin Phatra Securities.

Policy

Power Development Plan (PDP)(แผนพัฒนากำลังผลิตไฟฟ้าของประเทศ (PDP))
A national electricity production plan important for supporting investment.

Place

Switzerland(สวิตเซอร์แลนด์)ℹ️
A country that participated in the Thailand Focus 2026 event for the first time.
New Zealand(นิวซีแลนด์)ℹ️
A country that participated in the Thailand Focus 2026 event for the first time.
Israel(อิสราเอล)ℹ️
A country that participated in the Thailand Focus 2026 event for the first time.