Brokers say foreign investors confident in Thai stocks, SET may reach 1,720 points

Industry
โดย Kaohoon·TH·Read original
Summary · why it matters

Leading brokers revealed at Thailand Focus 2026 that foreign investors are becoming more confident in the Thai stock market, focusing on political stability and the growth potential of AI and Data Center sectors. Thailand has high readiness in energy and logistics compared to other ASEAN countries. Kiatnakin Phatra Securities (KKPS) has set a SET index target of 1,680 points this year, while DBS Vickers Securities (DBSV) sees a target of 1,720 points, noting that investors will choose companies with earnings growth and benefiting from structural growth. UBS stated that the P/E of the Thai stock market (excluding DELTA) is over 12 times, attractive compared to the regional average of 15 times, and also gives a target of 1,680 points. Meanwhile, Krungsri (KSS) believes Thailand has the potential to become a new Data Center hub after Singapore, due to its readiness in electricity, water supply, and competitive production costs.

Impact on stocks 3

Financials · 3 stocks
UBS Group AG
UBSG
▲ PositiveCapitalrelevance

UBS gives SET target of 1,680 points and notes attractive P/E, positive for Thai market.

Theme Impact 1

Off-coverage companies 1

DBS Vickers SecuritiesPrivate▲ Positive
Capitalrelevance

DBSV sees SET target of 1,720 points, positive for Thai stocks.

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