Foreign investors buy Thai stocks net 52.682 billion baht, boosted by fund flows and Meta's new AI model

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Summary · why it matters

Foreign investors returned to buying Thai stocks, with net purchases of 52.68226 billion baht from the start of the year through September 22, comprising 6.60989403 trillion baht in buys and 6.55721177 trillion baht in sells. In September alone, net buying reached 1.31328 billion baht, from 626.56138 billion baht in buys and 625.24810 billion baht in sells, marking the highest foreign buying in two months and making the Thai stock market the most sought-after in ASEAN. The supporting factor came from Meta's launch of a new AI model with higher processing efficiency, offered free of charge, which the market expects will extend its advertising business and accelerate demand for AI CAPEX, benefiting Thai component stocks, especially DELTA and HANA. Meanwhile, Infra Tech stocks drew support from the NBTC's proposal for a data center board to set new investment criteria, including requiring operators to have power purchase agreements and water supply certificates, to use domestic materials no less than 50%, and to add sustainability requirements. This is expected to boost industrial estate stocks such as AMATA and WHA, power stocks such as GULF, BGRIM and GUNKUL, bank stocks such as KBANK, KTB, KKP and BBL, as well as contractor stocks such as STECON, PYLON and INSET. At the same time, the Cabinet meeting approved extending the Thai Help Thai Plus 40/60 Phase 2 project by another 2 months, from October 1 to November 30, 2026, with a total budget of 42.69 billion baht, and approved an additional 700 baht per person in product purchase credit for state welfare cardholders for October only, bringing the total injection to 1,000 baht per person. This measure is expected to benefit retail stocks such as CPAXT, BJC and CPALL, as well as consumer goods stocks such as CBG and OSP, in a second-round effect.

Impact on assets 20

Consumer Staples▲ · 4 stocks
Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

Cabinet's Thai Help Thai Plus Phase 2 extension and welfare-card credit injection expected to benefit retail and consumer goods stocks like BJC.

Osotspa Public Company Limited
OSP
▲ PositiveDemandrelevance

Cabinet's Thai Help Thai Plus 40/60 extension and welfare-card credit injection expected to benefit consumer goods stocks such as CBG and OSP.

Artificial Intelligence▲ · 3 stocks
Meta Platforms Inc.
META
▲ PositiveTechnologyrelevance

Meta launched a new AI model with higher processing efficiency, expected to extend its advertising business and accelerate AI capex demand.

Energy Transition & Power Demand▲ · 3 stocks
Financials▲ · 3 stocks
Digital Finance & Tokenization▲ · 2 stocks
Bangkok Bank PCL
BBL
▲ PositiveRegulationrelevance

NBTC's data center investment criteria proposal is expected to benefit bank stocks including BBL.

Electrification & Mobility▲ · 1 stocks
Semiconductors▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
Amata Corporation Public Company Limited
AMATA
▲ PositiveRegulationrelevance

NBTC's proposed data center board criteria (power purchase agreements, domestic materials, sustainability) is expected to boost industrial estate stocks like AMATA.

Cloud & Digital Infrastructure▲ · 1 stocks
Industrials▲ · 1 stocks
Pylon Public Company Limited
PYLON
▲ PositiveRegulationrelevance

NBTC's proposed data center board criteria expected to boost contractor stocks such as STECON, PYLON and INSET.

Theme Impact 6

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