Kasikorn Thai Securities Backs New Investment Cycle, Sets SET Target at 1,680 Points, Recommends 5 Standout Stocks for the Fourth Quarter

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

Kasikorn Thai Securities said in a Thai equity strategy analysis for the fourth quarter of 2026 that Thailand is entering a new upward investment cycle, driven by data center investment and the new Power Development Plan, or PDP2026. It raised its target for the Stock Exchange of Thailand index to 1,680 points, shifting the calculation base to an end-2027 index target under the assumption of market earnings per share of 105 points in 2027 and a price-to-earnings ratio of 16 times, which is in line with the long-term average. Kasikorn Thai Securities expects electricity generating capacity serving data center demand in Thailand to rise to roughly 5 to 7 gigawatts by 2030, following the expansion of data center operators and investment in artificial intelligence infrastructure. For its fourth-quarter 2026 investment strategy, Kasikorn Thai Securities divided its approach into two main themes and selected five standout stocks: BBL, DELTA, BGRIM, SCGP and CPALL. The first theme covers stocks that benefit from the new investment cycle, namely BBL, DELTA and BGRIM, while the second focuses on stocks whose earnings are likely to recover and which can pass on costs, namely SCGP and CPALL.

Impact on assets 5

Digital Finance & Tokenization▲ · 2 stocks
Bangkok Bank PCL
BBL
▲ PositiveCapitalrelevance

Kasikorn Thai Securities names BBL among its five standout Q4 2026 picks as a beneficiary of the new investment cycle.

Energy Transition & Power Demand▲ · 2 stocks
Materials▲ · 1 stocks

Theme Impact 5

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