Thai strategists lift SET targets to as high as 1,730 points for 2026

AI Market Summary
Thai strategists raised SET index targets on improving earnings, stronger macro momentum, and renewed foreign inflows (about 28bn baht MTD), reinforced by a court ruling validating a 400bn baht emergency loan decree. Valuations are framed as attractive versus major markets (headline forward P/E ~17x; ~13.1x excluding Delta) with a 3.6% dividend yield above MSCI ACWI. Near-term risk appetite may improve toward Thai equities.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.94%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Several Thai brokerages have raised their targets for the Stock Exchange of Thailand (SET) index, with the most bullish calling for 1,730 points, citing improving corporate earnings and stronger economic momentum. They also point to renewed foreign buying, with 28 billion baht in month-to-date net inflows, and a Constitutional Court ruling that the government’s 400 billion baht emergency loan decree was lawful. The SET trades at about 17 times projected 2026 earnings, or 13.1 times excluding Delta Electronics (Thailand), and offers an estimated 2026 dividend yield of 3.6%, above the MSCI ACWI average.