Bualuang Securities Forecasts Thai Stock Market Growth
Bualuang Securities reports a 23% rise in the SET index over the first nine months of 2026 and projects further growth, targeting 1,650 points by year-end.
According to a report from Khaosod Online, Bualuang Securities has highlighted a strong performance in the Thai stock market, noting that the SET index climbed 23% during the first nine months of 2026. This growth was primarily driven by the electronics sector and investments in infrastructure projects. Chaiyaporn Nompitakcharoen, Managing Director of Bualuang Securities, noted that while the fourth quarter faces potential volatility due to geopolitical tensions and fluctuating foreign capital flows, the index could reach between 1,600 and 1,650 points if global conditions remain stable. Looking further ahead, the firm has set a target of 1,710 points for 2027. To navigate the market, Bualuang recommends a 'Barbell Strategy,' identifying 12 key stocks for long-term growth, including PTT, GULF, BGRIM, CRC, COM7, CENTEL, KTB, KBANK, CPN, and BDMS. For residents and investors, this outlook suggests a period of cautious optimism regarding the Thai economy's resilience. However, the actual performance of the market remains subject to external geopolitical factors and international investment trends, which are yet to be confirmed as the year concludes.
