FETCO Revises Year-End SET Index Target Downward

The Federation of Thai Capital Market Organizations (FETCO) has officially revised its year-end target for the Stock Exchange of Thailand (SET) index to a range of 1,550-1,600 points, down from the previous forecast of 1,700 points. According to Khaosod Online, FETCO Chairman Paiboon Nalinthrangkurn stated that the adjustment follows a period of significant market volatility characterized by panic selling, which mirrored global trends. Despite this downward revision, FETCO maintains that the downside risk for the Thai market remains limited. The organization points to the underlying strength of the Thai economy and the robust performance of listed companies, which saw a 22% profit growth in the first half of 2026, as key stabilizing factors. For residents and investors, this suggests that while market sentiment has been cautious, the fundamental corporate earnings remain resilient. FETCO is now monitoring potential capital inflows and the impact of the Thai ESG fund during the final quarter of the year, alongside the seasonal boost from the tourism high season. While the market has moved past the initial panic phase, the actual year-end performance remains subject to global economic conditions and the consistency of foreign capital flows. Investors and residents should continue to monitor official market updates as the year concludes.