Bullish momentum builds for Thai stocks, 1,700 beckons

KUALA LUMPUR, 6 AUGUST 2026 —

BANGKOK, Thailand – Thailand’s stock market has entered a bullish phase and could climb to 1,700 points within the next year, supported by sustained foreign capital inflows, rising foreign direct investment (FDI), and stronger corporate earnings, according to the Federation of Thai Capital Market Organizations (FETCO).

Paiboon Nalinthrangkurn, Chairman of FETCO, said the Thai market is likely to remain on an upward trend over the next one to two years despite risks from geopolitical tensions in the Middle East and renewed global trade tariffs. He cited several positive factors supporting the outlook, including resilient global economic growth, Thailand’s geopolitical neutrality, and increasing FDI as multinational companies diversify their investments.

While FDI may take time to fully translate into economic growth, it is expected to become a key long-term driver of the Thai economy. Paiboon also noted that analysts expect earnings of listed companies to grow by 8–10% annually over the next three years. Foreign investors have also returned to Thai equities after a decade of net outflows totaling 761 billion baht.

In the first half of this year alone, overseas investors recorded net purchases of 75.9 billion baht, with further inflows expected.

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