Asia Plus says Q2 2026 Thai listed company profits hit record high

thunhoon.com··TH·Read original
2▲9 ▼0Impact / 5
Summary · why it matters

Asia Plus Securities' research department said second-quarter 2026 profits of Thai listed companies were the highest on record, beating expectations by about 13%, but still lagging US tech stocks, where NASDAQ beat expectations by 53%, causing some funds to rotate into tech stocks and keeping Thai stocks under pressure and hard to move. It recommends stocks with supportive factors, namely PTT, GULF, GPSC, BGRIM, and stocks expected to post standout third-quarter profits, namely CPF, BDMS, BH, PR9, and KCE. Data from 594 companies, representing 98% of market capitalisation, show second-quarter 2026 net profit surged to 386 billion baht, growing 10.8% quarter-on-quarter and 12.5% year-on-year, with the energy sector contributing as much as one-third of profits. Commodity-linked stocks such as energy, petrochemicals, food, and agriculture accounted for as much as 44% of total market profit, compared with the normal level of about 30%. First-half profit already accounted for more than 60% of full-year estimates, making third- and fourth-quarter profit targets of only about 19% per quarter, or roughly 228 billion baht, not difficult to achieve. There is also a chance that full-year EPS estimates will be revised upward at year-end, adding upside to the SET Index.

Impact on assets 9

Energy Transition & Power Demand▲ · 4 stocks
PTT Public Company Limited
PTT
▲ PositiveDemandrelevance

Energy sector profits surged, contributing one-third of total market profit, and PTT is recommended as a stock with supportive factors.

Health Care▲ · 2 stocks
Semiconductors▲ · 1 stocks
Aging Population▲ · 1 stocks
Consumer Staples▲ · 1 stocks
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