Yuanta expects SET Q3 2026 profit to grow 39% to 350 billion baht, full-year seen hitting a record 1.4-1.5 trillion baht

Money & Banking··TH·Read original
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Summary · why it matters

Yuanta Securities (Thailand) expects profits of the Thai stock market, or SET Index, in the third quarter of 2026 to come in at about 350 billion baht, up 39% from the same period a year earlier, a level it considers high compared with the historical quarterly profit range of roughly 150-250 billion baht. The main drivers come from the energy and petrochemical sectors after oil prices rebounded sharply by about 44% this quarter, boosting inventory gains for refiners and petrochemical producers. Meanwhile, a stable to weaker baht is a positive for exporters, including electronics components, transport and agricultural goods. A low base in the third quarter of 2025, caused by major flooding and the Thai-Cambodian border problems, is also helping sectors tied to the domestic economy and tourism recover strongly. Of the 20 industry groups analysed, Yuanta expects 17 to post profit growth from a year earlier, two to stay flat, and only commercial banks to see profits slow. If that plays out, SET profits for the first nine months of 2026 will be about 1.1 trillion baht, and the full year 2026 could set a new record high of about 1.4-1.5 trillion baht, growing roughly 30-40% from a year earlier, equivalent to earnings per share of about 112-115 baht, above the Bloomberg Consensus market estimate of 110 baht per share. Yuanta recommends trading for gains in stocks expected to post strong third-quarter 2026 results with profit momentum continuing into 2027, namely GULF, GUNKUL, SSP, EPG, SINGER, SGC, BEM, SMT, TEAM, MINT and CHG.

Impact on assets 11

Energy Transition & Power Demand▲ · 3 stocks
Consumer Discretionary▲ · 2 stocks
Semiconductors▲ · 2 stocks
Stars Microelectronics (Thailand) PCL
SMT
▲ PositiveDemandrelevance

Yuanta recommends SMT as a stock expected to post strong Q3 2026 results, with electronics components exporters helped by a stable-to-weaker baht.

Industrials▲ · 1 stocks
Health Care▲ · 1 stocks
Chularat Hospital Public Company Limited
CHG
▲ PositiveDemandrelevance

CHG is among Yuanta's recommended stocks for strong Q3 2026 profit momentum, supported by the domestic-economy and tourism recovery from the low 2025 base.

Climate Adaptation & Water▲ · 1 stocks
Financials▲ · 1 stocks
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