Bualuang Securities (BLS) cited its analysis based on trailing twelve-month data (June 2024 – May 2025), which suggests significant changes are ahead for Thailand’s SET50 and SET100 indices in the second half of 2025.
The review, reflecting constituent eligibility as of the most recent evaluation period, highlights which stocks are expected to be included and excluded as part of the upcoming index rebalancing.
For the SET50—a key benchmark for leading Thai equities—the following stocks are anticipated to join the index: Bangchak Corporation (BCP), Kiatnakin Phatra Bank (KKP), Thanachart Capital (TCAP), and Tidlor Holdings (TIDLOR).
Meanwhile, B.Grimm Power (BGRIM), Siam Global House (GLOBAL), i-Tail Corporation (ITC), and Srisawad Corporation (SAWAD) are projected to exit the index.
A similar shake-up is expected for the broader SET100 index. The likely entrants include AURA, Jasmine Technology Solution (JTS), MBK, Thai Foods Group (TFG), TOA Paint (TOA), and WHA Utilities and Power (WHAUP).
Scheduled for removal from SET100 are CK Power (CKP), COCOCO, Rojana Industrial Park (ROJNA), Sappe, Sky ICT (SKY), and SNNP.
These projections, derived from comprehensive analysis of trading data, underline the dynamic shifts within Thailand’s equity landscape as it heads into the second half of 2025. Market participants will be watching closely to see how these expected changes influence fund flows and investor sentiment.
