Win Phromphaet, Executive Chairman of Kasikorn Asset Management (KAsset), revealed that the Association of Investment Management Companies (AIMC) has scheduled a meeting on February 13, 2026, to discuss strategies to advance the “Thailand Individual Savings Account” (TISA). The initiative is designed to be a pivotal instrument in revitalizing Thailand’s capital market, which has recently shown signs of stagnation.
TISA will adopt a Dollar Cost Averaging (DCA) investment format, requiring regular monthly contributions, with tailored investment portfolios aligned with individual goals. The account promises attractive tax benefits, mirroring those of the former LTF, SSF, and Thai ESG funds, aiming to encourage long-term retail investor participation through the capital market.
The AIMC plans to further engage the Ministry of Finance, the Securities and Exchange Commission, the Stock Exchange of Thailand, and Federation of Thai Capital Market Organizations to finalize TISA’s details.
Amid improving investor sentiment and heightened trading activity, experts from leading asset management companies are revising their 2026 targets for the SET Index to 1,500 points, up from previous forecasts between 1,280 and 1,450. However, all agree that confirmation of the new government’s formation and its economic stimulus agenda remain key for sustainable gains.
Yodsakorn Follett, CEO of XSpring Asset Management, highlighted renewed optimism: foreign and institutional investors have returned, bolstered by signs of economic and political stability. This confidence is compounded by MSCI’s reduction in Indonesian equity weightings, prompting more foreign capital to flow into Thailand. Sectors benefitting the most are high-dividend stocks, domestic consumption, and banking.
Jessada Sookdhis, CEO of and Co-Founder of Finnomena Mutual Fund Brokerage Securities, observed a shift in Thai equities’ prospects. The company—previously underweight on Thai stocks—is now bullish, expecting accelerated GDP growth upwards of 2% in 2026 and the SET index potentially reaching 1,500 points. Recommended strategies include overweighting cyclical stocks (such as petrochemicals, energy, construction materials), which offer strong dividend yields.
According to Paiboon Nalinthrangkurn, CEO of TISCO Securities, the landslide victory of Bhumjaithai Party in the February election has markedly improved sentiment, largely due to expectations of lasting political stability.
He believes the index could hit 1,500 points, assuming effective reforms targeting structural economic challenges and innovative industry policies are promptly implemented. Crucially, TISA’s role as a permanent tax incentive for equity investment is seen as vital for market liquidity.
The TISA proposal in its current form contemplates a THB 500,000 annual investment limit, additional allowance for the first two years, differentiated tax deductions for ESG-compliant securities, and a minimum five-year holding period.
Asia Plus Securities noted that attractive dividend yields (currently 4.2%) are drawing foreign investors, outperforming the likes of Europe, Hong Kong, Japan, and the U.S. Foreign Investors continue to accumulate Thai equities, particularly the big-cap stocks with strong fundamentals and liquidity, underpinned by high relative yields and positive political developments.
Recommended sectors, amid sustained inflows, include healthcare (BDMS, BH), energy (PTTEP, PTT), tourism and retail (MINT, CPALL, CPN, CRC), and banks and industrial estates (KBANK, KTB, AMATA, WHA), each benefiting from Thailand’s post-election economic recovery and policy clarity.
Bualuang Securities highlighted that since the start of 2026, the North Asian markets (led by South Korea, Taiwan, and Indonesia) experienced heavy fund outflows. Meanwhile, funds have largely flown toward the Thai market—with net buying of about THB 36 billion, followed by the Philippine market with almost THB 10 billion.
