On August 14, 2026, shares of several prominent non-bank finance companies in Thailand experienced a sharp downturn during afternoon trading. As of 14:41 local time in Bangkok, Srisawad Corporation (SET: SAWAD) fell 3.27% to THB 23.70, Srisawad Capital 1969 (SET: SCAP) decreased by 5.06% to THB 1.69, Next Capital (SET: NCAP) declined 3.21% to THB 3.62, and Muangthai Capital (SET: MTC) dropped 3.70% to THB 32.50.
The declines came amid concerns following market rumors that the Bank of Thailand (BOT) may tighten regulations on the non-bank sector. According to commentary from Yuanta Securities, the pullback in share prices seems to be a reaction to speculation about enhanced BOT oversight. The securities firm, however, points out that most listed non-bank firms are already in compliance with the established Market Conduct standards.
Yuanta Securities further assesses that the BOT’s regulatory focus will likely be on unlisted providers that are not yet under the central bank’s supervision, rather than tightening measures for already compliant listed firms.
Therefore, the current price correction is, in Yuanta’s view, an opportunity to accumulate shares in non-bank finance companies. The firm expects that the sector’s leading firms — SAWAD, MTC, SCAP, and NCAP — will deliver year-on-year and half-on-half net profit growth in the second half of 2026.
