FETCO signals continued positive momentum for Thai equities, with year-end 2026 target around 1,700 SET points. Foreign investors, holding low positions historically, have already bought net 50 billion baht YTD and could reach 100 billion baht by year-end. Foreign analysts are upgrading earnings forecasts for Thai listed companies—a shift from prior years' pattern of forecast cuts. Key risks remain political stability and continuity of investment plans; market strength depends on fundamentals, foreign fund flows, and policy consistency rather than sentiment alone.