Bua Luang Securities projects foreign capital inflow into Thai stocks will reach 150 billion baht in 2026, driven by the global manufacturing cycle entering early-to-mid expansion phase. The brokerage has raised 2026 earnings forecasts 11% and targets SET Index at 1,650-1,710 points by 2027. Key growth catalysts include rising cyclical sector profits (energy, petrochemicals, electronics), broadening profit recovery across finance and retail, and significant FDI inflows in data centers (up 80% in H1 2026). However, electricity and water infrastructure constraints in the EEC may limit further data center expansion.