SET Expects Up to 30 Billion Baht Year-End Inflow
The Stock Exchange of Thailand forecasts 20-30 billion baht will flow into Thai stocks in the final two months of 2025, driven by tax incentives for Thai ESG funds and other savings schemes. Combined tax deductions could reach 800,000 baht per investor, while the market's P/E ratio of 13.3 times sits below its historical average, and listed firms have paid over 800 billion baht in dividends this year.
SET President Asadeth Kongsiri revealed that the exchange anticipates 20-30 billion baht in investment from tax-advantaged funds entering the Thai stock market during the last two months of 2025, which will help support year-end investment sentiment. The main catalyst comes from measures promoting savings and investment through Thai ESG funds, which currently offer a maximum tax deduction of 300,000 baht with a five-year holding period to encourage longer-term investing. When combined with tax benefits from other measures, the public may utilize total tax deductions of approximately 800,000 baht, providing further incentive to allocate investments for year-end tax benefits. Meanwhile, the SET continues to track progress on the Individual Savings Account for Investment (TISA), with the Ministry of Finance and relevant agencies currently finalizing details to develop more flexible tools for long-term savings and investment. This approach aims to let people plan and choose savings and investment options suited to their life stage and financial position, fostering saving discipline, expanding the investor base, and supporting long-term growth of Thailand's capital market. Regarding the overall Thai stock market, Asadeth noted the current price-to-earnings ratio stands at 13.3 times, below the average by roughly one standard deviation, while listed companies paid over 800 billion baht in dividends during the first nine months of 2025.
