Yuanta expects Q3 2026 SET-listed earnings of 350 billion baht, up 39%, with full-year profit possibly hitting a record 1.5 trillion

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Yuanta Securities (Thailand) expects third-quarter 2026 earnings of listed companies to come in at 350 billion baht, up 39% from the same period a year earlier, a level it describes as high compared with the historical quarterly profit range of 150 to 250 billion baht. The gain is driven by the energy and petrochemical sectors, which continued to grow strongly after oil prices surged about 44% late in the quarter, giving refineries and petrochemical producers inventory gains that lifted their results. Teerdsak Taweethiratham, an executive director at Asia Plus Securities, said third-quarter 2026 earnings should grow from a year earlier but decline from the second quarter of 2026, and estimated bank profits at 65 billion baht. If third-quarter earnings meet expectations, nine-month 2026 profits would reach 1.1 trillion baht, and if the fourth quarter of 2026 continues to grow on the back of government infrastructure investment in energy and private-sector upgrades to production capacity for the high-end semiconductor supply chain, full-year 2026 earnings could set a new record of about 1.4 to 1.5 trillion baht, up 30% to 40% from a year earlier, equal to earnings per share of 112 to 115 baht, compared with the Bloomberg Consensus estimate of 110 baht per share. The research team recommends trading plays on stocks with strong third-quarter 2026 results and momentum continuing into next year, namely GULF, GUNKUL, SSP, EPG, SINGER, SGC, BEM, SMT, TEAM, MINT and CHG.

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SGC
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SGC is among the stocks Yuanta recommends as a trading play on strong Q3 2026 results and momentum into next year.