Thailand’s largest private asset manager, Kaitai Asset Management, which manages about 2 tln THB (~$60bn), said dividend-paying Thai banks and developers benefiting from the data-center boom are attractive safe-haven trades if other markets sell off. The firm expects Thailand’s benchmark stock index—up about 25% YTD—to extend gains to 1,700 by year-end, roughly 7% above Tuesday’s close.

2026-09-02

Thailand’s largest private asset manager, Kaitai Asset Management, which manages about 2 tln THB (~$60bn), said dividend-paying Thai banks and developers benefiting from the data-center boom are attractive safe-haven trades if other markets sell off. The firm expects Thailand’s benchmark stock index—up about 25% YTD—to extend gains to 1,700 by year-end, roughly 7% above Tuesday’s close.