Analysts at Trinity Securities say the SET could pass its 2018 record of 1,852 points next year if listed companies earn about 117 baht per share, per Bloomberg consensus. BofA's earnings revision ratio for Thai stocks in August was 3.07x, the highest in Asia Pacific ex-Japan. Key conditions: interest rates stay near 1% (the BoT held at 1.00% on 26 August) and FDI keeps flowing. Watch the government's tighter screening of investment-promotion applicants, which could mean actual investment falls short of approved figures. For a small business this is market background; no immediate action is needed.