Analysts Highlight Selective Stocks to Benefit from ‘Thai Chuay Thai Plus’ Measure

published 8 d ago · en · source ↗

Affected tickers

BCP BJC CBG COM7 CPALL GPSC GULF ICHI KKP MTC OSP PTT RELIANCE TIDLOR TISCO TOP TTB

Per-ticker News Sentiment Indicator

BCPmacro · positive · med
Analysts identified BCP as a stock poised to benefit from government policies regarding the promotion of electric vehicles and renewable power generation.
BJCmacro · positive · med
Tisco Securities identified BJC as a listed company expected to benefit from the government's “Thai Chuay Thai Plus” stimulus program.
CBGmacro · positive · med
Analysts identified CBG as a company likely to benefit from the “Thai Chuay Thai Plus” government stimulus program, which aims to boost domestic consumption.
COM7macro · positive · med
Analysts identify COM7 as a company poised to benefit from government policies promoting renewable energy and the distribution of essential equipment.
CPALLother · positive · med
Analysts identify CPALL as a beneficiary of the “Thai Chuay Thai Plus” program, which is expected to provide a positive impetus for the retail sector.
GPSCmacro · positive · med
The government's policy to restructure the energy sector and promote renewable power generation is expected to benefit GPSC as part of the integrated energy and renewable power sectors.
GULFmacro · positive · med
The government's ongoing efforts to restructure the energy sector and promote renewable power generation are expected to benefit GULF.
ICHImacro · positive · med
Tisco Securities identified ICHI as a listed company expected to benefit from the government's “Thai Chuay Thai Plus” stimulus program.
KKPmacro · positive · med
Analysts identify KKP as a financial group poised to benefit from government policies promoting renewable energy and the new energy framework.
MTCmacro · positive · med
Analysts identify MTC as a beneficiary of the “Thai Chuay Thai Plus” program, which is expected to provide a positive impetus for the finance sector.
OSPmacro · positive · med
Analysts identified OSP as a beneficiary of the “Thai Chuay Thai Plus” government stimulus program, which is expected to support consumer spending in the food and beverage sector.
PTTmacro · positive · med
The government's energy sector restructuring and promotion of renewable energy initiatives are expected to benefit PTT as an integrated energy player.
RELIANCEother · neutral · high
The article discusses the “Thai Chuay Thai Plus” stimulus program and energy sector policies, but Reliance Industries Limited is not mentioned as a beneficiary or participant.
TIDLORmacro · positive · med
Analysts identify TIDLOR as a beneficiary of the “Thai Chuay Thai Plus” program, which is expected to support non-bank lenders through increased economic activity.
TISCOmacro · neutral · high
The article mentions several financial stocks as beneficiaries of the “Thai Chuay Thai Plus” measure, but TISCO is not included in the list of companies expected to benefit.
TOPother · neutral · high
The article discusses the “Thai Chuay Thai Plus” program and energy sector restructuring, but TOP is not mentioned as a beneficiary of these specific government initiatives.
TTBmacro · positive · med
Analysts identify TTB as a financial group poised to benefit from government policies including the “Thai Chuay Thai Plus” program and energy sector restructuring initiatives.

Article body

On Monday, registration for the “Thai Chuay Thai Plus” (Thai Helps Thai Plus) program commenced. This initiative targets the general public under the 60/40 co-payment scheme, whereby the government subsidizes 60% of costs while individuals pay the remaining 40%. The program utilizes a centralized database of more than 30 million eligible participants, all of whom can register via the Paotang application. Under this new phase, eligible individuals will receive a budget of THB 1,000 per person each month for a period of four months. Registration is required for all applicants between May 25 and May 29, 2026. The benefit can be used at over one million participating merchants nationwide from 6:00 AM to 11:00 PM daily, beginning June 1 and ending September 30, 2026. Payments must be made via the G-Wallet and are limited to THB 200 per day. Notably, any unused daily allowance will not roll over to subsequent months. Equity analysts expect this policy to provide a positive impetus for the retail, food and beverage, and finance sectors. Tisco Securities identified that both the Thai Chuay Thai Plus program and the recent increase in top-ups for the State Welfare Card are supportive of listed companies such as CPAXT, CPALL, BJC, ICHI, CBG, OSP, MTC, TIDLOR, and AEONTS . In parallel, the government’s ongoing efforts to restructure the energy sector by reducing reliance on fossil fuels and encouraging the adoption of alternative and renewable energy sources are also noteworthy. Measures include the promotion of electric vehicles (EVs) and renewable power generation, coupled with initiatives to develop workforce skills and innovation for a new energy framework. Stocks poised to benefit from these policies include those in the integrated energy and renewable power sectors, specifically PTT, BCP, GULF, and GPSC, as well as financial groups like KKP and TTB . Companies involved in the distribution of solar panels and essential equipment, such as COM7, GUNKUL, SOLAR, and ICN, stand to gain. The industrial estate and construction sectors, represented by firms such as AMATA, WHA, CK, and STECON, are also expected to benefit. Pi Securities stated that the Thai Chuay Thai Plus program, under the 60/40 co-payment mechanism, is ultimately “better to have than not.” With a total project budget of THB 175 billion, this figure represents a relatively small proportion compared to Thailand’s overall economy, which is valued at about THB 18 trillion. As such, the analyst views the program as a measure to “support economic stability” rather than serving as a significant upside or a robust driver of GDP growth. According to government estimates, the scheme may help boost GDP by approximately 0.5%. In terms of market impact, select companies are likely to benefit, especially those in the retail sector, such as CPAXT and CPALL, as well as non-bank lender stocks like MTC, SAWAD, and TIDLOR . However, these gains are not expected to provide a strong upside to the overall market.