Dao points to NEO, CBG, OSP as biggest beneficiaries of Thai Chai Thai Plus and new phase of state welfare card

AnalystMacro
โดย ทันหุ้น·TH·Read original
Summary · why it matters

Dao Securities said that following news the government will extend the Thai Chai Thai Plus measure and the state welfare card by another two months, its research team has a more positive view of Thai Chai Thai Plus and the new phase of the state welfare card, as the timeline has become clearer. The stocks benefiting most, based on their share of domestic revenue, are NEO with a target price of 31.00 baht, CBG with a target price of 67.00 baht, and OSP with a target price of 20.00 baht. In the food and beverage group, CBG derives 35% of total revenue from domestic branded own products. OSP derives 66% of total revenue from domestic beverages. SAPPE has a target price of 35.00 baht and derives 27% of total revenue from domestic sales, while SNNP has a target price of 8.00 baht and derives 79% of total revenue from domestic sales, split into 65% modern trade and 35% traditional trade. In the consumer goods group, NEO derives 92% of total revenue from domestic sales, and OSP derives about 12% of total revenue from domestic personal care.

Impact on stocks 5

Consumer Staples▲ · 5 stocks
Carabao Group Public Company Limited
CBG
▲ PositiveDemandrelevance

CBG named as a top beneficiary of the extended Thai Chai Thai Plus and state welfare card measures, with 35% of revenue from domestic branded products.

Neo Corporate Pcl
NEO
▲ PositiveDemandrelevance

NEO named as the biggest beneficiary, deriving 92% of total revenue from domestic sales, boosted by the extended stimulus measures.

Osotspa Public Company Limited
OSP
▲ PositiveDemandrelevance

OSP named among the biggest beneficiaries, with 66% of revenue from domestic beverages and 12% from domestic personal care.

Sappe Public Company Limited
SAPPE
▲ PositiveDemandrelevance

SAPPE cited as a beneficiary with 27% of total revenue from domestic sales under the extended welfare measures.

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