TTB Wealth Flags 5 Stocks Set to Benefit from the Thai Chuay Thai Plus Scheme Extension

MacroIndustry

โดย HoonVision·

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Summary · why it matters

TTB Wealth, the securities arm of TTB Bank, said the Ministry of Finance has confirmed a two-month extension of the Thai Chuay Thai Plus scheme, covering October through November, to help ease the cost of living amid persistently high energy prices. The extension will use the remaining budget, and the subsidy conditions remain unchanged at the 60/40 split. The proposal is set to go before the Cabinet meeting on September 22. TTB Wealth views this positively for the food retail sector, namely CRC, which operates the GO Wholesale cash-and-carry business, and CPN, which benefits from higher shopper traffic at its malls, as well as CBG. It also sees gains for the telecommunications sector from higher top-up revenue, namely ADVANC and TRUE.

Central Retail Corporation Public Company Limited ▲

Advanced Info Service Public Company Limited ▲

Carabao Group Public Company Limited ▲

Central Pattana Public Company Limited ▲

True Corporation Public Company Limited ▲

Impact on stocks 5

Cloud & Digital Infrastructure▲ · 2 stocks

Advanced Info Service Public Company Limited

▲ PositiveDemandrelevance

Higher top-up revenue expected for ADVANC from the Thai Chuay Thai Plus scheme extension boosting consumer spending.

True Corporation Public Company Limited

▲ PositiveDemandrelevance

TRUE expected to gain from higher top-up revenue as the scheme extension supports consumer spending.

Consumer Discretionary▲ · 1 stocks

Central Retail Corporation Public Company Limited

▲ PositiveDemandrelevance

CRC's GO Wholesale cash-and-carry business is named as a direct beneficiary of the Thai Chuay Thai Plus extension.

Consumer Staples▲ · 1 stocks

Carabao Group Public Company Limited

▲ PositiveDemandrelevance

CBG seen as a beneficiary of the scheme extension as it supports food retail/consumer spending.

Real Estate▲ · 1 stocks

Central Pattana Public Company Limited

▲ PositiveDemandrelevance

CPN benefits from higher shopper traffic at its malls due to the subsidy scheme extension.