Finance Ministry extends Thai Help Thai Plus Phase 2, injecting 7.1 billion baht

MacroAnalyst
โดย Kaohoon·TH·Read original
Summary · why it matters

The Ministry of Finance is preparing to extend the Thai Help Thai Plus Phase 2 programme by another two months, covering October through November 2026, using the same 60:40 formula. Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said the extension will use remaining budget and will not divert funds from the second tranche earmarked for the energy transition, and that it will be submitted to the Cabinet meeting on 22 September 2026. Analysts at Dao Securities Thailand turned more positive after the timeline became clearer, with the stocks benefiting most from domestic revenue exposure being NEO, rated Buy with a target price of 31 baht, CBG, rated Buy with a target price of 67 baht, and OSP, rated Buy with a target price of 20 baht. Meanwhile, Finansia Syrus Securities estimates that the Phase 2 measure will inject an additional 3.5 to 7.1 billion baht into the system in the fourth quarter of 2026, helping consumption and same-store sales continue to recover. It expects third-quarter 2026 profits for DOHOME and COM7 to grow by around 35 to 45 percent year on year, and keeps its weighting on the commerce sector at NEUTRAL, selecting BJC and COM7 as its top picks.

Impact on stocks 6

Consumer Staples▲ · 4 stocks
Carabao Group Public Company Limited
CBG
▲ PositiveCapitalrelevance

Dao Securities rates CBG Buy with a 67 baht target price, citing its domestic revenue exposure as a beneficiary of the stimulus extension.

Neo Corporate Pcl
NEO
▲ PositiveCapitalrelevance

Dao Securities rates NEO Buy with a 31 baht target price, citing its domestic revenue exposure as a beneficiary of the stimulus extension.

Osotspa Public Company Limited
OSP
▲ PositiveDemandrelevance

Analysts at Dao Securities rate OSP Buy with a 20 baht target as a top beneficiary of domestic revenue exposure from the extended Thai Help Thai Plus Phase 2 stimulus, which injects up to 7.1 billion baht into consumption.

Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

Finansia Syrus selects BJC as a top pick in the commerce sector, expecting the Thai Help Thai Plus Phase 2 stimulus to boost consumption and same-store sales.

Consumer Discretionary▲ · 2 stocks
Com7 PCL
COM7
▲ PositiveDemandrelevance

Finansia Syrus expects COM7's Q3 2026 profit to grow 35-45% YoY and names it a top commerce pick as the 3.5-7.1 billion baht stimulus lifts consumption.

Dohome Public Company Limited
DOHOME
▲ PositiveCapitalrelevance

Finansia Syrus expects DOHOME's Q3 2026 profit to grow around 35-45% year on year on the back of the Phase 2 consumption stimulus.

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