Finance Ministry Permanent Secretary Backs Extension of Thai Chai Thai Plus Phase 2; Brokers Favor CPAXT, BJC, NEO as Beneficiaries

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

Lavaron Sangsnit, Permanent Secretary of the Ministry of Finance and chairman of the screening committee for the 400-billion-baht emergency loan decree, said there is justification and necessity to extend the Thai Chai Thai Plus Phase 2 program, as energy price pressures from external factors remain prolonged, especially oil prices that have risen above 100 again. The existing program ends on September 30, so it must be pushed forward quickly to avoid a gap in assistance to the public. As for the funding, the first relief loan tranche of 200 billion baht now has about 40 billion baht remaining; at the current payout rate it would last only one month. But under legal provisions, funds can be shifted from the second tranche of 200 billion baht to top up the first, allowing the program to be extended beyond one month, or possibly through the end of the year. The screening committee is scheduled to meet this week before submitting the matter to the Cabinet for approval. Meanwhile, analysts at Dao Securities (Thailand) have a positive view on retail and related stocks, favoring CPAXT with a buy rating and a target price of 17.00 baht, and BJC with a buy rating and a target price of 18.50 baht, as they are key suppliers to general stores and restaurants participating in the program. They also favor NEO in the consumer goods group with a buy rating and a target price of 27.00 baht. The research team expects third-quarter 2026 profit to grow from the same period last year on domestic revenue growth of 12%, and has raised its 2026-2027 profit forecasts by 13% and 3% respectively. It projects 2026 net profit at about 642 million baht, up 14% from the previous year.

Impact on stocks 3

Consumer Staples▲ · 3 stocks
Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

BJC named by Dao Securities as a key supplier to stores and restaurants in the Thai Chai Thai Plus Phase 2 program, which is set to be extended.

CP Axtra Public Company Limited
CPAXT
▲ PositiveDemandrelevance

CPAXT favored with a buy rating and 17.00 baht target as a beneficiary of the extended Thai Chai Thai Plus Phase 2 program.

Neo Corporate Pcl
NEO
▲ PositiveDemandrelevance

NEO favored in the consumer goods group with a buy rating and 27.00 baht target, expected to gain from the program extension and domestic revenue growth.

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