Q2 GDP grows 1.9%, beats forecast; Yuanta flags 10 standout stocks

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

The Office of the National Economic and Social Development Council reported that gross domestic product in the second quarter of 2026 expanded 1.9% from a year earlier, slowing from 2.8% in the first quarter but above the market forecast of 1.7%. The main support came from private investment, which grew strongly in line with investment promotion applications, while private consumption slowed to 1.9% from 3.3% in the previous quarter amid higher domestic energy prices, and government spending was weak because disbursement had already been accelerated earlier. Yuanta Securities expects consumption to recover clearly in the third quarter from the full-quarter impact of the Thai Chuay Thai Plus measures, and government spending to accelerate toward the end of the fiscal year. It maintains a positive view on construction contractors, power plants, industrial estates, retail, and food and beverage, citing stocks CK, STECON, GUNKUL, GULF, FORTH, SAMART, EPG, BJC, CPALL and CBG. The planning agency also raised its GDP forecast for this year to 2.0 to 2.5% from 1.5 to 2.5%, and lowered its inflation forecast to 1.5 to 2.0% from 2.0 to 3.0%, which helps ease pressure on monetary policy tightening.

Impact on stocks 10

Energy Transition & Power Demand▲ · 3 stocks
Consumer Staples▲ · 2 stocks
Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

Retail sector positive outlook due to expected consumption recovery in Q3.

Digital Finance & Tokenization▲ · 2 stocks
Industrials▲ · 1 stocks
CH. Karnchang PCL
CK
▲ PositiveDemandrelevance

Construction contractors positive outlook due to expected government spending acceleration.

Climate Adaptation & Water▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
STECON Group Public Company Limited
STECON
▲ PositiveDemandrelevance

Yuanta maintains positive view on construction contractors, listing STECON as a standout stock, indicating strong demand for its construction services.

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