Watch for Phase Two of "Thai Chuay Thai Plus" — Standout Stocks CPAXT, BJC, CPALL

MacroIndustry
โดย Share2Trade·TH·Read original
Summary · why it matters

The Ministry of Finance is considering extending the "Thai Chuay Thai Plus" program, a 60/40 co-payment measure, by roughly one to two months from its original end date of September 30, 2026. The co-payment formula may be adjusted from 60/40 to 50/50 or to the "Khon La Khrueng" half-half format if the extension goes ahead. The program is drawing close attention amid the protracted war between the United States and Iran in the Middle East, which has pushed crude oil prices above 100 dollars per barrel, pressuring travel costs, transport costs, and the public's cost of living. From a stock market perspective, the stock expected to benefit most is CPAXT, which not only gains directly from consumers but is also supported by the mom-and-pop shops and small retailers joining the program, who must buy stock from Makro. Previously, Krungsri Securities viewed CPAXT as one of the stocks benefiting from the measure and gave it a target price of 19 baht. BJC, or Berli Jucker, holds both the Big C retail business and a consumer goods business. CPALL benefits directly from higher consumption through its nationwide 7-Eleven network. Globlex Securities also previously picked CPALL and CPAXT as stocks benefiting from government measures and the stimulus of purchasing power, while consumer goods names such as CBG and OSP stand to gain in a "second round" manner.

Impact on stocks 5

Consumer Staples▲ · 4 stocks
CP Axtra Public Company Limited
CPAXT
▲ PositiveDemandrelevance

CPAXT is expected to benefit most, gaining directly from consumers plus mom-and-pop shops buying stock from Makro under the program.

Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

BJC's Big C retail and consumer goods businesses stand to gain from the Thai Chuay Thai Plus co-payment stimulus boosting consumption.

Osotspa Public Company Limited
OSP
▲ PositiveDemandrelevance

OSP is cited as a consumer goods name that stands to gain in a 'second round' manner from the stimulus measure.

Digital Finance & Tokenization▲ · 1 stocks
CP ALL Public Company Limited
CPALL
▲ PositiveDemandrelevance

CPALL benefits directly from higher consumption through its nationwide 7-Eleven network under the co-payment program.

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