On Thursday, share prices of retail sectors settled higher on Thursday, led by Home Product Center Public Company Limited (SET: HMPRO) closing at THB 9.25 or a 5.71% gain. The lowest price during the session was THB 8.80 and the highest was THB 9.30, with a total trading value of THB 460.87 million.
Central Retail Corporation Public Company Limited (SET: CRC) closed at THB 35.50 or a 4.41% gain. The lowest price during the session was THB 34.25 and the highest was THB 35.75, with a total trading value of THB 415.79 million.
CP Axtra Public Company Limited (SET: CPAXT) closed at THB 28.25 or a 3.67% gain. The lowest price during the session was THB 26.75 and the highest was THB 28.50, with a total trading value of THB 585.43 million.
CP All Public Company Limited (SET: CPALL) closed at THB 56.00 or a 0.45% gain. The lowest price during the session was THB 55.75 and the highest was THB 56.50, with a total trading value of THB 1,534.66 million.
Krungsri Securities said in Thursday’s analysis that the consumption in Thailand will be more active from today (16 January) through February 2025, which is the period of the Easy E-Receipt policy, that would later be bolstered by the second phase of the Digital Wallet program set to roll out on 27 January. Reinforcing domestic stock such as those in the retail sector (CRC, HMPRO), financing (KTC, MTC), and banks.
Asia Plus Securities stated that these stimulus measures would help strengthen the country’s gross domestic product (GDP) in 2025. The securities forecast a 3% GDP growth in 2025, 4% in 2026, and could grow by 5% in 2027, according to Taksin Shinawatra’s statement during the “Chat with Tony” conference. These measures will be key benefiting factors for companies in the Stock Exchange of Thailand.
The government’s economic stimulus measures consist of three major programs including:
- Easy E-Receipt 2.0 for tax reduction in 2025, which would be in effect from 16 January to 28 February. The program would be using THB 70 billion of the national budget.
- THB 10,000 Digital Wallet second phase for four million elderly, which is set to release on 27 January, and details for phase three are expected to be clarified in 2Q25. The program would be using THB 40 billion of the national budget.
- Baan Puer Kon Thai housing program, which would be spearheaded in Bang Sue Kor Moh 11, Chiang Rak, Thonburi station, and Chiang Mai station. Pre-orders for houses in the program would begin on 17 January, with the mortgage starting at THB 4,000 per month.
For the Digital Wallet program phase two, the assistant minister of treasury revealed that the project would consist of a THB 10,000 cash giveaway.
The beneficiary would be the elderly from at least 50-60 years old. The treasury minister estimated that the program would push 4Q24 GDP up by 4.3-4.4% compared to the same period the previous year, and the program would be reinforced by various stimulus measures that have been prepared during the end of the year.
Stocks that would benefit and have a positive sentiment toward the program include companies from the agriculture-food sector such as CPF, CBG, OSP, ICHI, and M, the retail sector such as CPALL, CRC, BJC, CPAXT, and MTC and SAWAD from rental sector.
