Krungsri Securities has identified several stocks that are set to benefit from the new Data Hosting project investment by TikTok, following the announcement from the short video platform to invest 300 billion baht in Thailand in the next five years as a regional hub.
Mr. Korapat Worachet, Deputy Managing Director and Head of Research at Krungsri Securities, highlighted that certain industry groups stand to gain significantly from this investment.
Industrial Estate Group: This includes companies like Amata Corporation Public Company Limited (SET: AMATA), which are expected to benefit from the infrastructural developments.
Power Plant Sector: Key beneficiaries in this category are Gulf Energy Development Public Company Limited (SET: GULF) and Global Power Synergy Public Company Limited (SET: GPSC), which will see increased demand for energy to support technological infrastructure.
Telecommunications Group: Companies like Advanced Info Service Public Company Limited (SET: ADVANC) and True Corporation Public Company Limited (SET: TRUE) are anticipated to experience favorable impacts as the demand for enhanced telecommunication services rises.
Analysts at Bualuang Securities further identified that companies such as Beryl 8 Plus Public Company Limited (mai: BE8) and Bluebik Group Public Company Limited (mai: BBIK) will be positively affected by TikTok’s investment, as well as telecom companies like ADVANC, TRUE, and Interlink Telecom Public Company Limited (SET: ITEL).
The power sector will also see gains with companies like GULF and B.Grimm Power Public Company Limited (SET: BGRIM) poised to profit.
Moreover, the banking sector is expected to benefit from an uptick in personal loan demands. These loans are anticipated to be used by individuals seeking to expand their online sales businesses on TikTok. Major benefactors in this category include Kasikornbank Public Company Limited (SET: KBANK), Krung Thai Bank Public Company Limited (SET: KTB), and SCB X Public Company Limited (SET: SCB).
This insightful analysis underscores the far-reaching impact of TikTok’s significant investment in Thailand, offering lucrative opportunities across several key economic sectors.
