CGS-CIMB Securities recommended “BUY” on stocks in the tourism and retail sectors on Monday, citing a number of new stimulus packages such as the We Travel Together Phase 5 scheme and the Shop and Payback Campaign. The following stocks come highly recommended: AOT, CENTEL, ERW, MINT, SHR, BJC, CPALL, CRC, COM7, CPN, HMPRO, GLOBAL, JMART, M, MAKRO, and MC.
There will be a cabinet meeting on Wednesday (20 Dec.) to discuss a proposal from the Tourism Authority of Thailand to relaunch the stimulus package, which includes the We Travel Together Phase 5 scheme and the Shop and Payback campaign.
CGS-CIMB Securities anticipates that the cabinet will approve the aforementioned measures, and thus recommends AOT, CENTEL (TP: THB 59.00), ERW, MINT (TP: THB 38.00), and SHR (TP: THB 6.20) as they are likely to benefit from the We Travel Together Phase 5 scheme, as well as BJC, CPALL (TP: THB 82.00), CRC (TP: THB 48.00), COM7, CPN (TP: THB 80.00), HMPRO (TP: THB 15.70), GLOBAL (TP: THB 25.50), JMART, M, MAKRO, and MC given that they are expected to benefit from the Shop and Payback campaign.
