Krungsri Securities (KSS) highlighted a positive market outlook in a recent report, citing the upbeat news related to the establishment of a Virtual Bank in Thailand. Several groups that have applied for a license include:
- A collaboration involving KTB, ADVANC, and OR
- A consortium comprised of SCB, South Korea’s KakaoBank, and China’s Webank
- A partnership between Sea Group, BBL, BTS, VGI, SPC, and ThailandPost
- An alliance formed by Lightnet and WeLab
However, there is uncertainty surrounding CP Group’s involvement, with questions arising about whether they have progressed with their application submission.
Strategically, the analyst views this development as advantageous for boosting the growth of the digital sector within the Thai economy over the medium to long term. It is expected to enhance financial inclusion, particularly for individuals with irregular income streams.
With the increase in available data and the utilization of advanced data analytics, there will be a surge in demand for infrastructure technology and digital transformation across the sector. This is likely to generate optimism for infrastructure technology stocks, including WHA, GULF, GPSC, STPI, LTS, DELTA, ADVANC, TRUE, INSET, BE8, and BBIK.
