Thanachart Securities has issued a ‘BUY’ recommendation for various stocks, including those in the banking, finance, and retail sectors. The analyst advises on banking stocks like KKP, KBANK, and TTB with a high proportion of minor borrowers, finance stocks like MTC and TIDLOR, and ‘Speculative-BUY’ on JMT. For the retail sector, the analyst recommends stocks such as CPAXT, CPALL, CBG, and MOSHI.
The analyst suggests investors paying attention to news concerning the Ministry of Finance’s proposal for measures supporting minor borrowers and SMEs at the cabinet meeting. The proposed measures include a 3-year interest payment suspension for debtors who pay their principal in full and on time, with NPL debtors not exceeding 1 year limited to housing debt not exceeding THB 3 million, car debt not exceeding THB 800,000, and SMEs debt not exceeding THB 3 million.
Additionally, there is a plan to halve the remittance to the Financial Institutions Development Fund (FIDF) to 0.23% per year. The analyst views these measures positively, anticipating them to benefit the banking sector in debt management and boost purchasing power for retail stocks.
Furthermore, the upcoming Ministry of Labour’s board meeting to discuss a potential national minimum wage increase to THB 400 is seen as a positive development for retail stocks.
