New stimulus likely to boost Thai stocks

Analysts are upbeat about the Thai stock market's prospects, particularly those in the retail, food and beverage, and tourism sectors, as the new government prepares to revive the “Khon La Khrueng” (co-payment) scheme, a policy aimed at stimulating consumption and easing living costs.

- NUNTAWUN POLKUAMDEE

Prime Minister Anutin Charnvirakul announced four urgent priorities for his new administration: economic recovery, national security, disaster response, and social stability. Among these priorities is the relaunch of the Khon La Khrueng programme, which is expected to directly support household purchasing power and drive short-term economic growth.

Daol Securities said the scheme would benefit sectors tied to consumer spending, including retail, food and beverage, tourism, construction, and ICT.

Utilities may see limited downside due to lower electricity tariffs, though Daol noted that falling LNG prices and the incoming energy minister's industry experience should prevent excessive intervention.