YUANTA says Krung-Or plan to push investment to 30% of GDP will support power-plant and contractor stocks

Kaohoon··Read original
2▲10 ▼0Impact / 5
Summary · why it matters

Analysts at Yuanta Securities Thailand, or YUANTA, say the formation of five working groups under the Joint Public-Private Sector Consultative Committee, or Krung-Or, will boost money circulating in the economy by as much as 600 billion to 800 billion baht per year if the country's investment ratio can be lifted from the current 22 to 23 percent to 30 percent of gross domestic product as targeted. The plan is divided into three phases: a short-term phase of six months, a medium-term phase of two years, and a long-term phase of four years, covering strategies in investment, artificial intelligence and digital technology, the green economy, finance, and healthcare. Stocks expected to benefit directly include GULF, GUNKUL, KTB, STECON, CK, FORTH, SKY, PIS, DITTO, SAMART, and TASCO, especially power-plant operators and companies likely to win project work from the public sector. Analysts recommend closely monitoring progress in the first six months, because if the plan is executed as scheduled it will help restore confidence and support long-term earnings growth.

Impact on assets 11

Energy Transition & Power Demand▲
Industrials▲
CH. Karnchang PCL
CK
▲ PositiveDemandrelevance

Expected to win public-sector project work from investment plan

Carbon Removal (DAC)▲
Digital Finance & Tokenization▲
Cybersecurity & Digital Trust▲
Information Technology▲
Artificial Intelligence▲
Financials▲
Materials▲