On Tuesday at 11:38 AM (Bangkok time), the share price of Bangkok Bank Public Company Limited (SET: BBL) rose by 1.25% or THB 2.00 to THB 161.50, with a trading value of THB 1.17 billion.
Kasikornbank Public Company Limited (SET: KBANK) grew by 1.32% or THB 2.50 to THB 191.50, with a trading value of THB 1.19 billion.
Krung Thai Bank Public Company Limited (SET: KTB) surged by 1.80% or THB 0.50 to THB 28.25, with a trading value of THB 1.10 billion.
SCB X Public Company Limited (SET: SCB) increased by 0.77% or THB 1.00 to THB 131.50, with a trading value of THB 767.55 million.
TMBThanachart Bank Public Company Limited (SET: TTB) added 0.52% or THB 0.01 to THB 1.94, with a trading value of THB 286.39 million.
Srisawad Corporation Public Company Limited (SET: SAWAD) gained 0.96% or THB 0.25 to THB 26.25, with a trading value of THB 86.18 million.
Krungsri Securities (KSS) wrote that Thailand’s economic cabinet on Monday approved four key measures to support economic recovery, with the details as follows:
- Debt & Loan Relief: The measures include a principal and interest payment halt for loans up to 1 million baht per borrower, offering a 0% interest rate for 12 months without the loan being classified as non-performing (NPL). There are also rehabilitation loan programs, such as up to 100,000 baht in relief loans for existing borrowers and soft loans for SMEs. These SME soft loans will be backed by the Thai Credit Guarantee Corporation, enabling entrepreneurs to resume business, with further cooperation expected from the Bank of Thailand.
- Direct Household Support: The cabinet will authorize emergency budget disbursement to offer direct cash handouts of 9,000 baht per household.
- Tax and Fee Relief: The measures extend deadlines for tax and fee payments and provide personal income tax deductions for home repairs.
- Cost Reduction for Businesses: The government will exempt duties on machinery and parts used for replacing or repairing assets damaged by flooding, and waive state property rental charges for tenants affected by the floods.
Krungsri views the debt moratorium as particularly positive for hire-purchase firms, highlighting MTC and SAWAD as key beneficiaries. Large banks, such as KTB and KBANK, are also expected to see reduced asset quality risks.
Additionally, companies in construction and building supplies, such as GLOBAL, TOA, and SCC, stand to gain as state-sponsored repair efforts ramp up, while tourism-related stocks like AOT and CENTEL may benefit as the recovery gathers pace.
