Tech Stocks to Benefit from Thailand’s Transformation to Central Digital Platform

Ms. Sasikarn Wattanachan, Deputy Spokesperson for the Prime Minister’s Office, revealed on June 4 that the cabinet approved the Office of the Public Sector Development Commission (OPDC)’s plan of bringing government service to the central digital platform, providing Biz Portal and Citizen Portal services, respectively for business and public. The cabinet aims to bring 2,101 offline services within the fiscal year of 2025 to 2027.

The project will gather the government services that still did not have any e-service and connect those that already have e-service to the center platform. The OPDC will constantly monitor the process. So far, the government has already gathered 182 services. This plan will also be adjusted to align with the government’s five urgent policies and ten focus areas of The Digital Government Development Plan Of Thailand (2023 – 2027).

Mr. Koraphat Vorachet​​, Assistant to the Managing Director and Division Head of Research at Krungsri Securities, stated that the purpose of this project is to improve the accessibility of public service and government information, convenience, speed, and transparency. Beside the structural reform, this plan will also create infrastructure for sustainable digital transformation.

The Biz Portal would provide benefits to several industries, especially the companies that relate to digital infrastructure. For example, the consulting companies would have an opportunity to design technology structure and provide advice for connecting the information. Those companies could be the Bluebik Group PCL (mai: BBIK), Beryl 8 Plus PCL (mai: BE8), MFEC PCL (SET: MFEC), and Advanced Information Technology PCL (SET: AIT).

The project would also raise the demand on gathering big data and IT equipment, benefiting the data center providers and the hardware suppliers, likes Advanced Info Service PCL (SET: ADVANC), True Corporation PCL (SET: TRUE), Advice IT Infinite PCL (SET: ADVICE), SiS Distribution (Thailand) PCL (SET: SIS), and Com7 PCL (SET: COM7).

Furthermore, the plan also benefits those that connect the private sector to the government’s platform such as Infraset PCL (SET: INSET) as the project will stimulate the entire digital sector.

This Biz Portal can be regarded as a megaproject that has high potential in improving Thailand’ public service to the digital era completely. It can also be an essential mechanism in driving the technology business, creating new investment opportunities and connecting the government and private sector effectively.