At the end of the trading session on Thursday, the share price of Dohome Public Company Limited (SET: DOHOME) soared by 9.42% or THB 0.36 to THB 4.18, with a trading value of THB 450.60 million.
Siam Global House Public Company Limited (SET: GLOBAL) surged by 1.57% or THB 0.10 to THB 6.45, with a trading value of THB 199.03 million.
Home Product Center Public Company Limited (SET: HMPRO) gained 1.40% or THB 0.10 to THB 7.25, with a trading value of THB 308.33 million.
Shares of Thai construction material companies exhibited an upward trend, driven by the recent storms that have battered several regions, causing severe flooding in Nan province and other affected areas. The widespread flooding has taken a significant toll on both the economy and the daily lives of residents.
This led to an anticipated surge in demand for home repair and renovation products in the post-flood period, particularly in areas directly impacted by the disaster, and could benefit the construction materials sector and related retail businesses.
Historical data show that after previous flood events, securities firms typically took a positive view toward construction material and home improvement stocks, especially those with widespread branch networks in flood-hit areas, such as HMPRO, GLOBAL, and DOHOME.
These companies, with their extensive presence in the affected provinces, are likely to benefit from increased demand for repair and reconstruction of homes, buildings, and property after the situation subsides. This trend is expected to support their sales and financial performance in the second half of the year.
