As Mr. Anutin Charnvirakul has secured more than 247 votes from members of the House of Representatives, officially paving the way for him to become Thailand’s 32nd prime minister, Phillip Securities notes the development reduces prevailing political uncertainty, providing a boost to Thailand’s financial markets.
The SET index is now expected to rebound, potentially testing the 1,270/1,285 point range.
Stocks most likely to benefit in the near term will be those tied closely to domestic themes and policies favored by Anutin’s Bhumjaithai Party. Notably, the stocks expected to rally are:
- Emergency Loan Policy (THB 50,000): CPALL, CPAXT, BJC, TNP
- Landbridge Project (Gulf of Thailand–Andaman): STECON, CK, UNIQ, PYLON
- Electric Bus Initiative: EA, GULF, BGRIM, GPSC
- Tourism Boost Policies: MINT, CENTEL, ERW, AWC, AAV, AOT, THAI
- Three-Year Debt Moratorium: MTC, KTC, SAWAD, SCB, KBANK
- Flourishing Agriculture (Contract Farming): AEONTS, SAT, SINGER
- Home Solar Cell Scheme: SOLAR, COM7, GUNKUL, SCGP
- Additional Policy Themes: RBF, NRF, DOD
These sectors and names are likely to be in focus as investors react positively to the anticipated policy directions of the new government.
