On Monday at 11:23 AM (Bangkok time), the share price of Siam Global House Public Company Limited (SET: GLOBAL) jumped by 5.00% or THB 0.30 to THB 6.30, with a trading value of THB 60.16 million.
Dohome Public Company Limited (SET: DOHOME) surged by 2.23% or THB 0.08 to THB 3.66, with a trading value of THB 64.42 million.
Home Product Center Public Company Limited (SET: HMPRO) gained 2.59% or THB 0.15 to THB 5.95, with a trading value of THB 113.90 million.
Pi Securities wrote that the notable rise in construction material stocks is likely due to speculation about the positive impact of widespread flooding in several areas. Recently, severe flooding has occurred in the lower southern region, from Hat Yai District in Songkhla Province onwards.
The government is preparing to introduce relief measures to assist affected residents, especially those whose homes and public infrastructure have suffered damage. After the floods subside, it is expected that there will be increased demand for goods and construction materials related to repair work.
This is seen as a supportive factor for retail construction material stocks such as GLOBAL, HMPRO, and DOHOME, which are expected to benefit directly from post-flood home repair activities.
