On Wednesday at 2:09 PM (Bangkok time), the share price of Gulf Development Public Company Limited (SET: GULF) rose by 3.04% or THB 1.75 to THB 59.25, with a trading value of THB 2.42 billion.
Gunkul Engineering Public Company Limited (SET: GUNKUL) surged by 3.77% or THB 0.12 to THB 3.30, with a trading value of THB 480.82 million.
B.Grimm Power Public Company Limited (SET: BGRIM) gained 3.05% or THB 0.40 to THB 13.50, with a trading value of THB 244.28 million.
According to Pi Securities, Thailand’s government’s plan to issue a 400-billion-baht loan decree to stimulate the economy and support various infrastructure developments—particularly initiatives promoting clean energy—could have a positive impact on the stock market, specifically for companies linked to the solar industry.
The proposal includes substantial subsidies for clean energy transition and measures to reduce reliance on oil by encouraging the adoption of solar power in both the industrial and household sectors.
The brokerage notes that this policy serves as a significant catalyst for solar-related businesses. Companies within the power generation sector that have a strong involvement in solar energy, such as GUNKUL, GULF, and BGRIM, are particularly well-positioned to benefit if the government successfully implements these measures.
Furthermore, a comprehensive household solar installation subsidy program could result in a broader expansion of solar energy adoption nationwide. Other stocks associated with solar installation, such as SCC and HMPRO, are likely to see positive momentum from this development.
