On June 23, at 1:30 p.m., Prime Minister Anutin Charnvirakul will preside over the opening ceremony of the “Thailand FastPass for Accelerating Investment” at the Government House. The event will be attended by top executives from multiple government agencies, and representatives from private companies selected for the Thailand FastPass program.
Deputy Prime Minister Ekniti Nitithanprapas, who oversees the Board of Investment (BOI), highlighted that Thailand FastPass builds on the success of the BOI Fast Pass project by unlocking legal and investment barriers. He emphasized that recent government reforms—especially the integration of government agencies in the approval process—have successfully stimulated real investment without requiring additional budgets. This effectiveness is reflected in the growing inflows of foreign direct investment (FDI) into Thailand.
Resolving these obstacles is expected to unlock around THB 350 billion in additional investment by 2027. Notably, most projects are within target industries such as biotechnology, modern automotive parts, aerospace components, advanced electronics, data centers, and smart logistics centers.
Krungsri Securities assessed that Thailand’s investment cycle is likely to accelerate under the “Thailand FastPass” policy, as the program aims to expedite the resolution of stalled investment projects, unlocking a total value of approximately THB 350 billion, or around 1.9% of GDP by 2027.
Simultaneously, the government is working to amend over 7,600 laws and regulations that hinder investment, with plans to complete this process within two months to foster an improved overall investment climate.
These trends are regarded as positive factors for the Thai economy, the Thai stock market, as well as stocks linked to expedited approvals and new project advancement themes. Notably, the prime beneficiaries include the industrial estate sector, such as AMATA and WHA.
The construction sector stands to benefit, with key players including STECON, PYLON, and INSET. The building materials sector such as SCC, and the banking sector including KBANK and KTB, are also expected to be positively impacted.
In the energy and utilities sector, GULF, GPSC, GUNKUL, and WHAUP could see gains, as well as telecommunications companies such as ADVANC and TRUE.
Kasikorn Securities noted that WHAUP plays a significant role in supporting the growth of Thailand’s data center industry. The brokerage firm expected the nation’s data center power usage to rise from approximately 600 megawatts in 2025 to about 5,000 megawatts by 2030, driven by investments from hyperscale service providers and BOI-supported projects.
WHAUP is projected to support around 38% of the country’s data center demand, which will strongly boost industrial water sales and provide further upside potential from future Direct PPA (Power Purchase Agreement) projects.
The analyst firm has upgraded its recommendation to “Buy” with a new target price of THB 7.55, reflecting raised long-term profit estimates, the continued strong demand for water, and an expected average earnings growth of about 15% for 2026 – 2031. The company is also well-positioned to support further expansion without requiring significant additional capital expenditure.
