Traditional retailers, small merchants and Thong Fah stores are expected to be the main beneficiaries of the co-payment scheme, says Tris Rating. Chanat Katanyu
Analysts are highlighting retail and consumer stocks as the major beneficiaries of Thailand's latest consumer stimulus programme called "Thai Chuay Thai Plus", which is expected to provide short-term support for domestic consumption to stabilise the economy.The co-payment stimulus runs from June 1 to Sept 30 and covers 43.2 million eligible recipients, including 30 million participants under the standard programme plus 13.2 million state welfare cardholders.
Analysts said the measure is unlikely to deliver a major economic boost, but should help to cushion weak domestic spending amid persistently high living costs and fragile consumer confidence.
According to Tris Rating, the scheme is more likely to redirect consumer spending than generate substantial new consumption.
The agency estimates the programme could add 0.4 percentage points to GDP, primarily helping to maintain household purchasing power.
