Thailand Retail Sector to Benefit From Government Scheme — Market Talk

About this update from Uob-kay Hian Holdings Limited

Thailand's retail sector is likely to benefit from a recent government co-payment scheme, UOB Kay Hian analysts say in a note. The "Thais Help Thais Plus: 60/40" scheme, under which the government subsidizes 60% of goods purchased from local shops while individuals pay the remaining 40%, is expected to drive higher spending on daily necessities and support economic activity among mid-to-low-income consumers. It's also expected to further support mom-and-pop shops and small and medium-sized enterprises. UOB KH has a market weight rating on Thailand's retail sector.([email protected])

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