Finance Ministry Approves 3.5 Billion Baht for Thai Teaw Thai Plus, Boosting Tourism Stocks

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The Ministry of Finance has approved the use of loans under the 400 billion baht borrowing decree to proceed with the Thai Teaw Thai Plus project, with a budget of 3.5 billion baht for 1 million rights. The proposal will be submitted to the Cabinet for approval soon. The government will subsidize accommodation costs at no more than 1,500 baht per night for up to 5 nights, along with travel coupons of 1,500 baht for primary cities and 2,000 baht for secondary cities, with a 50% co-payment. Registration will open via the Pao Tang app from October 1-25, 2026, with usage starting November 1, 2026. However, there will be a blackout period during the New Year holidays from December 15, 2026 to January 15, 2027, and rights can be used again from January 16 to February 28, 2027. Dao Securities research views this as positive for the tourism sector, especially ERW, which has many economy and midscale hotels, while CENTEL benefits from both hotels and restaurants participating in the project. Notable buy-rated stocks are CENTEL with a target of 48.00 baht and ERW with a target of 4.20 baht. For the food and beverage group, the rating remains marketweight, with MAGURO as the top pick with a target of 28.00 baht.

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