Krungsri sees retail sector benefiting as floods recede, with Hat Yai flooding lifting home-repair stocks

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2▲9 ▼0Impact / 5
Summary · why it matters

Krungsri Securities Public Company Limited said its research team holds a neutral to slightly positive view on the retail sector under its coverage, assessing that the impact from branch closures and travel restrictions remains limited. If the situation does not drag on beyond one week, the impact on each company's sales will not exceed 1%. In the short term, operators of everyday consumer goods such as BJC, CPALL, CPAXT, CRC-Tops and GO Wholesale will benefit from stockpiling. CPALL has a convenience store network of about 6,700 branches in Bangkok and its vicinity, accounting for 41% of its total branches. Meanwhile, the home repair and decoration group, including CRC-Thai Watsadu, DOHOME, GLOBAL, HMPRO, ILM and MRDIYT, is expected to benefit more after the waters recede. HMPRO has 39 large-format branches in Bangkok and its vicinity, or 32% of all large-format branches in Thailand. Using the Hat Yai flooding of 21–28 November 2025 as a case study, the retail sector index rose 0.5% on the first day and 1.4% in the first week, with home-improvement stocks responding more strongly, led by HMPRO up 3% on the first day and 10% in the first week, GLOBAL up 3% and 9%, and DOHOME up 1% and 6%. The research team maintains a NEUTRAL weighting on the retail sector, selecting CRC, followed by MOSHI and MRDIYT, as its top picks in that order.

Impact on assets 10

Consumer Discretionary▲ · 7 stocks
Dohome Public Company Limited
DOHOME
▲ PositiveDemandrelevance

DOHOME cited in home repair group expected to benefit after waters recede, up 6% in first week in Hat Yai case study.

Consumer Staples▲ · 2 stocks
Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

BJC named among everyday consumer goods operators expected to benefit from stockpiling as floods recede.

Digital Finance & Tokenization▲ · 1 stocks
CP ALL Public Company Limited
CPALL
▲ PositiveDemandrelevance

CPALL named as everyday consumer goods operator benefiting from stockpiling; 6,700 branches in Bangkok area, 41% of network.

Off-coverage companies 1

Central Food Wholesale Co., Ltd. (GO Wholesale)Private± Mixed
relevance

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