Krungsri: State Tax Cuts on E20 and B20 to Benefit BBGI, KSL, PTG, OR

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Summary · why it matters

Krungsri Securities said the government is considering cutting excise taxes on specific fuels, namely E20 and B20, to directly help farmers growing sugarcane, cassava, and oil palm. The government will avoid cutting taxes on all fuel types in order to maintain fiscal discipline given limited resources and to prevent risks to the country's fiscal position. The research team assesses this measure as a small positive for the Thai economy and a positive sentiment for the SET. The policy will benefit ethanol and biodiesel producers and fuel service stations, namely BBGI, KSL, PTG, and OR, on rising demand for E20 and B20, and will also indirectly benefit grassroots retail groups such as CPALL and CPAXT, which stand to gain from recovering purchasing power among farmers.

Impact on assets 6

Synthetic Biology (non-pharma)▲ · 2 stocks
BBGI PCL
BBGI
▲ PositiveDemandrelevance

Excise tax cut on E20 is expected to boost ethanol demand, benefiting BBGI as an ethanol producer.

Khon Kaen Sugar Industry PCL
KSL
▲ PositiveDemandrelevance

Tax cut on E20/B20 supports sugarcane and cassava farmers, lifting demand for Khon Kaen Sugar's ethanol/sugar output.

Electrification & Mobility▲ · 2 stocks
PTG Energy PCL
PTG
▲ PositiveDemandrelevance

Fuel service stations like PTG benefit from rising demand for E20 and B20 under the excise tax cut.

Digital Finance & Tokenization▲ · 1 stocks
Consumer Staples▲ · 1 stocks
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