Pi Securities Public Company Limited, or PI, stated that the current flood situation is far from the crisis of 2011. In 2011, Thailand faced a La Niña phenomenon that pushed rainfall above normal and affected as many as 74 provinces, covering economic zones and industrial estates around Phra Nakhon Si Ayutthaya. This time, however, pressure is limited to only some areas of Bangkok and nearby provinces. Most recently, water levels have begun to recede and government agencies expect travel to return to normal soon. As for short-term impact, the brokerage views it as likely to pressure the tourism and consumption sectors only slightly, since part of the economy is still supported by food stockpiling. Based on statistics from 2011, the sectors that outperformed the market were healthcare, communications or ICT, real estate investment trusts or REITs, and commerce. The sectors that underperformed the market were petrochemicals, packaging, and electronic components. However, one month after the situation eased, the sectors that returned to outperforming the market were petrochemicals, construction materials, and packaging. On investment strategy, the brokerage recommends buying CP All Public Company Limited, or CPALL, with a target price of 61 baht, viewing that same-store sales and profit trends in the second half of 2026 will not be much affected by the Thai Help Thai Plus scheme, based on same-store sales figures in June 2026 that remained steady compared with the same period a year earlier, together with a gradually improving trend in consumer purchasing power. At the same time, it also recommends buying Thai Union Group Public Company Limited, or TU, with a target price of 15.40 baht, expecting several positive factors to support the second half of 2026, whether the peak export season, a weakening baht, or Britain's reduction of its import tax on Thai tuna to 0% from 24%. All of these factors will help drive TU's revenue to rise continuously.
CP ALL Public Company LimitedPi Securities recommends buying CPALL with a 61 baht target price, citing steady same-store sales and improving consumer purchasing power.
Thai Union Group PCLPi Securities recommends buying TU with a 15.40 baht target price, expecting several positive factors to support the second half of 2026.
