AWS Expects BBL and KBANK to Benefit from the THB350Bn SMEs Aid Measures


The Thai cabinet on March 23, 2021, approved a measure to help businesses affected by the coronavirus outbreak with soft loans and asset warehousing worth 350 billion baht in total.

The loan would help entrepreneurs to maintain their business and employment as the full reopening to boost economic recovery could be delayed to 2022. Meanwhile, the asset warehousing program would allow operators such as in hotel business to liquidate distressed assets.

 

Asia Wealth Securities (AWS) stated that the aiding measures for entrepreneurs would be active in May 2021, while having a positive view on BBL (Buy, TP Bt142.50) and KBANK (Trading, TP Bt146.50) to be the most beneficial from this measure due to higher proportion of business customers than competitors

 

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