Dao Securities stated in today’s analysis (March 8, 2023) that the Cabinet Meeting (Cabinet) approved the principle of drafting a royal decree. Exemption of corporate income for subsidies under measures to support the use of electric vehicles and types of cars and motorcycles It is a corporate income tax exemption for companies or juristic partnerships on income received as subsidies from the state. according to measures to support the use of electric vehicles in the category of cars and motorcycles to be exempt income Without having to calculate the net profit to pay corporate income tax.
This will help support the price of cars. And battery electric motorcycles (BEV) have decreased, resulting in consumers’ demand for cheaper electric vehicles. Entrepreneurs have the confidence to invest. This will incentivize the future production of battery electric cars and motorcycles (BEV).
by looking at it as a positive sentiment for the industrial estate group And companies that logistic EV cars for sale in Thailand. Such measures will be an additional benefit to EV car manufacturers and importers who have been appointed as official dealers. who asked for investment promotion of government EV measures, which such measures will encourage the price of EV cars to be cheaper, thus helping to stimulate sales to increase and make entrepreneurs confident in investing
For stocks that are expected to gain positive results from such measures It will be a company that does logistics for importing EVs, such as SJWD (recommended to buy with a target price of 23 baht) that currently has logistic work from major electric car makers such as BYD, NETA and NYT (target price of Bloomberg consensus 4.46 baht) at EV cars are imported
In addition, it is also positive for the industrial estate group. That will be positive for pre-sale sales in the next 1-2 years from accelerating investment in building factories. To produce EV cars in the year 66-68 to get various tax benefits. Including the benefits of corporate income tax exemption for additional subsidies.
Assessing that the operators of the settlement group have contacted And there are customers in the group of EVs in the pipeline (pipeline) is high, which is expected to accelerate investment decisions more. and faster than expected Causing pre-sale sales to have a chance to rise since the middle of 2023, maintaining the recommendation of the estate group “more than the market” and the top pick is WHA (buy/target 4.50 baht)
Capital Nomura Securities Public Company Limited stated in the analysis today (March 8, 2023)) Yesterday’s cabinet resolution approved the exemption of customs duties. Components used to assemble or produce electric vehicles or electric ships from batteries, totaling 9 items. (Psychology positive for EA, NEX, BYD and AMATA settlement group, WHA)