A warming planet is making floods, wildfires, and droughts more violent and more frequent — to the point where damage now hits $300–370 billion a year. We can't stop the climate, but we can defend the "places" we live in — with pumps, flood walls, buried power lines, and wetlands. This is the business of "making cities disaster-proof," and it grows every year — but it's a business where the money arrives in lumps, tied to government budgets, and most of the real players are big diversified companies, not pure-plays.
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Why is Drought, Wildfire & Flood Resilience moving?
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Himalayan disaster and record El Niño drive urgent resilience demand
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Himalayan flood toll rises to nearly 1,000, thousands missing The Nepal-Tibet glacial flood death toll climbed to 987 with over 4,000 missing, and rescue teams are drilling tunnels to reach 933 trapped workers. This is a human catastrophe that also destroys hydropower and tourism infrastructure, sharply increasing the need for flood defences, early warning and rebuilding.
It is the period's biggest disaster event and directly drives resilience demand.
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Nepal rebuilding costs $4-5 billion, tourism hit Nepal estimates rebuilding costs of $4-5 billion, nearly a tenth of its economy, and tourist bookings have collapsed ahead of peak season. This funded reconstruction will create direct orders for flood infrastructure, engineering and early-warning systems, a clear boost to the theme.
It quantifies the funded rebuilding demand that follows the disaster.
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UN warns strongest El Niño in 70 years, drought and fire risk The UN says the current El Niño could be the strongest since 1950, lasting until at least February 2027, bringing drought to Southeast Asia and wildfires. Indonesia has already burned 107,000 hectares, and the Panama Canal is cutting ship transits. This locks in long-term demand for water storage, firefighting and grid resilience.
It is a new, authoritative warning that broadens the theme's demand drivers.
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UN says 1.5°C limit likely breached, adaptation urgent A major UN report says global warming will likely exceed 1.5°C within years, making some impacts irreversible and forcing a shift to adaptation. This raises the political and regulatory pressure to fund resilience, but also signals that damage and costs will keep rising for the theme.
It sets the long-term policy backdrop that drives resilience spending.
Q3 2026
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Extreme Weather Drives Surge in Resilience Demand
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US Emergency Orders Spur Grid Hardening US emergency orders pushed utilities to harden grids against extreme weather, boosting demand for resilient equipment and services. This directly increased investment in drought, wildfire, and flood resilience.
It shows a concrete policy driver increasing demand for resilience solutions.
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Record Flood and Coastal Contracts Record contracts for flood and coastal protection were awarded in Puerto Rico, Charleston, and Thailand. These large projects signal strong demand for flood defenses and resilience infrastructure.
It highlights major new business activity driving the sector.
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Nepal's $4-5B Reconstruction Plan Nepal's $4–5 billion reconstruction plan creates orders for flood infrastructure and early-warning systems. This is a significant new source of demand for resilience technologies.
It represents a major new investment program boosting the sector.
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Super El Niño Causes Widespread Damage A super El Niño caused floods, droughts, wildfires, and haze. Nepal's glacial flood killed 987 people, Indonesia's burned area rose 110%, and economic growth warnings emerged, highlighting escalating risks and underinvestment.
It shows the severe negative impacts that are driving urgent need for resilience.
Emera Lifts Quarterly Dividend to CA$0.74 Per Share
Emera has raised its quarterly dividend to CA$0.74 per share, implying an annual payout of CA$2.96, a 1% increase from the previous CA$2.93 level. The move comes after a softer stretch for the share price, with a 90 day return down 7.98% and a 30 day return down 1.88%, though the 1 year total shareholder return of 6.77% and 3 year total shareholder return of 68.08% reflect longer-term momentum. The most followed valuation narrative pegs Emera's fair value at roughly CA$74.45 per share, above the recent CA$68.42 close, framing the higher dividend as an 8% undervalued case. That view rests on heavy investment in grid modernization, renewables including a $2+ billion solar expansion in Florida, and infrastructure resilience, but faces risks from refinancing needs and exposure to cyber incidents and extreme weather. On valuation, Emera trades at 21.8x earnings, above Canadian peers at 20.9x and the wider North American utilities group at 19.8x, while the fair ratio sits higher at 29x.
Ekniti Visits Khlong Rangsit Water Gate, Orders Preparations for New Rain Wave, Set to Convene Three-Party Water Management Talks
Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, visited the water gate and semi-permanent pumping station at the mouth of Khlong Rangsit in Ban Mai subdistrict, Mueang district, Pathum Thani province, to monitor the water situation and the drainage of water from Khlong Rangsit Prayunsak into the Chao Phraya River. He was assigned by Anutin Charnvirakul, Prime Minister and Minister of Interior, to prepare for a new wave of rainfall. Ekniti stated that the main problem stems from the volume of water flowing in from Nakhon Nayok province, while the northern water situation remains stable and has not yet caused severe impact. The government has already procured additional water pumps for the area after Pathum Thani province previously requested small pumps or high-speed pumps, and he instructed the provincial governor to make the care of the public the top priority. Regarding the case of Ongkharak district and Khlong 12, where there is a proposal to divert some water to the Rangsit side, Ekniti said water must be managed in an integrated, system-wide manner, since the Rangsit area itself receives water from Ongkharak and Nakhon Nayok, while Bangkok also continues to face flooding problems. He therefore plans to convene a joint meeting of the three parties within one to two days to set a unified water management approach from upstream to downstream, including accelerating drainage in downstream areas such as Samut Prakan province. He also instructed coordination with the electricity authority to prepare backup generators, since power outages in the past have prevented pumps from operating at full efficiency.
PM Anutin Orders 14 Southern Provinces to Declare Disaster Zones Immediately Without Waiting for Floods
Anutin Charnvirakul, Prime Minister and Interior Minister, chaired a meeting of the National Disaster Prevention and Mitigation Command to monitor flood situations nationwide. He instructed provincial governors in areas prone to or forecast to face disasters to exercise their authority as provincial disaster prevention and mitigation directors and consider declaring disaster zones without waiting for the disaster to occur, and to consider spending budgets based on actual needs in line with regulatory criteria. Anutin also emphasized four directives for accelerating flood management, particularly speeding up damage assessments and approving compensation of 9,000 baht for people affected since September 25-26, 2026, as well as restoring areas where water has receded, public utilities, and preparing Big Cleaning plans. He also ordered governors of 14 southern provinces to prepare for heavy rainfall according to weather forecasts by reviewing area-specific response plans, preparing rescue teams, water pumps, boats, shelters, and evacuation plans for vulnerable groups. He assigned Acting Sub-Lt. Trakul Thotham, Inspector-General of the Interior Ministry, to drill shelter management guidelines with all 14 southern provincial governors, using the shelter at Prince of Songkla University's Hat Yai campus as a standard shelter. He also ordered Ekniti Nitithanprapas, Deputy Prime Minister and Finance Minister, along with Jaraseth Thaiseth, Deputy Interior Minister, to quickly drill damage assessment guidelines for claiming insurance compensation under the national insurance policy together with relevant agencies.
The Bangkok Metropolitan Administration has completed repairs to its online registration system for flood victims seeking assistance, and about 35,800 people have now registered. Lalida Periswiwatana, deputy spokesperson for the Prime Minister's Office, said Bangkok is accelerating drainage in the eastern areas, particularly Min Buri, Nong Chok, Prawet, Saphan Sung, Sai Mai and Lat Krabang, and is mobilising water pumps and water-pushing boats to help. Wissanu Charoen, director of the drainage system engineering division at the Bangkok Metropolitan Administration's Drainage Office, said the urgent operation is focused on reclaiming the Rom Klao community housing area in Lat Krabang district, where the water level has been reduced by about 30 to 60 centimetres, though roads in the area are still flooded by about 20 to 30 centimetres. Yesterday the Bangkok Metropolitan Administration added more flood barriers and installed additional water pumps, and expects to lower the water level by about 25 centimetres per day, with roughly two more days needed to return the area to normal. In the Sai Mai–Ao Ngoen area, the situation is expected to ease within about two days. People who have already registered and wish to correct their information can log in to the system to update it, or contact their district office during official working days and hours.
Pattrapong visits Nakhon Sawan and Kamphaeng Phet to speed up flood relief and repair broken bridges
Pattrapong Pattrapasit, Deputy Minister of Transport, together with Anutin Charnvirakul, Prime Minister and Minister of Interior, visited the temporary shelter at Wat Ban Kaeng in Ban Kaeng subdistrict, Mueang Nakhon Sawan district, Nakhon Sawan province, to offer encouragement and hand out relief bags to flood victims. The delegation then traveled on to Sak Ngam subdistrict in Khlong Lan district, Kamphaeng Phet province, to inspect the Nong Prue-Tha Kabak bridge, whose structure was severely damaged by flash floods, cutting off the road connecting to the bridge. Pattrapong said that several days of continuous heavy rain had affected a total of 8 road and bridge sites, with 3 heavily damaged locations: the Ban Khlong Phrai road, the community bridge across Khlong Wang Chao, and the Ban Nong Prue-Tha Kabak bridge, which no vehicles can cross. The Ministry of Transport has drawn up a two-phase response plan. In the urgent phase, it will coordinate with the Department of Disaster Prevention and Mitigation and related agencies to procure temporary steel bridges or Bailey bridges and install them in the affected areas as quickly as possible, especially at the Nong Prue-Tha Kabak site, which spans about 96 meters. The situation will be reassessed after the monsoon period ends between October 5 and 9, and the embankment is expected to be reinforced to support the installation of a Bailey bridge. In the long term, the Ministry of Transport will allocate a budget to build new bridges to replace the damaged ones as quickly as possible.
Bnomics warns floods will drag down GDP, urges Thailand to shift to 'living with water'
Bnomics by Bangkok Bank released an analysis warning that flooding is not merely a problem of heavy rainfall, but reflects that cities cannot handle the water, with damage spreading to GDP and supply chains. It points out that Thailand must shift its mindset from 'draining water' to 'living with water.' The analysis cites a World Bank assessment that the great flood of 2011 caused damage and losses of approximately 1.43 trillion baht, or 12.6% of GDP. The report Thailand Economic Monitor: Coping with Floods and Droughts estimates that if in 2030 Thailand faces flooding at a level with roughly a one-in-50-year probability, similar to the 2011 event, production losses could exceed 10% of GDP, and could be even higher if supply chains cannot adapt well enough. Singapore once had about 32 square kilometres of flood-prone area in the 1970s, but after decades of continuous investment in upgrading its systems, that has now fallen to less than 0.25 square kilometres, a reduction of more than 99%. For Thailand, in the 2017–2026 fiscal years, the integrated water resource management plan was allocated a total budget of more than 600 billion baht, with the 2025 fiscal year at approximately 62,621 million baht and 2026 at approximately 63,421 million baht. This budget covers water for consumption and use, water for agriculture, drought response, water source rehabilitation, and flood prevention. The World Bank therefore proposes that Thailand use Cost-Benefit Analysis systematically to prioritise flood and drought response measures, alongside investment in infrastructure, early warning systems, and Nature-based Solutions.
BBL.BK · · Neutral Bangkok Bank's research arm Bnomics authored the flood analysis, but the article reports no direct financial impact on the bank itself.
Bangkok cancels Bueng Khu Bon and Bueng Bang Chan monkey-cheek projects, citing poor value for 11 billion baht
The Bangkok Metropolitan Administration has confirmed the cancellation of the Bueng Khu Bon and Bueng Bang Chan monkey-cheek flood-retention projects, saying they are not worth the roughly 11 billion baht budget. Jesada Chantraprapha, deputy permanent secretary of the Bangkok Metropolitan Administration, said the two ponds can hold only 700,000 cubic metres of water, compared with about 5 million cubic metres managed by Bueng Nong Bon, or roughly ten times more, and that Bueng Nong Bon is also connected to the tunnel system and main canals. He also insisted that no private party received any undue benefit. Chawalit Chantararat, a water management expert and chief executive of TEAM GROUP, said Bueng Khu Bon has a design capacity of about 870,000 cubic metres but can actually manage only around 500,000 cubic metres, and that when the current land price and the cost of building all the associated systems are combined, the cost framework for the Khu Bon project comes to about 11 billion baht. The Bangkok Metropolitan Administration is therefore laying out a plan to develop the eastern drainage system as an integrated whole, running through Khlong Phraya Suren, Khlong Sam Wa, Khlong Saen Saep and Khlong Prawet Burirom, linking to Bueng Nong Bon, the drainage tunnel and a large pumping station, while taking in more water from Min Buri, Bang Kapi, Lat Krabang and Rom Klao.
Yoschanan backs household-level flood warnings with Digital Twin
Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation Yoschanan Wongsawat said in the programme "Kui Kap CRM Anutin" that a joint command system has been prepared over roughly two months with the Department of Disaster Prevention and Mitigation, provincial governors, the Royal Irrigation Department, the Hydro-Informatics Institute, the Meteorological Department, GISTDA and universities, along with a 24-hour war room to monitor the situation. Where assessments differ, the worst-case scenario will be used as the basis for preparations. After lessons learned in Nan province, where rain on high ground can flow into communities faster than river gauges can detect it, telemetry and rainfall sensors are being installed urgently on high ground, while residents and community leaders are being trained on evacuation plans and shelters are kept ready at universities and government agencies at all times. The next goal is to refine warnings from the sub-district level down to the community and household level, using a Digital Twin to simulate terrain, watercourses and points that should be dredged, and to mark the locations of bedridden patients in the thaiwater.net system. On education, the idea of Precision Education has been proposed, with AI helping tailor content and learning methods to each person's aptitudes and teachers shifting to the role of facilitator. The TCAS system is meanwhile reducing the weight of interviews to about 30% in some places and developing portfolio use under a single standard. The Credit Bank system will allow work experience and skills to be converted into qualifications or credits that can be accumulated towards university admission. He is also preparing to travel to the STS Forum in Kyoto, Japan, to present the Nature Positive concept alongside the Net Zero goal.
Jefferies Downgrades Edison International to Underperform on Eaton Fire Liability Risk
Jefferies downgraded Edison International to Underperform from Hold with a $42 price target, down from $53, citing Eaton Fire liabilities that are not priced in. The utility's shares fell 0.9% in Friday's trading. Analysts led by Paul Zimbardo said the fundamental catalyst path ahead skews more cautious, with only a remote probability of a meaningful 2026 California legislative session outcome and Eaton Fire liabilities coming into sharper focus over the coming months. The Los Angeles County District Attorney said on September 23 that the criminal investigation into Southern California Edison for the Eaton Fire is very active, and Zimbardo wrote that criminal charges, if pursued, could lead investors to price in higher Eaton liabilities. He sees Edison's 6.5% dividend yield as safe but said investors are closely watching, and he expects the utility's valuation premium to close peer PG&E to narrow as Eaton Fire liability exposure crystallizes as the core driver of investor sentiment in the coming months.
EIX · Capital · Negative Jefferies downgraded Edison International to Underperform with a lowered $42 price target, citing unpriced Eaton Fire liabilities.
EIX · Regulation · Negative Active criminal investigation into Southern California Edison over the Eaton Fire could lead to charges and higher liability estimates.
Government warns central region to brace for heavy rain on 11-14 October, speeds up drainage into the Gulf of Thailand
Ms. Lalida Peritswiwatana, Deputy Spokesperson of the Prime Minister's Office, said at the Joint Information Center for the Flood Situation, or JICC, that the Prime Minister has ordered provinces still affected by flooding to keep personnel and resources in place to continue assisting the public, and instructed relevant agencies to speed up efficient water management and drainage. The Meteorological Department indicated that rain will increase in the Northeast on 5-7 October, then shift to the West, and during 11-14 October there will be heavy or persistent rain in the Central region from Nakhon Sawan province southward, with rainfall of 100 millimetres, before moving toward the South. The Chao Phraya Dam is under control; inflow is trending downward, while downstream discharge is 2,500 cubic metres per second. Chai Nat, Sing Buri and Ang Thong provinces must be closely monitored, with their situation holding steady, while Ayutthaya province remains affected. Pathum Thani and Nonthaburi provinces are stable, with impacts in riverside areas. For Bangkok, the flood barriers remain unaffected, with water at the lowest point of the barriers at about 90 centimetres; Khlong Chan is dry, and the Rom Klao area saw water drop by 30 centimetres on 1 October. Mr. Parinya Chantakup, Director of the Water Quality Management Academic Division of the Bangkok Drainage Bureau, said Bangkok will expedite relief through registration on the Thang Rath application and the Bangkok application, as well as through all 50 district offices, covering home repair costs, shelter costs, medical expenses and basic living allowances, and will set up four on-site academic centres. He estimated that water still flooding the eastern side can be reduced within seven days from now. Mr. Phaithoon Kengkanchang, Deputy Secretary-General of the National Water Resources Office, said the main dams in the Chao Phraya basin are Bhumibol Dam at 70 percent, Sirikit Dam at 80 percent, and Khwae Noi Bamrung Daen Dam at 70-80 percent. Only Pa Sak Jolasid Dam exceeds 100 percent capacity, but it still has 6 billion cubic metres of space, unlike the water situation in 2011. The Ping River and the Sakae Krang basin are trending down by more than 500 cubic metres per second, a significant drop, and he confirmed that the northern water mass has decreased, allowing discharge to be maintained at 2,500 cubic metres per second for 5-6 days to accommodate the rain during 11-13 October. He expects Pathum Thani, Nonthaburi, Bangkok and Samut Prakan provinces may see flooding in some areas. As for the Bang Pakong basin, on 1 October the water level reached a new high, 11 centimetres higher than in 2013, at 4.98 metres. Mr. Fata Marnsatawee, an expert in meteorological forecasting system development, said rain will begin in the Northeast on 4 October and then move westward, affecting the Chao Phraya basin and Bangkok around 5 October, before reaching Kanchanaburi and the western side by 7 October, and a low-pressure trough over the Central region including Bangkok must be watched on 11 October.
Asia Plus flags 165-billion-baht water megaproject as boon for contractors CK, STECON, UNIQ, ITD
Research by Asia Plus Securities assesses that a water management megaproject with a combined value of 165,000 million baht will support the growth of the construction contracting sector over the medium to long term. The project aims to cut flood damage by about 16,930 million baht per year and reduce flooded area by 3.48 million rai. Construction is expected to begin in 2027 and take eight years. Among the stocks expected to benefit, Asia Plus names CK as its top pick with a target price of 24 baht on the prospect of winning work directly, while STECON carries a target price of 23 baht on expectations it will benefit from large project contracts. Also in the frame are UNIQ, which has opportunities from large project work, and ITD, which is involved in earthworks and drainage systems. In the construction materials group, SCC, SCCC and TPIPL stand to benefit from project demand for materials. Factors to watch include the project's funding sources, land expropriation, the timing of bidding, and contract signing, all of which will affect progress and the chances that construction companies win work from the project.
CK.BK · Demand · Positive Asia Plus names CK as top pick with 24 baht target on prospect of winning work directly from the 165-billion-baht water megaproject.
ITD.BK · Demand · Positive ITD is named as involved in earthworks and drainage systems for the water management megaproject.
STECON.BK · Demand · Positive STECON carries a 23 baht target on expectations it will benefit from large project contracts in the water megaproject.
SCC.BK · Demand · Positive SCC stands to benefit from project demand for construction materials.
SCCC.BK · Demand · Positive SCCC stands to benefit from project demand for construction materials.
UNIQ.BK · Demand · Positive Asia Plus flags UNIQ as having opportunities from large project work in the 165-billion-baht water management megaproject.
Disaster Prevention Department warns 10 provinces in the Chao Phraya basin and Bangkok to watch for rising water levels below the dam
The Department of Disaster Prevention and Mitigation has issued a warning to 10 provinces in the Chao Phraya River basin and Bangkok to monitor rising water levels, especially in low-lying areas outside the flood barriers, after the Royal Irrigation Department prepared to release water below Chao Phraya Dam at a rate of 2,200 to 2,500 cubic metres per second. Mr. Nirand Pongsitthithavorn, Director-General of the Department of Disaster Prevention and Mitigation, disclosed that today the C.2 station in Mueang Nakhon Sawan district, Nakhon Sawan province, will see a maximum flow of about 3,010 cubic metres per second, combined with water from tributaries, causing water levels above Chao Phraya Dam to rise, making it necessary to release water below the dam at that rate. This release will raise water levels in low-lying areas outside the flood barriers by about 0.40 to 0.70 metres. The areas requiring vigilance include Sena, Phak Hai, Bang Ban, Phra Nakhon Si Ayutthaya, Bang Pa-in and Bang Sai districts of Phra Nakhon Si Ayutthaya province; Wiset Chai Chan, Pa Mok, Chaiyo and Mueang Ang Thong districts of Ang Thong province; In Buri, Phrom Buri and Mueang Sing Buri districts of Sing Buri province; and Sapphaya district of Chai Nat province. This will not affect community areas inside the flood barriers. The Disaster Prevention and Mitigation Coordination Centre has coordinated with 10 provinces, namely Uthai Thani, Chai Nat, Sing Buri, Ang Thong, Suphan Buri, Phra Nakhon Si Ayutthaya, Lop Buri, Pathum Thani, Nonthaburi and Samut Prakan, as well as Bangkok, to closely monitor the situation and to warn residents and business operators along the Chao Phraya and Noi rivers. It has also ordered the Disaster Prevention and Mitigation Centres in Region 1 Pathum Thani, Region 2 Suphan Buri and Region 16 Chai Nat to monitor the situation around the clock, prepare personnel, disaster machinery, operational vehicles and Emergency Response Teams to enter the area if the situation becomes severe or expands, as well as to support the setting up of temporary shelters and assistance to the public.
Floods hit 31 provinces, 24 dead, 3.5 million affected, heavy rain warning for October 4-7
The flood situation has spread to 31 provinces, affecting 3.53 million people, or 1.24 million households, with a total of 24 deaths, according to the latest data from the Department of Disaster Prevention and Mitigation as of October 2. The affected areas cover 179 districts, 1,279 subdistricts and 9,339 villages, including Bangkok, where 329,000 households have been affected and 4 people have died. Water levels in Bangkok have now receded. Meanwhile, the Meteorological Department is warning the public to prepare for heavy to very heavy rain during October 4-7, with October 5 expected to bring very heavy rain in Kamphaeng Phet, Phitsanulok, Phichit, Phetchabun, Nakhon Sawan, Uthai Thani, Chai Nat, Sing Buri, Ang Thong and Phra Nakhon Si Ayutthaya. On October 6, watch areas are Kanchanaburi and Ratchaburi, and Bangkok and its vicinity are expected to see heavy rain during October 5-6. The Royal Irrigation Department said that although water levels at some upstream points have begun to fall, the mass of water that flowed down earlier still needs time to travel, so it remains necessary to gradually increase discharge at Chao Phraya Dam, alongside delaying water above the dam and taking water into the irrigation system on both the eastern and western sides according to capacity, in order to control water levels and reduce risks to areas above and below the dam. This requires considering together the water levels in major rivers, water from tributaries, local rainfall and the influence of sea tides. It also warned people in low-lying areas along rivers and outside flood barriers to closely monitor announcements from the authorities.
SCE Offers Over $1 Billion in Eaton Fire Compensation as Claim Deadline Nears
Southern California Edison has offered more than $1 billion in compensation through its Wildfire Recovery Compensation Program to community members impacted by the Eaton Fire. More than 15,300 individuals, families and businesses have sought compensation directly from SCE, and nearly 7,200 claimants have received offers, with nearly 80% accepted and only about 2% declined. Payments vary widely, from an average of $62,068 for tenants with smoke and ash damage to an average total of $1,952,940 for homeowners with total loss, including an average program payment of $873,881 and average insurance payment of $1,079,059. Claims must be submitted by Nov. 30, 2026, to preserve eligibility and the option to request a Detailed Review, and SCE says it delivers offers on average 36 days after receiving a substantially complete claim. SCE will host virtual and in-person sessions on Oct. 28, Nov. 12 and Nov. 19 to help community members learn about the program and start a claim.
Yoschanan unveils floating-tube rescue raft, set to hand it to Bangkok for flood relief
Professor Dr. Yoschanan Wongsawat, Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation, visited the flood-hit area around the Phra Chom Klao Ladkrabang pier to inspect the situation and test an innovative rescue raft made from floating tubes, designed to transport supplies and relief into hard-to-reach disaster zones. The rescue raft is the result of cooperation between the Ministry of Higher Education, Science, Research and Innovation, King Mongkut's Institute of Technology Ladkrabang, and SCG Chemicals Public Company Limited, or SCGC, which provided floating tubes originally developed for floating solar farm systems, known as SCGC Floating Solar Solutions, for the institute to develop into the rescue raft. The raft deployed this time has an area of about 47 square metres and can carry a maximum weight of roughly 3,000 kilogrammes. It uses a modular structure that can be assembled and reconfigured quickly, sits shallow in the water and has low friction, allowing it to move through shallow water when towed by a small boat. During this visit, the delegation rode the rescue raft along the Prawet Burirom canal to distribute relief bags, food, drinking water and medicine to flood victims near Hua Takhe market in Lat Krabang district, with an electric boat from TTA Group helping to tow it. The Ministry of Higher Education, Science, Research and Innovation plans to coordinate the handover of the innovation to Bangkok Metropolitan Administration for use in supporting missions to assist the public.
SCG Chemicals Public Company Limited (SCGC) · Technology · Positive SCGC provided its floating solar tubes to be developed into a modular rescue raft, showcasing its technology in a disaster-relief innovation.
Cabinet Approves Chai Nat–Pa Sak–Gulf of Thailand Flood Diversion Canal at 165 Billion Baht; Land Expropriation the Toughest Challenge
Ekkaphop Pheanphithak, spokesperson for the Prime Minister's Office, disclosed that the Cabinet has resolved to approve the Chai Nat–Pa Sak–Gulf of Thailand flood diversion canal project, with a total budget framework of 165 billion baht and an implementation period of 8 years, from fiscal years 2027 to 2034, as proposed by the Ministry of Agriculture and Cooperatives. The project will help drain water from the North through the Central region into the Gulf of Thailand, in order to solve the problem of the Central region having to take on water in place of Bangkok, with the provinces of Phra Nakhon Si Ayutthaya, Ang Thong, Chai Nat, Saraburi, Lopburi, Sing Buri, Nonthaburi, Pathum Thani and Bangkok set to benefit. Ekkaphop said the project has received support from the World Bank, including surveys and design, economic viability analysis, and environmental impact assessment, or EIA, all of which are complete, with funding sources also prepared. The next step, which is considered the biggest and most difficult, is land expropriation, covering both the issuance of a royal decree for land expropriation and negotiations with the public. The Cabinet has assigned the Ministry of Social Development and Human Security to handle housing relocation, and the Ministry of Finance to ensure compensation payments are reasonable. In the past there have been lessons from the Bang Bala–Bang Sai flood diversion canal project, which had to extend its implementation period several times due to delayed land handovers. The drainage system is to be completed in 2028, and when the project period ends in 2029, no further extension will be granted.
Chadchart Confirms Bangkok Will Not Cancel Monkey Cheek Projects, Pushing Ahead with 38 Sites, Preparing to Add 7 More
Bangkok Governor Chadchart Sittipunt has confirmed that the Bangkok Metropolitan Administration is not cancelling the monkey cheek water retention projects initiated under royal guidance, and is continuing them without interruption. There are currently 38 monkey cheek sites in 2026, up from 34 in 2022, with plans to add 7 more in the future. He also clarified that social media posts claiming the BMA never carried out such projects in the past, or opposed the royal-initiated monkey cheek projects, are entirely false, since the BMA has adopted the royal-initiated approach to tackle flooding through five methods: building flood barriers, building water diversion channels, improving and landscaping waterways, increasing water capacity, and monkey cheek retention areas. The current monkey cheek approach focuses on distributing smaller sites across the city so that water intake and outflow can be managed more easily. The water situation in Bangkok has improved considerably after water was drained from Khlong Saen Saep, but there is still concern about the area along Khlong Prawet Burirom, so teams have been sent into small waterways with high-speed pumps to pump water out of low-lying villages and communities. At a joint meeting with the Prime Minister this morning, cooperation was requested from the Royal Irrigation Department to help drain water through Khlong Rangsit toward the Chao Phraya River. Weather forecasts indicate rain will return around 8-9 October 2026, so water must be pumped out as much as possible. As for northern runoff flowing through the Chao Phraya River, the flood barriers are strong and there is no need for concern.
National Water Resources Office Races to Drain Water into the Gulf of Thailand Before Rains Return October 5-7, 2026
The National Water Resources Office has mobilized all agencies to use the period of reduced rainfall to speed the push of water into the Gulf of Thailand, managing the effort in an interconnected way basin by basin, with Bhumibol Dam and Sirikit Dam helping to hold back water in the upper reaches, while preparing a plan to handle an increase in releases below Chao Phraya Dam. Chayan Muangsong, secretary-general of the National Water Resources Office, disclosed that, based on weather monitoring together with the Meteorological Department and the Hydro-Informatics Institute, a high-pressure system, or cold air mass from China, will spread down to cover the North and the upper Northeast during October 5-7, 2026, causing rainfall to increase again, starting in the Northeast and then moving toward the western side of the country. For the Chao Phraya basin, the volume of water flowing past station C.2 in Mueang Nakhon Sawan district is expected to rise to a maximum of no more than 2,700 cubic meters per second, combined with roughly 500 to 600 cubic meters per second of runoff from the Sakae Krang River joining in. At present, Chao Phraya Dam is releasing water at a rate of 2,300 cubic meters per second and will gradually raise that to 2,400 cubic meters per second this afternoon. Meanwhile, Bhumibol Dam temporarily halted releases on September 30 and October 1, 2026, and Sirikit Dam cut its releases to 7 million cubic meters per day. In the Pa Sak basin, Pa Sak Jolasid Dam is at 109 percent of its storage capacity, so releases into the Pa Sak River must be gradually stepped up to 30 million cubic meters per day, which means Rama VI Dam must prepare to increase its releases accordingly. In the Mae Klong basin, Vajiralongkorn Dam is at 99 percent of its storage capacity, leaving only about 123 million cubic meters of room to hold water. The Electricity Generating Authority of Thailand has revised its release plan to 42 million cubic meters per day, and it expects to keep releases below Mae Klong Dam at a rate of about 2,200 cubic meters per second. For the Bang Pakong basin, Khlong Si Yat Dam is at 94 percent of its storage capacity and Khun Dan Prakarn Chon Dam is at 97 percent of its storage capacity, while in the eastern coastal basin, Prasae Dam is at 105 percent of its storage capacity. The secretary-general of the National Water Resources Office added that he has stressed to the Royal Irrigation Department and relevant agencies that they must quickly increase the capacity to pump water out of all areas affected by flooding, and that they must also monitor the factor of high sea tides in early October, which could hinder drainage.
PM Anutin Orders Accelerated Flood Relief, Prepares for New Rain Wave on October 4-5
Prime Minister and Interior Minister Anutin Charnvirakul instructed a meeting of the National Disaster Prevention and Mitigation Command to have all agencies quickly reach heavily flooded areas and cut-off communities, and to prepare personnel and machinery for a new wave of rain expected to increase on October 4-5, 2026, according to forecasts by the Meteorological Department. The prime minister confirmed that there is no area that state officials cannot reach, and ordered that priority be given to helping cut-off areas, areas where water levels are rising rapidly, and areas where residents cannot help themselves. Key orders also included organizing operational teams that can reach people by boat, high-clearance vehicles, and military trucks, using a single data set on a one-area-one-data basis for communication with the public, and compiling an inventory of resources, both personnel and machinery, so they can be mobilized across provinces immediately. He also stressed that warnings be issued to residents living along major rivers, including the Chao Phraya, Pa Sak, Tha Chin, and Mae Klong rivers, and that provincial governors along the water's path, such as Samut Sakhon and Ratchaburi, prepare at the highest level. Meanwhile, the Department of Disaster Prevention and Mitigation reported that it has produced risk maps to plan relief efforts and will join with Bangkok to divide responsibility areas, mobilize officials, machinery, and six-wheel trucks, and set up Fix-it Centers to repair electrical appliances and water supply systems in areas where water has receded so that residents can return to normal life as quickly as possible.
Bualuang Securities warns new flood round to pressure Thai stocks, picks BGRIM as top pick on free electricity theme
Bualuang Securities is warning investors to watch for the risk of a new round of flooding that could prove more severe than expected, potentially repeating the pattern of 2011 and pressuring the Thai stock market into a correction. The brokerage said the seasonal flood risk could inundate low-lying areas and key economic zones such as Bangkok, Rayong, Chonburi and Kanchanaburi, disrupting transport systems and industrial estate areas. Factors to monitor are the volume of rainfall still to come during the monsoon and water management at major dams. Bhumibol Dam is currently at 65.37% of capacity and Sirikit Dam at 80.27%, while high sea tides are also a concern. If water management fails, damage similar to 2011 could occur, and this is the most heavily weighted issue pushing the Thai stock market lower over the next one to two weeks. The research team recommends caution over further share price declines and says it will issue an immediate signal to cut portfolio exposure if panic selling occurs or the flood situation becomes untrustworthy. Today's recommended stock is BGRIM, based on the theme of accelerating the expansion of grid interconnection bottlenecks and the free electricity market, or smart grid, and the unlocking of power sales in basic energy segments such as gas to support direct and cross-area electricity purchases from producers. This is expected to directly support the power plant business and electricity sales to data centers. Support is at 18.3 baht, resistance at 19.0 baht, and stop loss at 18.0 baht.
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Regulation
BGRIM.BK · Demand · Positive Bualuang picks BGRIM as top pick on the free electricity/smart grid theme, expecting grid interconnection expansion to directly support its power plant business and electricity sales to data centers.
Government approves 126 million baht budget to restore flood-hit areas in 17 northern provinces
The government has approved an emergency budget totaling 126 million baht to respond to water situations and restore flood-affected areas in 17 northern provinces. The budget is divided into two parts. The first, 96 million baht, is for operations in the 17 northern provinces, used to repair check dams, flood barriers, existing water retention areas, damaged water measurement stations and water pumps, as well as to dredge canals, remove waterway obstructions, and build monkey cheek water retention systems with pumps installed at risk points. The second part, another 30 million baht, is for accelerating recovery in Nan province, which suffered severe damage, focusing on repairing damaged riverbanks, building new homes for victims who lost their residences, and repairing community water supply systems. The 96 million baht operation covers 17 provinces: Chiang Mai, Mae Hong Son, Lampang, Lamphun, Chiang Rai, Nan, Phayao, Phrae, Tak, Phitsanulok, Sukhothai, Uttaradit, Kamphaeng Phet, Nakhon Sawan, Phichit, Uthai Thani, and Phetchabun. Captain Patdarasmi Thongsaluaykorn, deputy spokesperson for the Prime Minister's Office, disclosed that the meeting of the committee on flood and drought solutions in the northern region, chaired by Professor Dr. Yoschanan Wongsawat, Deputy Prime Minister and Minister of Higher Education, Science, Research and Innovation, resolved to approve the budget and instructed relevant agencies to expedite action at necessary points so that assistance reaches the public quickly.
Cabinet approves Chai Nat–Pa Sak drainage canal megaproject worth 165 billion baht, bidding to open in 2027
The Cabinet has approved the Chai Nat–Pa Sak–Gulf of Thailand flood diversion canal project, with total investment of approximately 165 billion baht, one of Thailand's largest megaprojects in years. The project aims to create a new water diversion route from the upper Chao Phraya basin directly to the Gulf of Thailand, improving drainage efficiency and reducing flood risk in the central region, Bangkok, and surrounding provinces. The government estimates that once completed, it will reduce flooded area by about 3.48 million rai, add roughly 1.555 billion cubic metres of water storage capacity, and cut economic damage from flooding by about 16.93 billion baht per year. Under the implementation timeline, feasibility studies and design are set for 2026, with construction of phase one beginning in 2027. From 2028 to 2030, the drainage canal, sluice gates, and land acquisition will be carried out. From 2031 to 2033, main structures will be built and systems tested, before full operation in 2034. Asia Plus Securities said the construction contracting group will be the first direct beneficiary, with CK, STECON, and UNIQ standing out as stocks with strong potential to win contracts, while ITD is likely to benefit from its expertise in earthworks and drainage systems. The construction materials group, including SCC, SCCC, and TPIPL, will see support later in the materials usage cycle. Factors to watch are clarity on funding sources, the land acquisition or expropriation process, and the timetable for opening bidding on each contract, with delays in these steps posing a key risk that could push the transmission of benefits later than planned.
CK.BK · Demand · Positive Asia Plus Securities names CK among contractors with strong potential to win contracts in the 165-billion-baht canal megaproject.
STECON.BK · Demand · Positive STECON is named among contractors with strong potential to win contracts in the approved canal megaproject.
ITD.BK · Demand · Positive ITD is cited as likely to benefit from its expertise in earthworks and drainage systems for the approved canal project.
SCC.BK · Demand · Positive SCC is named in the construction materials group expected to see support later in the project's materials usage cycle.
SCCC.BK · Demand · Positive SCCC is named in the construction materials group expected to see support later in the project's materials usage cycle.
UNIQ.BK · Demand · Positive Asia Plus Securities flags UNIQ as a construction contractor with strong potential to win contracts in the approved Chai Nat–Pa Sak drainage canal megaproject.
Cabinet approves 4.73-billion-baht central budget to aid flood relief in 24 provinces, boosting contractor stocks CK and STECON
The Cabinet approved the use of the 2026 central budget amounting to 4.73 billion baht to assist flood victims in 24 provinces. The Budget Bureau proposed that the Bangkok Metropolitan Administration first use about 2.97 billion baht of its own accumulated funds to avoid duplicate payments. Meanwhile, per-household payments, which the Prime Minister has capped at 9,000 baht, must pass eligibility criteria and a committee. The Board of Investment issued relief measures for operators affected by the floods, granting import duty exemptions for machinery brought in to replace damaged machinery and allowing damaged assets to be written off without tax liability. Stock market gurus noted that the relief money, at about 0.01% of GDP, still requires additional measures to be monitored, while funding for water management projects, sized at 0.87% of GDP, is expected to boost short-term sentiment. Investment theme stocks are led by contractors CK and STECON as well as banking stocks. Meanwhile, the Thai stock market yesterday saw the SET INDEX close at 1,559.01 points, down 36.39 points, on a wave of selling driven by concerns over US bond yields, flooding in Bangkok and several provinces, foreign fund flows, and a weakening baht. The 10-year US bond yield rose to around 5.2–5.25%, pressuring banking stocks, especially KBANK and KTB, while DELTA, KTB, KBANK, and SCC were sold on concerns over flooding in the Chao Phraya basin. In addition, SET50 and SET100 will rebalance index weightings at the end of the quarter, with DELTA expected to gain weight from passive funds of about 2 billion baht. The chairman of the National Broadcasting and Telecommunications Commission submitted a letter requesting leave from the board meeting on October 1–2 amid a dispute over the status of the position following a Central Administrative Court ruling, paving the way for commissioners to elect an acting chairman to serve in his place. This is assessed to help reduce policy risk, open the way to expedite approval of the Phase 3 USO budget, and provide positive sentiment for lowest-bid stocks such as GST, INSET, TRUE, and ITEL.
CK.BK · Demand · Positive Cabinet-approved 4.73-billion-baht flood relief and water-management funding is expected to boost contractor stocks, with CK named as a leading investment-theme contractor.
STECON.BK · Demand · Positive STECON is named alongside CK as a leading contractor stock benefiting from the flood-relief budget and water-management project funding.
FLE says municipalities and private sector rush to stock up on water pumps ahead of floods, expanding its base to housing estates and golf courses
Panu Chokapirat, Chief Executive Officer of Frontline Engineering Public Company Limited, or FLE, said that heavy rain and flooding in many areas have led relevant agencies to place greater emphasis on preparing flood prevention and drainage systems, especially the procurement of pumping equipment that can be deployed immediately in an emergency, a factor supporting future demand for water pumps and water management systems. Panu said that many local administrative organizations and municipalities have begun procuring their own pumping equipment to increase their flexibility in assisting the public, while the private sector, especially large housing estate projects and golf courses, is starting to take an interest in designing proactive flood prevention systems to reduce risks to property and operations. The company therefore sees an opportunity to expand its customer base from its previous focus on government projects to the private sector, using a One Stop Service approach through partnerships with allies, with the water pump rental business being one of the businesses the company aims to expand. At the same time, FLE also has an innovation in the form of a mobile pumping vehicle for handling emergency situations, which was used in relief and recovery missions during the past Hat Yai flood event, and it is in the process of developing a robotic water pump that can move into flooded areas and pump water by itself, as well as move down as the water level recedes to keep drainage continuous, reducing limitations in reaching areas where large machinery or personnel have difficulty operating.
Frontline Engineering · Demand · Positive Municipalities and private sector (housing estates, golf courses) rush to procure water pumps and flood-prevention systems, expanding FLE's customer base and supporting future demand.
Frontline Engineering · Technology · Positive FLE is developing a robotic water pump and already deploys a mobile pumping vehicle for emergency flood relief.
Ekniti orders Chao Phraya and Mae Klong basins to prepare for downstream water releases
Dr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, in his capacity as chairman of the committee for the prevention and resolution of flood and drought problems in the central region, has issued an urgent directive to all provinces in the Chao Phraya River basin, the Tha Chin River basin, and the entire central region to prepare for water situations, after water levels in the Chao Phraya Dam approached full capacity and the dam is preparing to increase its discharge rate into downstream areas soon. The directive was issued at the committee's 4/2569 meeting, which was attended by Warawut Silpa-archa, Minister of Industry, and Naphinthorn Srisanpang and Paradorn Prisananantakul, Ministers attached to the Prime Minister's Office. Ayutthaya province in particular was identified as an especially high-risk area and must immediately send teams into the field to assist residents and prepare in advance. Provinces in the Chao Phraya basin such as Ayutthaya, Ang Thong, Pathum Thani, and Nonthaburi must also prepare. The meeting also ordered all provinces to use the Risk Map developed by the Geo-Informatics and Space Technology Development Agency to manage water and issue advance warnings, and instructed provincial governors to prepare relief equipment and notify residents in risk areas thoroughly. This comes as the Meteorological Department forecasts continuous rain in many areas nationwide from October 5 to 8, 2569, especially in the western region around the Mae Klong basin, which requires special monitoring.
TRUE Monitors Networks in 11 Provinces to Handle Flooding, Sends Engineers to Reinforce Base Stations
True Corporation Public Company Limited, or TRUE, disclosed that the company has raised its level of monitoring for base stations and communications support networks in 11 at-risk provinces after the Royal Irrigation Department increased water discharge from the Chao Phraya Dam. The areas are Uthai Thani, Chai Nat, Sing Buri, Ang Thong, Phra Nakhon Si Ayutthaya, Suphan Buri, Lop Buri, Pathum Thani, Nonthaburi, Samut Prakan, and Bangkok. TRUE's network engineering teams are tracking water levels and risks to the network around the clock, and are preparing personnel and equipment for a situation that may change. In the Khlong Chan housing flats area, which is still affected by standing floodwater, the company has sent network engineering teams with flat-bottomed boats to transport generators and equipment in to support base stations within the community, where in some spots the water is chest-deep. During periods when the Metropolitan Electricity Authority cuts power at certain points for safety, the company has increased signal coverage from nearby base stations and brought in generators to supply power to base stations in the area. TRUE is also using artificial intelligence in the form of Predictive Analytics to analyze risks to the network in advance, and is using its smart network operations center, the Business Network Intelligence Center, or BNIC, to link data from various base stations around the clock. On equipment readiness, the company has prepared generators, fuel, batteries, backup power systems, backup network equipment, Cell-On-Wheel mobile base station vehicles, flat-bottomed boats, and four-wheel-drive vehicles, with priority given to key base stations serving hospitals, airports, command centers, public assistance centers, and critical infrastructure, while coordinating with the National Broadcasting and Telecommunications Commission, the Department of Disaster Prevention and Mitigation, and related agencies. Beyond its network mission, the company has delivered drinking water and essential supplies to people in the Khlong Chan housing flats, and has sent engineering teams and mobile base station vehicles to look after the network in the Rom Klao housing area in Lat Krabang district.
TRUE.BK · · Neutral TRUE raises network monitoring and deploys engineers, generators and AI to protect base stations in 11 flood-risk provinces; operational response with no clear financial driver.
Vajiralongkorn Dam at 90% capacity, releasing 42 million cubic metres per day
Naphinthorn Srisanpang, Minister attached to the Prime Minister's Office and chairman of the subcommittee on flood and drought prevention and resolution for the Mae Klong and Phetchaburi-Prachuap Khiri Khan river basins, said the Vajiralongkorn Dam in Kanchanaburi province is at 90% water capacity and must therefore accelerate its water release. On 29 September it released 30 million cubic metres per day, and today that has risen to 42 million cubic metres per day. The water flows down to join the Mae Klong Dam, where it mixes with water downstream of that dam, raising the Mae Klong Dam's discharge from 2,000 cubic metres per second to 2,300 cubic metres per second, and by noon today it will release 2,500 cubic metres per second. Naphinthorn said that to avoid affecting residents along the riverbanks, only 1,500 cubic metres per second should be released, but the current water level will rise about 2 metres above the bank line, so impacts in the Mae Klong basin are expected to be limited to riverbank and low-lying areas. Overall, farmland has been largely unaffected by flooding, and every province has prepared shelters, three meals a day, and advance warnings telling residents to move their belongings to higher ground.
FLE expands private-sector customer base with flood-response pumping system contracts
Panu Chokapirat, Chief Executive Officer of Frontline Engineering Public Company Limited, or FLE, disclosed that heavy rainfall and flooding in many areas have made relevant agencies more aware of the importance of preparing flood prevention and drainage systems, especially the procurement of pumping equipment that can be deployed immediately in emergency situations, a factor supporting future demand for pumps and water management systems. The company is monitoring the flood situation and sending teams on site to provide technical support to pumping station projects in several areas that are strategic to water diversion and drainage, while assessing demand for pumping systems for post-flood recovery. Meanwhile, many local administrative organizations and municipalities are beginning to place greater emphasis on procuring their own pumping equipment. At the same time, the private sector, especially large housing estate projects and golf courses, is showing growing interest in proactive flood prevention system design. Panu said FLE sees an opportunity to expand its customer base from its previous focus on government projects toward the private sector, using a One Stop Service approach through partnerships with allies. The pump rental business is one of the businesses the company aims to expand. FLE also has an innovation in the form of mobile pumping trucks for emergency response, which were used in relief and recovery missions during the previous Hat Yai flood event. The company places importance on continuously developing water management technology, with mobile pumping trucks able to move quickly into areas that need accelerated drainage, such as underpass tunnels, basement areas, and locations hit by sudden flash flooding. It has also developed a robotic form of pump that can move into flooded areas and operate on its own to pump water, as well as follow the receding water level to keep drainage going continuously.
Frontline Engineering · Demand · Positive Flooding awareness drives procurement of pumping equipment and FLE sees opportunity to expand its customer base into the private sector with pump rentals and water management systems.
Bangkok speeds up drainage of eastern floods, Irrigation Department increases discharge at Chao Phraya Dam, Cabinet approves 4.7 billion baht
The severe flooding situation in Bangkok's eastern districts remains deep after several consecutive days, particularly in communities around the Kheha and Khlong Chan areas, Sahakorn Village in Bueng Kum district, the Athletes' Village, and Rom Klao housing estate. The Bangkok Metropolitan Administration is accelerating drainage through main canals and pumping water into the Chao Phraya River. Drainage times vary by area depending on the basin characteristics of the interconnected eastern zone, Pathum Thani, and Samut Prakan. Most recently, the Royal Irrigation Department announced it is increasing discharge through the Chao Phraya Dam to 2,500 cubic metres per second from noon today, after water volumes above the dam showed an upward trend. It expects that on 2 October the volume of water flowing through Nakhon Sawan will peak at about 3,000 cubic metres per second. Areas requiring special monitoring include Phra Nakhon Si Ayutthaya, Ang Thong, Sing Buri, and Chai Nat. Meanwhile, the Department of Disaster Prevention and Mitigation has sent SMS alerts to residents in at-risk areas of Nonthaburi, Pathum Thani, Samut Songkhram, Samut Sakhon, Prachin Buri, Phetchaburi, and Kanchanaburi, urging them to move belongings to higher ground. Yesterday, the Cabinet meeting approved a central budget of more than 4.7 billion baht to assist and compensate flood victims from the 2026 flood event, and also approved in principle a big-project long-term water management programme for Chai Nat, Pa Sak, and the Gulf of Thailand worth about 160 billion baht to improve the efficiency of draining water from the Chao Phraya basin and the central region into the Gulf of Thailand and reduce chronic flooding. Construction is expected to take about 8 years.
Emergency Flooding Hits All 50 Bangkok Districts, 2026 GDP Expected to Lose 21 Billion Baht
The Bangkok Metropolitan Administration declared an emergency disaster situation on September 26 after 48 hours of continuous heavy rain, with accumulated rainfall exceeding 300 mm in some areas. Flooding inundated major roads, causing traffic congestion at 37 locations, and all 50 districts were declared disaster areas, with thousands of residents forced to evacuate. This shock differs from the 2011 mega-flood because it was caused by rainfall within the area rather than a massive northern water mass. Bhumibol and Sirikit dams can still hold nearly 7 billion cubic meters of water. Industrial estates in Ayutthaya remain at normal alert levels, and Suvarnabhumi Airport continues normal operations. In the base case where waters recede within one to two weeks, the floods will cost 2026 GDP about 21 billion baht, or -0.11 percentage points, concentrated in the third quarter at about 19.1 billion baht, while the fourth quarter sees only about -1.8 billion baht. Tourism is expected to be affected by about 160,000 people in October, or just 0.5% of the full year, so the full-year forecast is maintained at 33 million visitors. The Thai Help Thai Plus Phase 2 measure, which distributes about 1,000 baht per person, will boost GDP by about +0.08 percentage points, offsetting nearly all of the negative flood impact and leaving a net effect of about -0.03 percentage points, keeping GDP steady at 2.0% for both 2026 and 2027. However, after the 2011 mega-flood, the government issued an emergency decree to borrow up to 350 billion baht to develop a water management system, but actual disbursement reached only about 25 billion baht before projects stalled. Meanwhile, public debt to GDP recently stood at about 67.45%, approaching the 70% ceiling, and many parties assess it could hit the ceiling as early as 2027, amid a medium-term fiscal framework targeting a deficit below 3% of GDP by fiscal year 2029.
FTI warns of water risks in 3 at-risk areas, urges businesses to review BCP plans for sea-water surge
The Federation of Thai Industries, or FTI, has issued a water-risk advisory, calling for special monitoring in the Mae Klong basin, the Chao Phraya basin and the Eastern region, and urging operators to manage risk proactively and review their business continuity plans, or BCP, to cope with sea-water surge. Prida Watcharathiansakul, FTI vice chairman and chairman of the Water, Environment and Climate Change Institute, said that as of 29 September 2026, although rainfall overall has begun to ease, water risks are not yet over. Water volume in reservoirs nationwide stands at 62.643 billion cubic metres, or 78% of storage capacity, with usable water of 38.523 billion cubic metres, or 68%. The Western region has reservoir water as high as 90% and the Eastern region 89%. In the Mae Klong basin, discharge downstream of the Mae Klong dam has been increased to 2,000 cubic metres per second, affecting riverside and low-lying areas in Ratchaburi, Samut Songkhram and Samut Sakhon. In the Chao Phraya basin, the C.2 station in Nakhon Sawan has a flow-through of 2,038 cubic metres per second, and the Chao Phraya dam is discharging 2,000 cubic metres per second. The Pa Sak Cholasit dam will gradually increase discharge from 25 cubic metres per second starting 30 September and raise it to a maximum of 400 cubic metres per second on 2 October 2026. In the Eastern region, the Dok Krai reservoir in Rayong holds 93.19 million cubic metres, or 112% of its additional storage level, and is continuously releasing water through its spillway. Meanwhile, the National Water Resources Office, or ONWR, has announced high sea-water surge warnings from 29 September to 4 October 2026 in Chachoengsao, Samut Prakan, Bangkok, Nonthaburi, Pathum Thani, Samut Sakhon, Nakhon Pathom and Samut Songkhram, especially areas outside flood barriers and along Sukhumvit, Suk Sawat and Rama II roads. FTI asks operators to inspect flood barriers, pumping systems and electrical systems, move raw materials, chemicals and key assets to safe areas, check backup transport routes, and set decision points for adjusting, reducing or halting production if the situation worsens.
TEAMG eyes flood-control and southern double-track rail work, targeting 10% revenue growth in 2026
TEAMG disclosed that flooding in many areas is creating business opportunities for the company. Chavalit Chantarat, Chief Executive Officer of Team Consulting Engineering and Management Public Company Limited, or TEAMG, told Than Hoon that the company has expertise in designing and managing drainage systems, giving it opportunities to win new work with government agencies such as the Royal Irrigation Department, Bangkok Metropolitan Administration, and the Department of Water Resources, especially in eastern Bangkok, where the company designed Phase 1 of the Bueng Nong Bon monkey-cheek project and is monitoring Phase 2 of the Bueng Nong Bon project, which has already received government budget approval. As for the Pa Sak–Gulf of Thailand drainage canal construction project, a massive undertaking with a budget in the hundreds of billions of baht, the company will carefully consider opportunities to take part, focusing on projects where it has expertise and a track record of prior design work. The company aims to pursue large infrastructure investment projects under the budget plan approved by parliament, particularly the southern double-track railway project heading toward the Thai-Malaysian border town municipality, several sections of which the company previously designed, and it is also proposing designs for pipes and drainage channels beneath railways in flood-hit areas such as Hat Yai district. As for its order backlog, in the third quarter of 2026 alone it stands at at least 4.85 billion baht, in line with its target, with the company expecting to secure no less than 1.5 billion baht in new work in both the third and fourth quarters of 2026, supporting its goal of 10% or more revenue growth in 2026.
TEAMG.BK · Demand · Positive Flooding creates opportunities to win new drainage and flood-control work with government agencies, plus southern double-track rail projects, supporting its 10% revenue growth target.
Southland Wins $71M Southwest Water Pipeline Project, Shares Jump 26%
Southland said its Civil segment subsidiary Oscar Renda Contracting won a $71M water pipeline project in the Southwest. The project includes the installation of about 14 miles of 42-inch welded steel water pipeline, and the scope also includes trenchless crossings. The award will be added to Southland's third-quarter 2026 backlog. The stock price climbed about 26% on Tuesday pre-market hours.
Cabinet approves 4 billion baht central budget for flood relief and 160 billion baht drainage project
The Cabinet meeting resolved to approve the remaining central budget of approximately 4 billion baht to assist and compensate people affected by flood situations nationwide, not limited to the Bangkok area. Prime Minister and Interior Minister Anutin Charnvirakul stated that the payment of 9,000 baht per household in assistance must follow the prescribed criteria and conditions. The meeting also approved a drainage project along the Chao Phraya–Pa Sak–Gulf of Thailand route with a budget of approximately 160 billion baht, expected to take about 8 years to complete, using both budget funds and loans. Once finished, it will improve flood prevention efficiency in the central region, Bangkok, and surrounding provinces. At the same time, Ekkaphop Pienprisit, spokesperson for the Prime Minister's Office, announced that the disaster insurance program for the public will begin providing coverage from October 1, 2026, to October 1, 2027, covering damage to residences and deaths from floods, storms, and earthquakes, with the government proposing coverage of 75 billion baht. The Office of the Insurance Commission is in final negotiations on details with insurance companies. Meanwhile, Lalida Periswiwatana, deputy spokesperson for the Prime Minister's Office, disclosed that the Cabinet approved the allocation of the annual expenditure budget for fiscal year 2026, central budget, contingency reserve for emergency or necessary cases, in the amount of 1,206,477,900 baht to the Student Loan Fund to maintain liquidity and transfer payments to 141,838 student borrowers through the end of the 2026 academic year. Meanwhile, Siripong Angkasakulkiat, Deputy Minister of Transport, urged the public to move their cars off the expressways and Don Mueang Tollway quickly, with about 40 tow trucks prepared to support traffic police, and parking buildings of the Mass Rapid Transit Authority of Thailand remain open for free parking until October 2. Separately, Surasak Phanchareonworakul, Minister of Tourism and Sports, criticized Thai Airways' baggage management after passenger luggage was left behind and flights were delayed, and proposed that the Ministry of Finance, as major shareholder, consider convening a board meeting to discuss solutions to the problem.
Irrigation Department revises water release plan for Pa Sak Dam after reservoir reaches 102% of capacity
The Royal Irrigation Department reported that Pa Sak Cholasit Dam's water volume has risen to 891 million cubic metres, or 102% of reservoir capacity, with 877 million cubic metres of usable water, also 102%, meaning it is now full to storage capacity. Meanwhile, Khun Dan Prakarn Chon Dam in Nakhon Nayok province holds 217.17 million cubic metres, or 96.95% of its 224 million cubic metre capacity, with 11.482 million cubic metres flowing in and a total release of 13.464 million cubic metres. The four main dams in the Chao Phraya basin still hold a combined 11,136 million cubic metres of usable water, or 62%, and can still take in another 6,959 million cubic metres. The Irrigation Department therefore must gradually step up releases from Pa Sak Cholasit Dam starting on 30 September 2026, from 115 cubic metres per second to 230 cubic metres per second on 1 October 2026 and 400 cubic metres per second on 2 October 2026. Water levels in the Pa Sak River are expected to rise by 3.50 to 4.00 metres but should remain within the river channel without overflowing its banks. At the same time, Rama VI Dam will increase its releases to 600 to 700 cubic metres per second during 28-29 September 2026, raising water levels downstream of the dam by 1.00 to 1.20 metres. Communities along the Pa Sak River and low-lying areas in Tha Ruea district and in Tha Luang, Tha Chao Sanuk and Champa subdistricts of Phra Nakhon Si Ayutthaya province are therefore being warned to move their belongings to higher ground. Currently 30 provinces are affected by flooding, while 26 have returned to normal conditions.
Krungsri flags 5 stocks set to benefit after floods, forecasts 2026 dividends
Analysts at Krungsri Securities estimate that flooding in Bangkok and its surrounding provinces over the past weekend will hit the economy by about 0.16% of GDP, assuming the floods disrupt activity for one week, with Bangkok as the main economic area accounting for 34% of GDP. They said the groups that benefit once floodwaters recede include retailers of home repair equipment such as HMPRO, GLOBAL and DOHOME, construction materials players such as SCC and TASCO, and contractors expected to gain from a push for more state projects to tackle flooding. On dividend forecasts for 2026, analysts at Finansia Syrus Securities upgraded HMPRO from "hold" to "buy" with a target price of 7.20 baht and an expected dividend of 0.36 baht. Krungsri maintained its "buy" rating on GLOBAL with a target price of 8.80 baht and an expected dividend of 0.29 baht, and kept its "buy" rating on DOHOME with a target price of 4.40 baht and an expected dividend of 0.06 baht. KGI Securities (Thailand) recommended "buy" on SCC with a target price of 305 baht and an expected dividend of 8.50 baht, while analysts at Yuanta Securities (Thailand) maintained their "buy" rating on TASCO with a target price of 19.40 baht and an expected dividend payout of 1 baht for 2026.
DOHOME.BK · Demand · Positive Named as a home-repair retailer set to benefit from post-flood demand, with Krungsri maintaining buy and a 2026 dividend forecast.
GLOBAL.BK · Demand · Positive Named as a home-repair retailer expected to benefit once floodwaters recede, with Krungsri keeping buy and a 2026 dividend forecast.
HMPRO.BK · Demand · Positive Named as a home-repair retailer set to benefit from post-flood demand, and upgraded to buy by Finansia Syrus with a 2026 dividend forecast.
SCC.BK · Demand · Positive Named as a construction-materials player expected to benefit from post-flood rebuilding, with KGI recommending buy and a 2026 dividend forecast.
TASCO.BK · Demand · Positive Named as a construction-materials player expected to benefit from post-flood rebuilding, with Yuanta maintaining buy and a 2026 dividend forecast.
Kasikorn Research Center expects floods to hit the economy by 0.03–0.11% of GDP
Kasikorn Research Center estimates that continuous heavy rainfall from September 25–27, 2026, which caused flooding in Bangkok, its surrounding provinces, and several other provinces, temporarily disrupted economic activity, particularly in retail, restaurants, services, travel, and SMEs in Bangkok and its vicinity. It puts the preliminary net impact on the economy at 7,000–17,000 million baht, or about 0.03–0.11% of GDP, over a timeframe of roughly 3–7 days. Most of the damage is a temporary loss of economic activity, and some may be recovered as spending is deferred. However, the damage remains highly uncertain. If the flooding is prolonged or affects the manufacturing sector, transport systems, and key supply chains, the impact could increase significantly. In addition, households and businesses will still have to face recovery costs and property damage for some time after the water recedes.
Government sticks to 9,000 baht per household flood relief, sets aside 2 billion baht in mid-2026 budget
Paradorn Prisananantakul, Minister attached to the Prime Minister's Office, said after a meeting of the committee on flood and drought prevention and resolution in the central region, chaired by Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, that those affected by flooding are entitled to relief payments of 9,000 baht per household, because the same criteria must apply nationwide. Bangkok has its own regulations for compensating and assisting the public and is still discussing allocation details with the government. Paradorn said the government has set aside about 2 billion baht in the mid-2026 budget to handle flood situations nationwide, including Bangkok, from September 20 onward. The Department of Disaster Prevention and Mitigation must report flooding that has occurred since September 20 for the Cabinet to decide on next. For relief to the public in the event of a situation from October 1, 2026 onward, responsibility will fall to the Office of the Insurance Commission, which has already signed a contract to use the National Catastrophe Insurance scheme. As for relief measures for cars in Bangkok damaged by flooding, these will be discussed at the Cabinet meeting on September 29.
Asia Plus flags four home-repair stocks set to benefit after Bangkok floods
Asia Plus Securities said the flooding in Bangkok and its surrounding provinces between 25 and 27 September, caused by continuous heavy rain, led to widespread inundation, with damage concentrated mainly in residential and shophouse segments, which are likely to need repairs once the water recedes. Infrastructure and large construction projects, meanwhile, saw only limited impact. The research team views the most direct beneficiaries as the construction materials group for home repair and decoration, particularly floor and wall tiles such as DCC and SCGD, synthetic wood such as DRT, and house paint such as TOA. The cement group SCC, SCCC and TPIPL is unlikely to gain significantly, while TASCO still lacks a clear catalyst. For contractors, the impact on CK and STECON is limited in both positive and negative terms, with the key issue to watch being clarity on water management plans and government investment in flood protection infrastructure. The research team favours investment in the home repair and renovation group, with a positive view on DCC at a consensus fair value of 1.51 baht, SCGD at a consensus fair value of 6.61 baht, and DRT and TOA at a consensus fair value of 18.03 baht, on the back of post-flood restoration demand, while the upside for CK and STECON still depends on clarity over future government water management investment plans.
DCC.BK · Demand · Positive DCC is named a direct beneficiary of post-flood home repair demand for floor and wall tiles, with a positive view and consensus fair value of 1.51 baht.
SCGD.BK · Demand · Positive SCGD is named a direct beneficiary of post-flood home repair demand for floor and wall tiles, with a positive view and consensus fair value of 6.61 baht.
TOA.BK · Demand · Positive TOA is named a direct beneficiary of post-flood home repair demand for house paint, with a positive view and consensus fair value of 18.03 baht.
CK.BK · Demand · Neutral CK's impact from the floods is limited in both positive and negative terms, with upside depending on clarity over future government water management investment plans.
STECON.BK · Demand · Neutral STECON's impact from the floods is limited in both positive and negative terms, with upside depending on clarity over future government water management investment plans.
Prase River in Klaeng District Overflows Its Banks by 68 Centimeters; Residents Forbidden to Return to Low-Lying Areas
Government spokesperson Ekapop Pienpisit said the water situation in Ban Khao Wang Sai, Klaeng District, Rayong Province, has reached a critical stage. At 10:00 a.m., the water level at gauge station Z.11 stood at 7.21 meters, rising rapidly by 15 centimeters within one hour from 7.06 meters at 9:00 a.m. Meanwhile, the flow rate increased to 205.20 cubic meters per second, above the critical threshold of 168.00 cubic meters per second, causing the water level to exceed the riverbank by 68 centimeters. A large mass of water from upstream areas has flowed down and joined the current, pushing water levels in the Prase River and nearby areas higher and causing rapid, strong currents. The government is therefore urging people who have already evacuated to absolutely refrain from returning to low-lying riverside areas and to stay in safe locations. People in downstream areas should monitor water levels that may rise and suddenly overflow into their areas, closely follow official warnings, and contact authorities immediately if they need assistance. Government agencies are fully mobilizing forces to help the public.
