With a plan to reopen the country for tourism, Thailand is set to launch a “vaccine passport” in order to shorten the quarantine to 7 days, at the same time, the possible lifting of emergency decree at the end of May is under discussion. Analyst expects this issue to benefit stocks in tourism (MINT, CENTEL, ERW), airline (AAV), retail and property (CPN, CRC, CPALL, BJC, SPVI), and hospital (BDMS, BH) sectors.
Thailand’s Centre for COVID-19 Situation Administration (CCSA) said on Monday (March 9) that CCSA has planned to lift the Emergency Degree at the end of May following lockdown relaxation, which will propose to the CCSA board on March 15 for the decision. However, the Communicable Diseases Act will remain.
CCSA is also discussing to shorten the period of mandatory quarantine from 14 days to 7 days for vaccinated people and 10 days for unvaccinated foreign visitors.
Meanwhile, Public Health Minister Anutin Charnvirakul stated that Thailand will reopen the border when the coronavirus is widely available in the country, but is currently discussing issuing a vaccine passport to residents who have completed their vaccination.
Asia Plus Securities (ASPS) believes as infection in Thailand is slowing down and vaccine is being distributed, economic activities have mostly returned to normal, therefore lockdown easing still has positive sentiment on stocks benefiting from reopening, especially tourism (MINT, CENTEL, ERW), aviation (AAV), property and commerce (CPN, CRC, CPALL, BJC, SPVI), and healthcare (BDMS, BH), recommending a vaccine passport play.