Asia Wealth Securities (AWS) had a positive view on tourism-related stocks over the starting of Starting Phuket Sandbox on July 1, 2021, expecting to see an increase in tourist numbers.
AWS chose AOT, AAV, BA, MINT, ERW, DUSIT and SHR to receive the positive sentiment from the Phuket Sandbox, saying that data from Phuket Airport has not been notified to cancel flights from the airline by July 1.
According to the flight schedule, there are 5 flights to Phuket, while THAI passengers from Europe have not canceled yet, they are still flying into Phuket as usual. Thai Airways will have direct flights from Frankfurt, Paris and Copenhagen into Phuket on July 3rd with the total number of 160 passengers and on July 4th, there will be direct flights from London and Zurich to Phuket with about 226 passengers, despite the delay in the process of obtaining a Certificate of Entry (COE), which normally takes 3-5 days.
AWS believed that the negative factors were reflected in the previous drop in share prices and expecting to see a steady increase in tourist numbers in the 2nd to 3rd week and from hereone.
AWS stated that its investment strategy remained positive on tourism-related stocks. while the risk factors that need to be monitored are only the situation of the COVID-19 epidemic in the area. If infected, it will be a negative sentiment to the recommended stocks.
As of 11:40 local time in Thailand, the share price of Airports of Thailand Public Company Limited (AOT) rose ฿0.75/share or 1.21% to ฿62.75/share with a trading value of 443 million baht.
Asia Aviation Public Company Limited (AAV) rose ฿0.04hare or 1.42% to ฿2.86/share with a trading value of 12.5 million baht.
Bangkok Airways Public Company Limited (BA) was flat at ฿10.60/share with a trading value of 443 million baht.
Minor International Public Company Limited (MINT) rose ฿0.25/share or 0.83% to ฿30.25/share with a trading value of 219 million baht.
The Erawan Group Public Company Limited (ERW) rose ฿0.02share or 0.70% to ฿2.88/share with a trading value of 7.5 million baht.
S Hotels and Resorts Public Company Limited (SHR) rose ฿0.04/share or 1.18% to ฿3.34/share with a trading value of 4.4 million baht.
Dusit Thani Public Company Limited (DUSIT) fell ฿0.10/share or 1.02% to ฿9.75/share with a trading value of 19,500 baht.