Analysts Recommend 11 Fundamentally Strong Stocks to Boost by Bangkok Easing Restrictions

Kaohoon Online has compiled the investment theme provided by Thailand’s renowned analysts as Thailand started a new phase of easing lockdown measures. The securities have outlined six stock sectors that are projected to benefit from such issues including retail, restaurant, department store, hotel, airline and airport: SPA, MINT, AOT, CPALL, BDMS, CPN, CENTEL, HMPRO, M, VRANDA, and ZEN.

According to DBS Vickers Securities (DBSVS), the Prime Minister has directed Bangkok to loosen Covid-19 restrictions beginning Monday, June 14, and Phuket to begin accepting vaccinated foreign tourists via the Phuket Sandbox program on July 1.

Five types of businesses and venues are permitted to reopen, including museums-archaeological sites, public parks, beauty clinics, foot massage shops, and tattoo and nail salons located only in Phuket.

DBSVS believes that the recent lifting of the lockdown will boost Thailand’s economy, particularly the tourism industry. Additionally, it will enhance stocks such as SPA (BUY, TP 10.00). MINT was retained as a Top Pick with a target price of 36.00 baht per share.

Meanwhile, Finansia Syrus Securities (FSS) said as the city will gradually reopen following the launch of the nationwide Covid-19 vaccine campaign last week,  domestic players in the sectors such as retail, restaurant, shopping mall, hotel, airline, and airport (AOT, CPALL, BDMS, CPN, CENTEL, HMPRO, M, VRANDA, and ZEN) are projected to benefit from these issues and would outperform the market.