BA Rebounds 8% to Bt11.80 in Anticipation of Koh Samui Reopening
BA gained 8% in share price as investors monitor the opening of Koh Samui, which is a signature route for BA.
The share price of Bangkok Airways Public Company Limited (BA) rose ฿0.90/share or 8.26% to ฿11.80/share as of 16:07 local time in Thailand on July 9, 2021.
The share price rebounded from a 9% plummet on July 7, in a profit taking after the price rose to ฿12.00/share in prior session due to an anticipation of Phuket Sandbox.
If the Phuket Sandbox is a success, Koh Samui could be in line for the next opening for foreign travellers, which is BA’s main route to the Southern region of Thailand. BA launched the Samui-reopening programme with 3 inbound flights and 3 outbound flights daily between Koh Samui and Bangkok. The flight is expected to launch on July 15, 2021.
