Airline Stocks Soar over the Announcement of Thailand Reopening on Nov 1

Airline stocks in the Thai stock market edged higher in the morning session on October 12, 2021, after the announcement from the Thai Prime Minister last night saying that Thailand will reopen starting from November 1.

 

As of 10:27 local time in Thailand, the share price of Airports of Thailand Public Company Limited (AOT) rose 4.28% to ฿67.00/share. Asia Aviation Public Company Limited (AAV) soared 9.09% to ฿3.12share and Bangkok Airways Public Company Limited (BA) jumped 5.13% to ฿12.30/share.

 

Last night, the Thai Prime Minister Prayut Chan-o-cha stated that Thailand will welcome international tourists from low risk countries who are fully vaccinated and without the requirement for quarantine.

In the statement, the Thai PM said that some countries such as England, Singapore, and Australia have started to allow their citizens to travel to Thailand without much difficulty as Thailand sees a drop in Covid-19 infections and deaths. Thus, the government expects to welcome international tourists for the most benefit in the travelling season near the end of the year.

The low-risk countries include England, Singapore, Germany, China and the United State of America and some other countries. Meanwhile, Thailand will also welcome tourists from countries outside these aforementioned low-risk countries, but quarantine is required.

Moreover, alcohol will be allowed in restaurants starting from December 1, 2021, while entertainment places will also be allowed to open under safety measures.

 

Mr. Suchet Suktae stated through “Kaohoon Jor Talad Program” on October 12, 2021, picking four sectors that will benefit from the reopening next month as follows;

1) Transportation Reopening – AOT, AAV, BA, BTS, BEM,

2) Hotel Reopening – CENTEL, ERW, AWC

3) Commerce Reopening – M, ZEN, OSP, CBG

4) Entertainment Reopening – MAJOR, PLANB, VGI, MONO