AOT Falls 5% as Global Marks 40 Million Coronavirus Cases with Faster Infection Rates!

The share price of Airports of Thailand Public Company Limited (AOT) fell ฿3.00/share or 5.36% to ฿53.00/share at the closing of the morning session on October 19, 2020, in response to an uptick in coronavirus cases in the U.S. and Europe.

 

According to the data compiled by Reuters, it took 32 days to go from 30 million global cases to 40 million, compared with the 38 days it took to get from 20 to 30 million, the 44 days from 10 to 20 million, and the three months it took to reach 10 million cases from when the first cases were reported in Wuhan, China, in early January 2020.

Yesterday, the U.S. saw an uptick nearly 45,000 new cases with a record of 8.3 million cases in total. Meanwhile, Europe recorded a total of 7 million cases in which 135,058 cases were new.

 

AOT continued its shaky stance as the worldwide infection of coronavirus has yet to slow down as global just recorded 40-million infections on Monday along with more than 1.18 million deaths.

Thailand recently introduced a new measure for traveling buble by granting a special visa for long-stay tourists which required a negative coronavirus test prior to the flight and a 14-day quarantine after arriving Thailand. However, the analyst expected a slight upside to AOT’s earnings as the international arrival would be limited.