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Thai hospitality and travel shares soar on reopening plans


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Domestic travel will at least provide some base income to allow places to open. Once things are open international tourists will arrive if restrictions are fully removed, it's not all going to just happen like opening the doors of a January sale!!

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20 hours ago, Jonathan Fairfield said:

"A reopening would mean that full mobility is restored ... we are much optimistic on the domestic travel and consumption," said Maria Lapiz, head of institutional research at Maybank Kim Eng

And I wonder if Maria is selling into the rally.

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42 minutes ago, bangon04 said:

so the biggest companies - airlines and hotel groups etc - are profiting again? good news for the well-connected

To be expected.

Yet, hasn't it always been of this nature? 

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2 hours ago, bangon04 said:

so the biggest companies - airlines and hotel groups etc - are profiting again? good news for the well-connected

Stock price rise doesn't mean biggest companies are profitable. More like a bet on the future they will be profitable. How do these prices compare to prices in 2019?

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On 10/12/2021 at 4:47 PM, Jonathan Fairfield said:

Thailand's strict entry requirements had kept COVID-19 infection numbers low until this year, but at a huge loss to jobs and revenues in its vital tourism sector.

Utter garbage, reported numbers were low because of extremely miniscule testing and the ludicrous no test no have policy.

 

The entry door was shut long after the Chinese Covid 19 filly had bolted and run amok amongst the population 

Edited by sapson
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