Tourism stocks tumble amid Chinese tourist fears

[snoop1130]

Photo courtesy of Bangkok Post

 

By Puntid Tantivangphaisal

 

Thai tourism stocks took a hit this morning as concerns mounted over a potential decline in Chinese tourist arrivals during the Chinese New Year. The drop follows revelations about a Chinese actor, Wang Xing, who was found in Myanmar and is suspected to have been a victim of human trafficking. This incident has cast a shadow over Thailand’s safety reputation.

 

Leading the decline was Minor International Public Company Limited (SET: MINT), which fell by 4.07% or 1 to 23.60 baht, with a trading value of 606.73 million baht. Bangkok Airways Public Company Limited (SET: BA) dropped by 1.89% to 20.80 baht, while Asia Aviation Public Company Limited (SET: AAV) and S Hotels and Resorts Public Company Limited (SET: SHR) both experienced declines of 1.63% and 1.89%, respectively.

 

DAOL Securities (Thailand) flagged concerns raised by the Association of Thai Travel Agents (ATTA) about a possible 10 to 20% drop in Chinese tourist arrivals during the peak holiday period. Weekly arrivals, which averaged 181,080 during the Chinese New Year last year, could decline to between 145,000 and 163,000 this year. This could bring the total number of Chinese tourists in 2025 to 8 million—an annual increase of 19%, but lower than earlier projections.

 

 

Analysts noted that stocks heavily reliant on Chinese tourists, such as MINT, ERW, CENTEL, and SHR, are likely to feel the brunt of the impact. However, resilient growth in arrivals from India and Europe is expected to offset some losses.

 

DAOL Securities remains optimistic about the tourism sector, maintaining an “overweight” rating and recommending BUY for AAV, CENTEL, and MINT, with target prices of 3.60 baht, 44 baht, and 34 baht, respectively. While challenges loom, the broader tourism recovery is projected to drive Thailand’s overall arrivals to 39 million in 2025, a 10% increase year-on-year, reported Kaohoon International.

 

Despite the potential drop in Chinese visitors, Thailand’s economy is set to light up like a firecracker this Chinese New Year, with spending forecast to rise by over 3%, according to the Economic and Business Forecasting Centre at the University of the Thai Chamber of Commerce.

 

Source: The Thaiger

-- 2025-01-10

 

 

[thaibeachlovers]

8 hours ago, snoop1130 said:

Thai tourism stocks took a hit this morning as concerns mounted over a potential decline in Chinese tourist arrivals during the Chinese New Year.

Good news story then. The horde destroys every place it lands in, IMO.

[Hawaiian]

2 hours ago, thaibeachlovers said:

Good news story then. The horde destroys every place it lands in, IMO.

From my experience Japanese tourists are hard to beat.  Most are neat and polite and not loud and boisterous. 

[hotchilli]

11 hours ago, snoop1130 said:

Thai tourism stocks took a hit this morning as concerns mounted over a potential decline in Chinese tourist arrivals during the Chinese New Year. The drop follows revelations about a Chinese actor, Wang Xing, who was found in Myanmar and is suspected to have been a victim of human trafficking. This incident has cast a shadow over Thailand’s safety reputation

Thailand is gaining a reputation for being a gateway to many scams

[daveAustin]

Nice to read some good news on here for a change. 

[harryviking]

5 hours ago, thaibeachlovers said:

Good news story then. The horde destroys every place it lands in, IMO.

LOL! Agree! The "Buffet Monsters" can stay home... 

[jippytum]

The tourism open door free visa policy has backfired. 

Many reports of Chineese being assaulted, robbed, extorted  and blackmailed by their own countrymen. 

The situation will get worse with the approval of online betting and casinos in Thailand. 

[bendejo]

While staying in Malaysia I enjoyed their English-language newspapers.  Seemed every other week someone would be arrested trafficking an attache case filled with stolen credit cards.  Gotta wonder where they got them.  The "ring" was said to be run by Chinese, but it was never clear if they were Malaysian Chinese or PRC, but the articles assumed the cards were Chinese.

Or maybe it was just the same damned collection of cards that would get lost in police storage after the previous busts. 🙂

 

[AZJA]

21 hours ago, snoop1130 said:

Zdjęcie dzięki uprzejmości Bangkok Post

 

Przez Puntid Tantivangphaisal

 

Tajskie zasoby turystyczne przypadły dziś rano, ponieważ obawy wzrosły o potencjalny spadek liczby chińskich turystów podczas chińskiego Nowego Roku. Spadek następuje po ujawnieniu informacji o chińskim aktorze, Wang Xing, który został znaleziony w Birmie i podejrzewa się, że był ofiarą handlu ludźmi. Ten incydent rzucił cień na reputację Tajlandii w zakresie bezpieczeństwa.

 

Prowadzącym spadek był Minor International Public Company Limited (SET: MINT), która spadła o 4,07% lub 1 do 23,60 baht, o wartości handlowej 606,73 mln bahtów. Bangkok Airways Public Company Limited (SET: BA) spadł o 1,89% do 20,80 baht, podczas gdy Asia Aviation Public Company Limited (SET: AAV) i S Hotels and Resorts Public Company Limited (SET: SHR) odnotowały odpowiednio spadki o 1,63% i 1,89%.

 

DAOL Securities (Tajlandia) wyraziła obawy zgłaszane przez Association of Thai Travel Agents (ATTA) o możliwym spadku liczby chińskich turystów o 10 do 20% w okresie wakacji. Przyjazdy tygodniowe, które w ubiegłym roku w Nowym Roku w Chinach wynosiły średnio 181 080 osób, mogą spaść do 145 000 do 163 000 w tym roku. Może to doprowadzić do tego, że całkowita liczba chińskich turystów w 2025 r. do 8 milionów - roczny wzrost o 19%, ale niższy niż wcześniejsze prognozy.

 

 

 

Analitycy zauważyli, że zapasy silnie uzależnione od chińskich turystów, takich jak MINT, ERW, CENTEL i SHR, prawdopodobnie odczują ciężar uderzenia. Oczekuje się jednak, że odporny wzrost liczby przyjazdów z Indii i Europy zrekompensuje pewne straty.

 

DAOL Securities pozostaje optymistą co do sektora turystycznego, utrzymując rating „nadwagi” i zalecając BUY dla AAV, CENTEL i MINT, z cenami docelowymi odpowiednio 3,60 baht, 44 baht i 34 baht. Przewiduje się, że szersze ożywienie turystyczne zwiększy liczbę tajlandzkich przyjazdów do 39 milionów w 2025 roku, co stanowi 10% wzrost rok do roku, poinformował Kaohoon International.

 

Pomimo potencjalnego spadku liczby chińskich gości, gospodarka Tajlandii ma zapalić się jak petarda w tym chińskim Nowym Roku, a wydatki mają wzrosnąć o ponad 3%, zgodnie z Centrum Prognozowania Gospodarki i Biznesu na Uniwersytecie Tajskiej Izby Handlowej.

 

Autor zdjęcia: The Thaiger

-- 2025-01-10

 

 

 

[AZJA]

Corruption and government inconpetence.

[Karma80]

I think they vastly underestimate how this has blown up all over Chinese and HK social media. Today the HK security services dispatched a task force to Thailand to co-ordinate rescue operations for their missing citizens.

 

Social media is full of people cancelling flights and bookings. HK people have plenty of choices about where to go. The HKD is very strong, and they have a lot of spending power.

[bkknirvana]

Ban the Chinese! They have no manners.

[Dcheech]

Or a smoke screen to conceal Chinese economic recession & less international tourism by Chinese, across the board. TIT.

 

[Woke to Sounds of Horking]

Commie claptrap.

 

Have to scare the Chinese tourists into staying at home and spending $$ in China.

 

You can't believe a word that comes from them.

 

Few yrs ago it was lettermail from Canada that caused fresh infections of Corvid.  😂