Tourism, retail stocks picked to profitAfter being battered by pandemic closures, tourism and retail stocks stand to benefit from Thailand's October reopening. The Tourism Authority of Thailand (TAT) is set to propose a plan to reopen Chon Buri, Chiang Mai, Phetchaburi and Prachuap Khiri Khan on Oct 1. Asia Plus Securities (ASPS) expects the tourism industry to start recovering from 2022. Of the 27 stocks selected, Airports of Thailand (AOT) and Central Retail Corporation are the broker's top picks in terms of highest prospects for recovery. After the five provinces are reopened next month, aviation stocks are expected to increase based on positive sentiment from more frequent domestic flights and more passengers, said ASPS.

Source: Bangkok Post September 18, 2021 00:11 UTC