Tellimer

TH : Minor International - Fragile recovery

Europe has started lifting movement controls, but we believe that tourism recovery is fragile as several regions face new waves of Covid-19 outbreak. The third wave of Covid-19 in Thailand has caused the government to reinstate the 14-day quarantine for all incoming travellers. We reiterate our Reduce call with a higher THB23 target price (2.4x FY21F P/BV, 0.5 s.d. below its 5-year mean).


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers