Equity Analysis /
Thailand

Thailand: Transportation - Recovery playing out in real time

  • Cross-border (ex-Chinese) tourism building momentum

  • Strong ground traffic recovery follows reopening

  • Sector call remains OVERWEIGHT

Bualuang Securities
8 November 2022

We expect the 3Q22 results of our Transport coverage to rise QoQ, driven by easing travel restrictions and the end of work-from-home policies among offices. BEM is now our top Transport pick. Our investment horizon rolls over to YE23.

We expect the 3Q22 results of our Transport coverage to rise QoQ, driven by easing travel restrictions and the end of work-from-home policies among offices. BEM is now our top Transport pick. Our investment horizon rolls over to YE23.