The year 2020 has to be called a grueling year all over the world. Probably because everyone has to face both economic problems Politics and disease Including almost a cause to face World War III, but it is clear that the ban. Must be confined within his own residence Impact work Going out, living, traveling, and the gross economy Causing every country to return to look at the business rehabilitation plan Own health and people To escape this disaster
On the stock market, SCB estimates it does not have a strong impact on the stock market and its performance, but it recommends that the affected groups are limited to energy, packaging, products and medical devices. Drinks and rubber gloves Still able to invest in these businesses Because there is an opportunity to grow in earnings until next year
As for the expected group
In addition, the impact of the coronavirus outbreak on the Thai stock market fundamentals is not as severe as the first round. As for the government’s strict measures on restricting people to public places. The impact is likely to fall to the fundamentals. Until the number of infected people have slowed down to have a chance to come back again.
Economic overview from the Kasikorn Research Center
In the view of the Kasikorn Research Center, it is viewed that even in 2021, the major industries will recover positively. It has to come from a very low base in 2020. The business sector will have even more challenges in the tourism sector. Considered to be affected continuously
Although the government has tried hard to help this group. Whether it is a measure, we travel together Or tax discount But there are still hotels and accommodation in many areas unable to support the business and earn enough income. Maybe because the number of small businesses in this group is very large. There will be cases that are really long. That can still move forward
The housing sector still faces some liquidity tightness. Therefore must be careful in launching new projects But entrepreneurs have adapted to some extent and raised other income, making the situation still not worrisome.
On the car side, there are signs of recovery from purchasing power both at home and abroad. From investment in automobile manufacturing of the future Which is a challenge in the medium and long term
However, the second outbreak of COVID-19 Causing the Kasikorn Research Center to think that The lockdown period of some provinces with infected people Considered to have a risk of impact on small businesses totaling 45 billion baht, divided into
- Losses related to fisheries and seafood products That may have a combined value 13, 000 Million baht There is a possibility of a short-term delay in the consumption of fisheries and seafood products. Exports of such products in the next phase may be affected. Especially in the field of audits and processes That trading partners may ask Thai entrepreneurs to take additional actions even though no advance orders have been canceled
Samut Sakhon is a major source of raw materials in the fishery and aquaculture business. By the amount of fresh fish used in the fishery and saltwater processing businesses It accounts for almost 40% of the country. (Not including imported raw materials)[1] The lockdown therefore had little impact on the commercial and production activities.
However, building confidence in the safety of products and production processes through cooperation from all sectors It could help mitigate the impact. In addition, the impacts are still quite limited. As consumers and raw material users still have the option of purchasing and sourcing products from other sources. In addition, there are various and sufficient types of food. While most people are already consuming less fish and seafood products than meat like pork and chicken.
- People delaying activities during the New Year celebrations Especially people in the Bangkok area Worth not less than 15, 000 Million baht Including parties Various activities Reducing the frequency of spending at retail stores, for example (excluding travel) while residents may have to procure or reserve essential items such as masks, alcohol gels, ready-to-cook / ready-to-eat food. Some additions from the previous period In addition, he would turn to more activities through online channels instead of outside the home.
- Slowing of domestic tourism This is about 17 lost money., 000 Million baht Or about 30% of tourism income in a period of 1 month under the case of not yet announced a ban on traveling across provinces The areas expected to be affected are provinces in the western and central regions, including Bangkok, as well as the border provinces between Thailand and Myanmar. However, some people who wish to travel in the near term may have. Adjusting the destination to an area or province where the number of replacement infections is not found is also possible.
In addition to all three of these losses, the new COVID-19 scenario could have other impacts. Such as the impact on the income of merchants selling other goods in the market as people avoid traffic, especially in epidemic areas or encounter trapped people. Leaven
[1] Data from the Fisheries Statistics Report of Thailand 2018 by the Department of Fisheries
However, the COVID-19 Come back again at the end of the year and are going to help the high season in spending. Going out to live and stimulating the economy The more the money that is expected to be spread May be less than before Or if they are optimistic that Thais have adapted to a new way of life Know more about how to protect your own health Even though there is a problem with the card dropped Do not wear a mass when in the community. But believe that after this will come back to set up more cards
Khun Keetatakorn Siriat, General Manager of SLRT Company Limited, a subsidiary of The Minor Food Group Public Company Limited, who operates restaurants under the Sizzler brand, said that In the corner of the food business like Sizzler himself We have a very tight plan. Previously, there used to be only a few backup plans, now there are more than 10 plans, no matter what problem comes up, it can be solved immediately.
“We have gone through the first COVID phase. If the case is not counted, we expect the business to continue. In terms of services, it has to mix lifestyles and move forward with online strategies until vaccines are released. We are quite able to learn and adapt a lot. Various investment plans Will select in an appropriate approach first May not be a hundred percent according to the original plan But it’s not that different. “
The speedy adjustment helped increase sales in the third quarter from the first half of the year. 100% And expected Sizzle’s growth
In addition, Sizzler has made pilot efforts in contactless technologies, such as payments, which can be adapted to all forms of online – offline (Cashless). Or use robots to help serve food
Therefore, for each investment in the future, we will choose to look at the appropriate timing for each subject, prepare more protocal to suit the situation and clearly for the team work.
However, the company estimates that Sizzler’s customers are more willing to adapt to their branch services, such as measuring temperatures. Put on a mask before entering the store Wash your hands with gel Wear gloves while feeding, for example, which is a good sign that everyone has adapted to a new lifestyle and to protect themselves more.
Although we are very close to the end of the year Just one more week to enter the new year. And no matter what the future holds I wish both employees and businesses to get through the problem and keep the business going smoothly.
