An agreement for a free visa policy between Thailand and China is set to greatly boost seven Thai tourism-related stocks, as projected by brokerages. This policy, signed earlier this week, is anticipated to cause a significant uptick in Chinese arrivals in Thailand this year.
The Tourism Authority of Thailand (TAT) set a target of attracting 8.2 million Chinese tourists in 2024, a huge leap from last year’s 3.5 million. The visa exemption policy for nationals of both countries, which allows stays of up to 30 days, is believed to be a key factor in achieving this goal.
From March 1, the policy is expected to positively impact seven Thai stocks connected with tourism, according to Globex Securities. These include Airports of Thailand (AOT), Asia Aviation (AAV), Minor International (MINT), Central Plaza Hotel (CENTEL), Erawan Group (ERW), Siam Wellness…
