ERW to raise B3bn capital to support growth
published : 25 Feb 2021 at 04:00
1 Hop Inn hotel in Chiang Rai. Hop Inn hotel plans to double its portfolio in Thailand, rising to 100 hotels from 46.
SET-listed Erawan Group Plc (ERW) targets earnings growth for the Hop Inn brand by 2025 and plans to raise 3 billion baht in capital to support long-term growth.
Petch Krainukul, president of ERW.
Petch Krainukul, president of Erawan Group, said budget hotels under the Hop Inn brand should see a faster recovery than other segments, driven by domestic demand. The group is showing resilience amid the pandemic, said Mr Petch.
Aviation, healthcare picked for rebound
published : 8 Feb 2021 at 06:44
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Shares of aviation, healthcare and tourism stocks are expected to rise following the Thai government s policy of allowing travellers with vaccine passports to enter Thailand without a mandatory 14-day quarantine upon arrival, according to research from KTBST Securities.
However, investors must follow news on the progress of mass vaccination programmes around the world as the starting dates for mass immunisation in many countries, including Thailand, remain uncertain.
Analysts from KTBST expect 50,000 doses of vaccines will be imported to Thailand in February, followed by 800,000 doses in March and 1 million in April.
The government plans to inoculate a total of 35 million people this year, or around 50% of the population, with the 70 million vaccine doses it is procuring from Beijing-based Sinovac Biotech and AstraZeneca.