GBS Recommends 7 Stocks Benefitting from Thai-Chinese Visa Waiver

Globlex Securities (GBS) expected the trend of the Thai stock market to be volatile this week, following the announcement of the slow US inflation data. The country benefited from domestic factors from tourism stocks ahead of the Thai-Chinese visa waiver measure, which will take effect on 1 March 2024, while the verdict from the Constitutional Court regarding the case of Mr. Pita Limjaroenrat, a member of the Move Forward Party, on the amendment of Section 112 campaign as to whether the campaign is within the scope of overthrowing the monarchy or not is a matter to be closely monitored on 31 January 2024.

The analyst recommended investing in stocks that benefited from the visa waiver measure, including AOT, AAV, MINT, CENTEL, ERW, SPA, and SKY.