On Friday at 11:23 AM (Bangkok time), the share price of Minor International Public Company Limited (SET: MINT) rose by 1.40% or THB 0.30 to THB 21.70, with a trading value of THB 330.67 million.
Dusit Thani Public Company Limited (SET: DUSIT) surged by 0.85% or THB 0.10 to THB 11.80, with a trading value of THB 3.64 million
The Erawan Group Public Company Limited (SET: ERW) increased by 0.90% or THB 0.02 to THB 2.24, with a trading value of THB 13.72 million.
S Hotels and Resorts Public Company Limited (SET: SHR) grew by 1.99% or THB 0.03 to THB 1.54, with a trading value of THB 504,770.
Asia Aviation Public Company Limited (SET: AAV) expanded by 0.94% or THB 0.01 to THB 1.07, with a trading value of THB 18.51 million.
DAOL Securities (Thailand) has expressed a positive view for the Thai tourism and aviation sectors amid expectations that the ‘Buy International, Free Domestic Flights’ initiative will soon be submitted to the Cabinet for approval.
Under this program, the government plans to distribute free domestic flight tickets to 200,000 international tourists. According to earlier reports in August 2025, the scheme is set to allocate a total budget of around THB 700 million, subsidizing seats for foreigners at THB 1,750 per flight, or THB 3,500 for round-trip journeys.
A total of 400,000 seats will be provided across six domestic carriers: Thai Airways, Bangkok Airways, Thai AirAsia, Nok Air, Thai Lion Air, and VietJet Thailand. The promotion will be launched during the high season from January to April 2026.
Companies expected to see the greatest benefit from an upswing in domestic tourism, ranked by their revenue share from the sector, include ERW, CENTEL, MINT, and SHR, along with airline operators such as AAV, BA, and THAI.
DAOL Securities gives a ‘Marketweight’ recommendation on the sector, naming CENTEL as its top pick with a ‘Buy’ rating and a price target of THB 36.00 per share. The brokerage firm anticipates growth in CENTEL’s fourth-quarter 2025 earnings, both year-on-year and quarter-on-quarter, driven by increased bookings and revenue momentum, with the second quarter of 2025 seen to have marked the earnings trough for the year. Additionally, CENTEL stands to benefit from the new terminal opening at the Maldives airport, where about 15% of its revenues are generated.
Moreover, ERW also receives a ‘Buy’ rating with a price target of THB 2.90 per share, as fourth-quarter 2025 profits are expected to rise quarter-on-quarter after passing a low point in the second quarter. Notably, ERW has the highest proportion of revenue from Chinese tourists among its peers, at 13%.
