Tourism reopens from March 15, which sectors will benefit?

Mar 17, 2022 09:11 GMT+7

The open tourism industry strongly supports the economic recovery process in general as well as the profit growth of related businesses in particular. So what are the industry groups that benefit from the story of reopening the tourism industry after March 15?

It will take time for the reopening of the tourism industry to reflect on business results. However, with the characteristic of reflecting the expectations of the stock market, stock prices will often tend to react before the performance of earnings.

Tourism is expected to “break the ice” after March 15.

According to a survey by PV on the stock exchange market, in fact, in the recent two sessions, on March 15 and 16, not all tourism stocks increased in price. Except for TCT of Nui Ba Cable Car (Tay Ninh) and NVT of Ninh Van Bay, many stocks are not ready for a comeback.

Accordingly, TCT increased in price for 5 consecutive sessions when closing March 16 at 45,750 VND/share, while NVT experienced 3 ceiling gains, reaching 18,050 VND/share.

Meanwhile, VTD’s stock fell for two consecutive sessions with a decrease of 4.7% to VND 25,200/share; VNG shares, after a 0.56% gain on March 15, also turned down the same price as the previous day, reaching 35,150 VND/share; CTC shares, after hitting the ceiling price, also turned down slightly on March 16, closing at 10,500 dong/share; DAH and OCH shares also fell on March 15 and gained again the next day, in which OCH increased by 6.6% to 16,200 dong/share;

For aviation stocks, Vietnam Airlines’ HVN dropped its price for two consecutive sessions, to VND 25,700/share. VJC after two gaining sessions also dropped 0.68% to 147,000 dong in the session of March 16. Meanwhile, ACV, after a series of consecutive days of decline, also increased in price on March 16 with a slight increase of 0.45% to 89,600 dong/share.

According to the research team of SSI Securities, the opening of the tourism industry will promote revenue growth and improve profits for businesses operating in such fields as: Tourism, travel; tourist accommodation (hotels, resorts, ..); and tourist transport.

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