AWC surges 8.95%, leading tourism sector after broker raises 2026 foreign tourist forecast

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โดย Thunhoon·Read original
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AWC shares rose 8.95% to 2.92 baht, up 0.24 baht, leading the tourism sector after InnovestX Securities raised its 2026 foreign tourist arrival estimate from 31 million to 33 million. Foreign tourist arrivals from January 1 to July 18, 2026, stood at 17.4 million, down 3.1% year-on-year, and are expected to return to year-on-year growth in the fourth quarter of 2026, driven by high-season demand, global events, and government measures. The research team raised normalized earnings estimates for hotel stocks, with ERW seeing the largest upgrade at 15%, followed by AWC at 11%, CENTEL at 7%, and MINT at 1%, based on their revenue exposure to Thai hotels. ERW is seen as best positioned due to its high share of revenue from Thailand and a strong domestic guest base, while CENTEL is expected to post the strongest profit growth in 2027, supported by a new hotel in the Maldives and a recovery at its joint-venture hotel in Dubai.

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