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4) Asian stock market dropped sharply, led European and US stock markets. AWS expects today to see the recovery of the Thai stock market but the recovery is still under pressure due to data on the number of people infected in areas outside of China. AWS recommends focusing on investing in Defensive and High Dividend stocks according to AWS’ theme investment.
After having a news rumor of Tokyo Olympics will be delayed until 2021 amid the coronavirus outbreak as from an interview of the Veteran International Olympic Committee member Dick Pound with USA TODAY Sports on Monday, however, the International Olympic Committee vice president Anita DeFrantz says she has not heard anything about the games being postponed.
The intrinsic value and the 2020F profit forecasts might be indications to support the saying that hotel stocks’ share prices were well above their fundamentals. Domestic demand in tourism still has a dire outlook despite the reopening economy and restriction lifting, 2Q earnings will definitely contract, while international arrivals are nowhere to be found.
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