[Special Stock] 7-Day Self-Quarantine Lifted for Overseas Arrivals... Travel Stocks ↑
[Asia Economy Reporter Minji Lee] Investor sentiment toward travel stocks is expanding as the 7-day self-quarantine requirement after overseas travel is lifted.
At 10:11 a.m. on the 21st, Modetour was traded at 23,950 KRW, up 3.46% from the previous trading day. In addition, Hanatour (3.13%), Norangpungseon (2.19%), Chamjoeun Travel (1.99%), and Redcap Tour (0.62%) also showed upward trends.
It is analyzed that the expectation of increased demand for overseas travel has expanded as the 7-day self-quarantine for overseas entrants was lifted starting today.
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Lee Jin-hyeop, a researcher at Yuanta Securities, said, “From a pricing perspective, travel prices are expected to be formed at a higher level than before COVID-19, which will have a positive impact on the travel industry,” adding, “Considering costs, travel agencies actively pursued restructuring during COVID-19, so leverage is expected.”
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