Someone new something on Nov. 10, when it first started to climb, after a small spike in volume. Then, some really big spikes, followed by more climbing. But, before all that, it was a steady decline. So, we really need some good news. The good news for us is that it really can't get any worse, accept for BK, (which could happen.)
I think the government doesn't want that in that this is part of the pride and joy of Thailand. What it really boils down to is a PR battle over Covid, and the thread of hope that the gov't will get involved.
It says: "Meanwhile, a source close to those managing Thai Airways’ debt rehab plan, says the state is not obliged to provide a bailout for the national carrier. The Bangkok Post reports that Chansin Treenuchagron, acting president for Thai Airways, says no such commitment has been made and the government is not obliged to take on the role of loan guarantor for the airline."
The tone of this verbiage is that they are still in negotiations or that the door is not completely shut, yet.
I think these are good signs for another "run". But, probably not a big spike, unless something really wild happens.
Social media is really crushing the 3rd world with it's coverage of Covid. This is the real battle for investing in emerging markets, at this time, IMO.
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