On Thursday at 11:45 AM (Bangkok Time), the share price of Airports of Thailand Public Company Limited (SET: AOT) rose by 2.93% or THB 1.75 to THB 61.50 per share, with a trading value of THB 1.748 billion.
Pi Securities stated that the trend for FY1Q24 business performance of AOT is still on an upward trajectory, with a net profit of more than THB 5 billion, after the number of passengers grew by 12% QoQ and 26% YoY to 28.9 million.
In addition, AOT also received positive factors from the recovery of Thai tourism and the Thai-Chinese visa waiver, starting in March 2024. The Thai government estimated the number of tourists to increase to 34-35 million from 28 million in 2023. The analyst gave a “BUY” recommendation at a target price of THB 74.
