InnovestX Securities picked Airports of Thailand Public Company Limited (SET: AOT) as one of its top picks in the tourism sector, expecting the airport operator to post an impressive profit growth, driven by a significant increase in international passenger numbers.
By 2025, the company’s profits are projected to rise by 18% compared to the same period last year, based on an anticipated 84 million international passengers—a 15% increase from the previous year. In the first quarter of 2025, profits are expected to grow both year-over-year and quarter-over-quarter as the sector enters the high season of Thailand’s tourism industry.
Additionally, data compiled by LSEG from global analysts on AOT suggested 13 recommendations for “Buy”, five for “Hold”and two for “Sell” with a consensus target price at THB68.32 per share, representing a 11.5% upside from the current trading price.
