The share price of SKY ICT Public Company Limited (SET: SKY) rose more than 2% to THB23.90 per share in the morning session on Wednesday as investors are looking ahead for the company’s performance amid peak season in the tourism industry for the final quarter of 2024.
SKY has officially introduced an Automated Biometric Identification System (ABIS) in six major Thai airports: Suvarnabhumi Airport, Don Mueang Airport, Chiang Mai Airport, Mae Fah Luang Chiang Rai Airport, Phuket Airport, and Hat Yai Airport.
The biometric system will streamline processes for travelers and airport personnel by reducing procedural steps and enhancing efficiency. Passengers can use facial recognition for identification, minimizing the need for physical document checks and reducing contact within the airport.
The company also expected to generate more income through other applications such as CUBD (Common Use Bag Drop) for automatic baggage loading, PVS (Passenger Validation System) for passenger screening, and SBG (Self-Boarding Gate) for automated boarding. All of these are part of SKY’s pre-boarding passenger service system or CUPPS (Common Use Passenger Processing System).
Furthermore, SKY also benefited from revenue recognition from subsidiaries, including Metthier Co., Ltd. and Pro Inside Public Company Limited, as well as strategic investments in high-potential companies such as One To One Professional Co., Ltd. (OTP), resulting in significant overall revenue growth.
