On Thursday at 11:07 AM (Bangkok time), the share price of Bangkok Airways Public Company Limited (SET: BA) gained 2.56% or THB 0.40 to THB 16.00, with a trading value of THB 95.75 million.
Land and Houses Securities (LHS) wrote that BA will see a year-on-year profit growth in the fourth quarter of 2025, supported by operational cost savings that are expected to offset declining revenue.
For full-year 2026, the brokerage forecasts profit to rise by 5% year-on-year, aided by a recovery in tourism, declining jet fuel prices, and a reduction in overall fleet size.
Following these, LHS has set a strategic target price for BA at THB 18.50 per share, corresponding to a projected 2026 price-to-earnings ratio (P/E) of 10.7 times.
