On Monday at 10:57 AM (Bangkok time), the share price of Bangkok Airways Public Company Limited (SET: BA) surged 3.47% or THB 0.50 to THB 14.90, with a trading value of THB 144.37 million.
Finansia Syrus Securities (FSS) has issued a ‘Buy’ recommendation on BA, with an average target price of THB 18.07 per share, based on the IAA Consensus.
BA is receiving positive sentiment from the ongoing decline in crude oil prices, following reports of progress in peace negotiations in the Middle East. Advance bookings from June to September continue to demonstrate modest year-on-year growth, with the Samui route showing an especially strong performance that offsets weaker demand in other routes.
Furthermore, BA has implemented a fare increase to partially offset the higher fuel costs. At present, the company has hedged approximately 30% of its jet fuel needs at about $80 per barrel.
According to Finansia, normalized profit for the second quarter of 2026 is expected to soften both quarter-on-quarter and year-on-year, before accelerating in the third quarter as the industry enters its high season.
BA is likely to be less affected by the ongoing war than its competitors, due to its more diversified operations. A key highlight for investors remains the company’s annual dividend yield, which is expected to remain in the range of 5-6%.
