On Tuesday at 10:31 AM (Bangkok time), the share price of Bangkok Airways Public Company Limited (SET: BA) surged 1.86% or THB 0.30 to THB 16.40, with a trading value of THB 52.23 million.
Finansia Syrus Securities (FSS) has reinitiated its coverage of BA with a ‘Buy’ recommendation and set a target price of THB 21.10 per share. The brokerage maintains a positive outlook on demand within the premium tourism market segment, which includes the Samui route, as this is expected to help sustain passenger yields.
Additionally, the increase in flight frequency will likely contribute positively to the company’s performance, while Bangkok Airways’ airport operations business is expected to help reduce earnings volatility and improve overall profit quality in the long term.
In the short term, FSS projects that BA’s profit in 2Q26 will soften to THB 178 million due to the low season. However, a strong recovery is anticipated in the third quarter, coinciding with the high season for Samui tourism.
According to Finansia, Bangkok Airways remains one of the leading beneficiaries should geopolitical tensions ease and oil prices stabilize. The anticipated dividend yield is also attractive, estimated at around 6-8% per year during 2026-2028.
