AOT Gains 3% as International Tourists Return

The share of Airports of Thailand Public Company Limited (AOT) rose ฿1.75/share or 2.67% to ฿67.25/share in the morning session of Monday, November 8, 2021, with a trading value of 3,007 million baht.

DBS Vickers Securities (DBSVS) forecasts a swift recovery in AOT following Thailand’s reopening the country to fully vaccinated international tourists without quarantine from 46 countries from November 1, 2021. DBSVS recommends “BUY” rating with a target price of 70 baht.

DBSVS anticipates an increase in tourist traffic and aircraft in service. This will speed up the recovery of the AOT and businesses located within the airport. Furthermore, AOT has a plan to continue expanding its operations in the aviation service, terminal, and other commercial sectors.

Meanwhile, Krungsri Securities (KSS) maintains a “BUY” rating on AOT with a target price of 78 baht, citing the airport’s expected benefits from the country’s reopening and the 89% effectiveness of Pfizer’s antiviral pill in high-risk cases.