AWC Gains 3% ATO after the Inclusion in FTSE Large Cap

The share price of Asset World Corp Public Company Limited (SET: AWC) rose THB 0.15 or 2.80% to THB5.50 per share at the open on Friday after the inclusion in FTSE Large Cap, moving up from Mid Cap.

Analysts had mixed recommendations for AWC between ‘BUY’ and ‘HOLD’, but still giving a higher target price than the current trading price.

Pi Securities and Bualuang Securities had positive outlook on AWC and gave ‘BUY’ recommendations, seeing a momentum shifting toward a good direction in the first quarter this year from surging tourism and rising revenue from rent.

Meanwhile, Innovest X, Pi and Tisco Securities gave ‘HOLD’ recommendations despite their views on a strong comeback of the company. Pi Securities noted that revenue from rent, though, might increase, still lower than pre-pandemic level.

Nevertheless, the consensus target price for AWC still has 14% upside from the current price.