Today, at 15:09 (Bangkok time), the share price of Airports of Thailand Public Company Limited (SET: AOT) increased by THB 2.00 per share, or 4.79%, to THB 43.75 per share, with a total trading value of THB 2.14 billion.
Krungsri Securities assessed the investment outlook and stated that today’s share price has positive momentum, with a possibility of breaking through the 200-day moving average resistance. The key supporting factors include:
The boost from the Golden Week period, as reflected in positive signals with a significant increase in Chinese tourists traveling via the Yangtze River Delta Railway.
The new government’s proactive tourism policy, with the Minister of Tourism and Sports aiming to attract 3–5 million Chinese tourists within the next four months, or an average of 500,000–750,000 people per month, compared to the current level of about 350,000 people per week. Details of the plan are expected to become clearer at the next Cabinet meeting.
Expectations of an increase in airport tax fees (Airport Tax), which, if realized, would be the first in several years, indicating a new government approach to building a capital base to support airport expansion. AOT is well-prepared in terms of both investment and capacity to accommodate more tourists in the future.
Ongoing commercial development in airport areas, with conclusions expected to gradually emerge in the coming period.
These accelerating factors are expected to continually support strong buying momentum in AOT shares, especially when compared to the tourism sector under the SET Tourism Index. The company remains a laggard stock. Since the beginning of the year, it has declined by 29.8%, while the SET Tourism group has dropped by only 13.5%.
The maximum target price for AOT is estimated at THB 48, with further upside remaining. For short-term trading, the support range is at THB 42–41.25, while the resistance is at THB 45–47.
