Maybank Securities (Thailand) has given a strategic target price for Airports of Thailand Public Company Limited (SET: AOT) at THB 60.00 per share, citing potential upside from the Passenger Service Charge (PSC) hike that will be implemented later this month as a major catalyst.
The brokerage house noted that the PSC increase to 1,120 Baht, effective June 20, 2026, will boost earnings, with full-quarter recognition starting in 4026. Furthermore, management expects flight bookings for the summer season (April-October) to have already bottomed out.
Limited Impact from Middle East Tensions. The company benefits from a rise in transit and transfer passengers offsetting Middle East routes, while continuous, efficient management remains well-executed.
The firm set a support level for AOT at THB 55.00 and a resistance level at THB 60.00. The stop loss position has been set at THB 52.00 per share. The share price of AOT closed the morning session on June 2, 2026, at THB 56.25 per share.
