Reporters reported that today (11 Sep. 2023) the stock price Bangkok Airways Public Company Limited or BA At 10:08 a.m. it was at the level of 16.90 baht plus 0.60 baht or 3.68%. The highest share price was 16.90 baht. The lowest share price was 16.50 baht with a trading value of 12.07 baht.
The stock price bounced back in response to the news. Mr. Putthipong Prasatthong-osot BA President and CEO revealed that BA recently adjusted its operating performance target for 2023, increasing its revenue target to 16,000 million baht from the original target of 15,000 million baht and increasing its average passenger load factor (Load factor) to 78% from. The original target was 76%. The average ticket price was increased to 3,700 baht per seat from the original target of 3,400 baht per seat. Due to high travel demand, ticket prices will increase. And it is estimated that this year BA will transport more than 4.4 million passengers.
At the same time, we are confident that the operating results for the second half of this year (July-Dec. 2023) will definitely grow better than the first half of the year. Because the beginning of last year was a time when the airline business and tourists began to recover. When it comes to the second half of the year, it will be when travel is at full strength. In 2024, the company plans to expand its fleet. The number of aircraft will be gradually increased.
For data reports from Refenitiv Consensus, BA’s 2023 revenue estimates are 18,785.49 million baht and net profit 1,444.03 million baht, average target price 18.02 baht (from 4 brokers)
2023-09-11 03:31:43
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