Stock Dimension – AOT by Land and Houses Securities stated that it is “buy accumulated” with a target of 76 baht, expecting Q1FY67F profits (Oct.-Dec. 2023) to still recover well both YoY and QoQ from passenger volumes that Increased 27% YoY and number of flights +19% YoY, while Q2FY67F (Jan.-Mar. 24) profits are expected to grow continuously. This is reflected in the continued recovery of foreign tourists, with the first 4 weeks of January having accumulated 2.7 million tourists +40% YoY.
Meanwhile, Chinese tourists have been ranked No. 1 for 4 consecutive weeks and it is expected to see an acceleration of Chinese tourists in February from the Chinese New Year festival. Because Thailand is still top of mind in Chinese tourism. Expected to help FY67F profits grow more than 35%.
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2024-01-31 02:36:02
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