Analysts Recommend “BUY” AOT in Unison, Giving Target Price as High as ฿88/Share!
Analysts have agreed to give a "BUY" recommendation for AOT at the target price as high as ฿88/share after the company announced higher-than-expected minimum guaranteed from King Power.
Analysts have agreed to give a "BUY" recommendation for AOT at the target price as high as ฿88/share after the company announced higher-than-expected minimum guaranteed from King Power.
20 มิ.ย. 2562

Airports of Thailand Public Company Limited (AOT) on June 19, 2019, had officially reported that King Power Duty Free Co., Ltd. (KPD) and King Power Suvarnabhumi Co., Ltd. (KPS) which belongs to the King Power International Group had acquired the concession of Suvarnabhumi Airport, Phuket International Airport, Chiang Mai International Airport and Hat Yai International Duty-Free operation and also the right to operate commercial area in Suvarnabhumi Airport.
Moreover, the company had revealed that, in 2021, AOT would receive over THB 23,000 million in total from the minimum guarantee, which is higher than what analysts had anticipated at an approximately of THB 11,000-15,000 million.
 
The share price of AOT made a high jump to close at ฿73.75/share, increased ฿5.75/share or 8.46% with a trading value of THB 23 billion.
After the announcement that beat everyone’s expectations, many analysts had made analytics on AOT, giving the target price as high as ฿88.0/share.
1) KGI Securities: Buy at ฿88.0/share
2) Kasikorn Securities: Buy at ฿85.0/share
3) Bualuang Securities: Buy at ฿83.0/share
4) CIMB: Buy at ฿82.0/share
5) Maybank Kim Eng: Buy at ฿75.0/share