AIRPORTS OF THAILAND Plc. (AOT): Earnings Upgraded On Easing KPD And PSC
We switch to Outperform and raise our FV to Bt56.00 (2.6% required return; vs Neutral/Bt40.75/2.8% previously). The duty-free contract...
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AIRPORTS OF THAILAND Plc. (AOT): KPD And PSC Set To Clear Within Two Weeks
We maintain a Neutral call with a fair value of Bt40.75, based on a 2.8% required return, equivalent to FY2026E PER of 35.3x (–1SD below the 3-year...
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AIRPORTS OF THAILAND Plc. (AOT): 4QFY25 Core Profit Beat; KPD/PSC Talks in Focus
With the overhang from the likely cut in KPD’s revenue share to 20%, we maintain our 2Y core EPS CAGR at 8%, tracking the sector.
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Airports Of Thailand Plc. (AOT): CAB To Meet On December 3 To Review PSC Rate Adjustments...
The Civil Aviation Authority of Thailand (CAAT) is gathering proposals from three key agencies for CAB’s consideration. i) CAAT has proposed...
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AIRPORTS OF THAILAND Plc. (AOT): KPD and PSC Clarity on the Horizon This October
The fair value was revised up to Bt40.75 (from Bt26.50), driven by an upward revision in our core profit estimate to reflect lower-than-expected...
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