Krungthai XSpring Technical Eng. December 4, 2025
The weakness in DELTA and ADVANC, along with a lack of new market catalysts, weighed on the SET.However, the index appears to have raised its...
100 Views
AIRPORTS OF THAILAND Plc. (AOT): 3QFY25 Earnings Down YoY And QoQ
We maintain Underperform rating but raise the fair value to Bt26.50, based on an earnings yield of 3.2% following our house view’s macro factor...
138 Views
Airports of Thailand - Expect Weak 3QFY25E Earnings on Lower Passenger Movements...
We have a negative view on the fundamentals, as the market price reflects downside of -22% to the fair value, and the long- term FY2025-27E EPS...
224 Views
AOT TB - KPD Deferred Additional Payments but Compensated AOT with Sufficient Guarantees
We maintain our Underperform rating but revise down the fair value to Bt23.50, based on a required return of 3.7%, following adjustments to our...
132 Views
AOT TB - FY2026E Performance Likely to Be Pressured by Expected Reduction in MG from KPD
As a result, we maintain our core profit estimate for FY2025E but revise down FY2026E core profit by 38%, leading to a long-term EPS contraction of...
232 Views