3Q26E CP Up QoQ; Limited Departure Tax Impact
We expect 3Q26E core profit (CP), down YoY but up QoQ amid changing jet fuel costs, remains in line with our outlook. We maintain Outperform and a...
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BANGKOK AIRWAYS Plc. (BA): Service Concessions Extended; Solid Samui Growth Expected in 3Q26E
We upgrade our rating to Outperform from Neutral following a 3% decline in the share price since our previous report, which has widened upside to...
96 Views
BANGKOK AIRWAYS Plc. (BA): 2Q26 Core Profit Beat on Higher Dividends; 3Q26E Set to Improve
Core profit beat our forecast on higher-than-expected dividend income, while core operations were in line with expectations. Earnings declined YoY...
91 Views
BANGKOK AIRWAYS Plc. (BA): 1Q26 Core Profit Beat Expectations...
We maintain our Outperform rating and 12M fair value of Bt15.20, based on 12M EV/EBITDA of 4.3x, with 9% upside and a Neutral tactical view.
122 Views
BANGKOK AIRWAYS Plc. (BA): Earnings Revised Down To Reflect Middle East
We cut our 2026–28E core profit forecasts due to lower ASK, higher operating costs in aviation-related service businesses, and higher fuel cost...
140 Views