Daily BriefsThailand

Thailand: Bangkok Aviation Fuel Services and more

In today’s briefing:

  • BAFS : Recovery Phase Has Kicked Off

BAFS : Recovery Phase Has Kicked Off

By Pi Research

  • Maintain BUY recommendation for BAFS with a target price of Bt34.0. Business performance are expected to turn profit by 3Q22, driven by recovery in aviation fuel services volume along
  • BAFS report 1Q22 net loss at Bt77m, the smallest loss in the past eight quarters. The result came out slightly above our expectation.
  • The least loss in the past eight quarters supported by dividend income recognition worth Bt50m from power plant business in Japan (acquired in 4Q21)and an increase in aviation fuel volume

Before it’s here, it’s on Smartkarma