AOT adds another 1%, hoping to achieve bright profits in the second quarter and receive an increase in the number of tourists. The broker recommends “buy and accumulate” with a target of 76 baht.

Reporters reported that today (February 2, 2024) Airports of Thailand Public Limited or AOT At 11:03 am, the price was at 62.50 baht plus 0.75 baht or 1.21%, the highest at 63.00 baht, the lowest at 62.25 baht, with a trading value of 1,040.56 million baht.

Land and Home Securities Public Company Limited It was identified in the analysis that it still recommends “accumulating buy” AOT with a target price of 76 baht, with first-quarter (October-December 2023) earnings expected to still recover well, both compared to the same period last year. From the previous quarter there was a 27% increase in passenger volume compared to the same period last year. The number of flights increased by 19% compared to the same period last year.

While profits for the second quarter of 2024 (January – March 2024) are expected to continue to grow. This is reflected in the continued recovery of foreign tourists. In the first four weeks of January, there were 2.7 million tourists, an increase of 40% compared to the same period last year, while Chinese tourists ranked first. Respectively, also benefiting from the Chinese New Year Festival, it is expected that we will witness an acceleration in the numbers of Chinese tourists during this period. Because Thailand is still a top priority for Chinese tourism. Full-year 2024 profits are expected to grow by more than 35%.

Along with Mr. Suriya, Jongroongruangkit, Minister of Transport, revealed that during the Chinese New Year Festival from February 5 to 14, 2024, it is expected that there will be more than 3.52 million passengers passing through the six AOT airports, so he ordered Thailand's airports (PCL.AOT) or AOT. Prepare for safety and integrate cooperation with relevant agencies to accommodate increased number of passengers and volume of air traffic. He stressed the management of ground services to provide comfort and speed to passengers

As for immigration checkpoints, we ordered checking the readiness of automated passport control channels or automated channels, as well as increasing staff to provide service at all immigration checkpoints. Being prepared in the event of a disruption in the immigration system and in order not to affect the tourism image of the country, in addition, AOT has used technology to facilitate service users with complete efficiency. In line with the government's policy to stimulate the tourism economy and visa-free measures, it is expected that in 2024 there will be more than 8 million Chinese tourists traveling to Thailand.

While Mr. Kirati Kitmanawat, President and CEO of AOT, spoke about the preparations at all six airports, namely Suvarnabhumi Airport (RTA), Don Mueang Airport (DMK), Chiang Mai Airport (DMK).) Phuket Airport (THB), Hat Yai Airport (THB), and Mae Fah Luang Chiang Rai Airport (THB), using technology to facilitate passengers and users with complete efficiency. It is expected that the passenger volume will reach approximately 3,523,929 people, with an average of 352,393 people per day, an increase of 20%. There will also be 21,115 flights, with an average of 2,112 flights per day, an increase of 16.7% compared to last year. The same period last year.

The Royal Thai Police will have the most trips, with 1,735,885 people, an average of 173,588 people per day, an increase of 24.3%, and there will be 9,439 trips, an average of 944 trips per day, an increase of 15.6%, followed by the Bangkok City Administration with a population of 842,251 people, an average of ​​84,225 people, the number of people per day increased by 19.2%, and there were 6,104 flights, with an average of 610 flights per day, an increase of 24.7%.

284,123 people, an average of 28,412 people per day, an increase of 12.7%, and 1,679 flights, an average of 168 flights per day, an increase of 5.3%. 523,988 people, an average of 52,399 people per day, an increase of 21.7% and an average of 3,005 flights. 300 trips per day, an increase of 21.5%, 78,974 females, with an average of 7,897 people per day, a decrease of 9.2%, and the number of trips reached 529 trips, an average of 53 trips per day, a decrease of 8.8%, and 58,709 military personnel, an average of 5,871 per day, decreased by 7%, and they had 360 trips. With an average of 36 flights per day, a decrease of 8.6%.

During the Chinese New Year Festival, China Airlines' carriers ordered flights at all six AOT airports, with a total of more than 3,086 flights, an increase of 202.6% compared to the same period last year. The number of passengers reached 458,813 passengers, an increase of 220.2%, while the top 3 airports that requested flights reached 1,799 flights, an increase of 193.4%, then 282,982 passengers, an increase of 224.6%, followed by Bangkok Airport, 662 flights, an increase of 366.5%. 88,074 passengers, an increase of 328.5%, 497 flights, an increase of 167.3%, 69,342 passengers, an increase of 170.1%.

In addition, AOT is ready to receive Chinese travelers from the tourist visa exemption policy for holders of passports or travel documents from China and Kazakhstan (visa free) in order to promote tourism and the country's economy. And organizing campaigns to stimulate the aviation market, such as discounts on aircraft take-off and landing services. Discount on aircraft storage service fees and aircraft bridge fees (landing fees, parking fees, boarding bridge fees). In 2024, more than 8 million Chinese tourists are expected to travel to Thailand.