AOT Jumps 5% as Traders Speculate on the Recovering Performance in 2H21


The share price of Airports of Thailand Public Company Limited (AOT) rose ฿3.25/share or 5% to ฿68.25/share with a trading value of 4,844 million baht as of 15:36 local time in Thailand on June 11, 2021.

 

UOB Kay Hian Securities (Thailand) stated that the surge in AOT’s share price was due to the speculation in anticipation for a recovery in 2H21 as air transportation tends to be better after 2Q21.

However, the vaccine rollout could post a positive sentiment but the analyst stated that the fundamentals might not recover in a fast pace, expecting investors to focus on the reopening theme and overlook the 2Q21 results.

In addition, the consensus for AOT is at ฿69.00/share and UOB Kay Hian saw that the share price had priced in the positive sentiment on border reopening.

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