BAFS Jumps 6%, Analyst Recomm. “BUY” ahead of Fuel Recovery to Pre-Covid Levels
BAFS rose ฿ 1.75/share or 6.19% to ฿30.00/share as of 11:30 local time in Thailand, with a trading value of 169 million baht.
The share price of Bangkok Aviation Fuel Services Public Company Limited (BAFS) rose ฿ 1.75/share or 6.19% to ฿30.00/share as of 11:30 local time in Thailand, with a trading value of 169 million baht.
Kasikorn Securities (KS) favors BAFS with a target price of 34.25 baht, citing it as one of recommended city reopening plays ahead of gasoline recovery to pre-Covid levels in 2023.
Additionally, BAFS recently acquired seven solar farms totaling 36MW in order to create additional recurring income and diversify risks involved with its main business.